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Saw Mill Capital Partners Grows Operations with Metro Chicago Branch

01/05/2018
Saw Mill Capital Partners and affiliated private equity investment funds managed by Saw Mill Capital, expanded its North American operations with the acquisition of Climate Pros in Glendale Heights, Illinois. The company is a provider of refrigeration maintenance, repair, remodel and installation services to grocery retailers and other cold-chain customers primarily in North America.

In recent years Climate Pros has expanded to include operations in Hawaii, Wisconsin, Michigan, Florida, and California.

Todd Ernest, CEO of Climate Pros, commented, "We have had the pleasure of developing a deep relationship with Saw Mill over the past four years and are excited to partner with the firm as we enter the next stage in our growth. We see tremendous opportunity in our market and believe Saw Mill will provide us with strategic support and capital to execute on our growth plans."

Based in Briarcliff Manor, New York, Saw Mill Capital is a private equity firm that acquires industrial and commercial service, specialty distribution and manufacturing businesses with enterprise values of $25 million to $200 million. Since 1997, Saw Mill Capital has been partnering with management teams to help successful businesses reach their full potential.

Tim Nelson, a Partner at Saw Mill Capital, said, "Todd Ernest is a dynamic entrepreneur, who has grown up in the industry and has never been satisfied by the status quo.”

“He saw an opportunity to build a better platform and has executed on his vision to become one of the leading refrigeration services companies in the U.S. We look forward to our new partnership and to continue growing the business as we enter new geographies and seek to acquire add-on service providers,” Nelson said.

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