Private equity firm Rotunda Capital Partners has acquired a majority stake in Refrigeration Sales Corporation (RSC), a wholesale distributor of ventilation and refrigeration equipment, parts and supplies in Ohio and Western Pennsylvania.
RSC has acted as a critical partner to both suppliers and customers for more than 100 years, gaining a reputation for its relentless focus on customer service and best-in-class operations.
The company has grown to 10 locations, out of which it provides contractors with technical support, expert training and the products required to complete any installation, repair or service.
“We are thrilled to partner with Refrigeration Sales Corporation,” said Dan Lipson, partner at Rotunda. “The company is led by an outstanding management team and its reputation is second to none in the industry.
“We look forward to helping them continue their product, service, and geographic expansion while upholding the same level of commitment to their customers and vendors.”
Corey Whisner, partner at Rotunda, added: “It is an exceptionally-run family business, with a long history of providing customers with premier branded products, technical support and superior service. The company is well-positioned for accelerated growth, and we look forward to supporting the team in the execution of our shared strategic vision.”
RSC is a fourth-generation family-owned business and serves as a critical link between more than 200 suppliers and 2,800 customers.
Warren Farr, CEO at RSC, said: “We have come a long way since my great-grandfather started this business in 1921 as Kelvinator Cleveland. We are excited to have found a partner in Rotunda that knows our industry and will continue to build on our tremendous growth. Together, we plan to enter new markets and geographies while staying true to our family culture.”