RF Investment Partners (“RF”) recently closed an investment in InterCoolUSA, LLC (“InterCool” or the “Company”) to support its acquisition of the industrial refrigeration business of Freije RSC and to provide growth capital. InterCool is a 42-year-old Dallas-based business serving the industrial refrigeration market. The Company provides maintenance and design services for industrial refrigeration equipment used in temperature-controlled warehouses. InterCool’s strategic acquisition of Freije RSC’s industrial refrigeration assets will greatly expand the Company’s geographic reach, increase scale, and provide significant cross-sell opportunities via the target’s customer portfolio.
“The RF team provided a flexible capital solution to finance this transformative acquisition of Freije RSC’s industrial refrigeration business. In addition to their flexibility, RF’s speed of execution was truly differentiating to accommodate a compressed transaction timeline. Our platform is now optimally positioned to leverage its newly acquired national footprint.” – Brandon Annett, CEO of InterCool
“Brandon and his team have built a best-in-class organization that continues to capitalize on growing consumer trends driving demand for industrial refrigeration services. We continue to be impressed by InterCool’s ability to execute on Brandon’s vision for the Company. RF is excited to partner with an industry leader operating in a market experiencing tremendous growth.” – Peter Rothschild, Co-Founder and Managing Partner of RF