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Press releases > Generational Equity Advises Cobb Refrigeration in Sale to Temp-Con

Generational Equity Advises Cobb Refrigeration in Sale to Temp-Con

By Generational Equity

Dec 31, 2019, 13:30 et

Cobb Refrigeration

 

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Cobb Refrigeration, LLC, to Temp-Con, LLC. The acquisition closed December 13, 2019 and details were not disclosed.

Located in Lenexa, Kansas, Cobb Refrigeration is a commercial refrigeration, heating and air conditioning (HVAC-R) service, sales and installation company specializing in laboratory refrigeration and lab equipment services. The company services incubators, centrifuges, cryostat, microtomes, freeze driers and more.

Temp-Con, located in Olathe, Kansas, is a full-service commercial, heating, ventilation, air conditioning and refrigeration contractor that is owned by Centerfield Capital Partners and Caymus Equity Partners. Temp-Con has been in business for 30 years and is recognized as a regional leader in the industry. The Company maintains differentiation through expertise in complex, energy-efficient HVAC-R systems and high-touch service. End-market users of Temp-Con’s services operate in a diverse set of industries, including government, healthcare, restaurants and commercial buildings.

Founded in 1998, and located in Indianapolis, Indiana, Centerfield Capital Partners provides mezzanine and equity financing to lower middle market companies. They manage approximately $500 million of assets in four funds, and are primarily supported by institutional investors. They seek to form close partnerships with equity sponsors, independent sponsors, business owners and management teams to build growing companies. They invest subordinated debt and equity capital, and seek meaningful equity positions in the companies in which they invest.

Caymus Equity Partners, with offices in Atlanta and New York, is a private equity firm that invests in profitable lower middle market companies with significant growth potential. They focus on industry sectors where they have a track record of investment and operating success. Through their collective experience, they offer a breadth of proprietary knowledge and relationships that enable them to contribute to the success of their investments, beyond just capital investments. Centerfield and Caymus acquired Temp-Con in early 2018.

Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior Vice President Mergers & Acquisitions Luan Ly, successfully closed the deal. Senior Managing Director Joe Van Voorhis established the initial relationship with Cobb Refrigeration.

Mr. Ly stated, “We could not have expected a better outcome for the two groups as it was a perfect match given that, where one party is weak, the other party is strong and vice versa. We can only imagine that the collaboration between the two will create more exciting opportunities for their employees and customers. ”

About Generational Equity

Generational EquityGenerational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.  

The M&A Advisor named the company the 2016, 2017, and 2018 Investment Banking Firm of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.

I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Terry D. Wickman, President, Keytroller
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).
Bil MacLeslie, CEO, ipHouse
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.
Michael J Polarek, President, Paragon Packaging
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.
Michael J Polarek, President, Paragon Packaging
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.
Terry D. Wickman, President, Keytroller
We thank you Eric and Generational Equity making our dream come true.
Larry Moore, Owner, A Company Portable Restrooms
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!
Andy Graham, Vice President, Modern Heating & Plumbing
Generational Equity’s assistance was invaluable in compiling and marketing our business.
Bil MacLeslie, CEO, ipHouse
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.
Pete L.
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.
Bil MacLeslie, CEO, ipHouse
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.
Larry Moore, Owner, A Company Portable Restrooms
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.
Karen S. Williams, CFO, BW Manufacturing
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”
Karen S. Williams, CFO, BW Manufacturing
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.
Andy Graham, Vice President, Modern Heating & Plumbing
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.
Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.
Robert Evans, President and CEO of Mealtracker Dietary Software
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.
Robert Evans, President and CEO of Mealtracker Dietary Software
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.
Jay Dinnison, Owner of Sharpe Mixers
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.
Ralph Noblin, President of Noblin & Associates
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.
Jay Dinnison, Owner of Sharpe Mixers