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CoolSys Announces Two Strategic Acquisitions

Aug. 17, 2023
California-based HVACR firm adds asset recovery specialist in Texas, commercial contractor in Eastern Pennsylvania.

FROM PRESS RELEASES

BREA, CA, August 8, 2023CoolSys, the market-leading nationwide provider of sustainable refrigeration, HVAC, energy and engineering solutions, has acquired 1GNITE, an environmentally friendly asset recovery, recommerce and specialized facility services company.

In announcing its second acquisition this month, CoolSys will expand its sustainable solutions to include equipment decommissioning and recommercing while reinforcing its nationwide network and capabilities. On Aug. 1, CoolSys also acquired Philadelphia-based Lima Company, a blended service provider of commercial and industrial HVAC, refrigeration, plumbing and energy services throughout Eastern Pennsylvania, Delaware, Maryland and New Jersey.   

“With 1GNITE, we strengthen our capabilities and build on our lifecycle solutions to offer a new sustainable and financially beneficial approach to asset recovery, equipment decommissioning and recommercing,” commented Rick Frier, Chairman and Interim CEO at CoolSys.

Headquartered in Frisco, TX, 1GNITE provides used asset recovery solutions for mid-sized and large corporations. The company specializes in identifying ways to increase efficiencies, maximize value and transform waste into opportunities and resources for its clients.  

“As part of the CoolSys family of companies, we are excited to bring our specialized and unique solutions to new customers and new markets,” commented 1GNITE CEO Brian Dick. “At 1GNITE, we understand the demands and constraints faced by our clients and work to maximize the value of their used assets or surplus inventory while minimizing the cost of facility cleanouts and helping them achieve their ESG goals.”  

For its part, Lima Company has served clients and facilities throughout the Mid-Atlantic region since 1976, when Bob Lima first established the business. Many of its employees have been with the company for over 30 years, and the management team includes plumbing and HVAC technicians who have risen through the ranks to hold key leadership roles.  

“Our goal has always been to provide quality services at a fair price for our clients by combining the right people and the right approach to deliver the right results,” commented Lima. “We look forward to maintaining these core values as part of CoolSys, where our dedicated employees can continue to service our clients at an outstanding level while bringing them new resources and capabilities from a forward-thinking, market-leading, national company.” 

Added Frier, “We’re excited to have Lima Company join the CoolSys family of companies. (They) have built a strong reputation by combining industry expertise and a client-focused approach. Their values align perfectly with our mission at CoolSys to provide best-in-class service, quality products and technology at competitive prices.” 

About CoolSys 

CoolSys is the market-leading provider of sustainable refrigeration, HVAC, energy and engineering solutions for customers in the grocery, retail, food service, industrial, education, healthcare and government sectors. From engineering, design and installation to service and maintenance and energy optimization, CoolSys businesses cover the entire lifecycle of mission-critical HVAC and refrigeration systems. Headquartered in Southern California, CoolSys has more than 3,200 employees nationwide, serving the daily needs of more than 45,000 customer locations across North America. For additional information, please visit www.coolsys.com