Source Capital-backed M&M acquires Carnot Refrigeration
M&M Refrigeration LLC has acquired Carnot Refrigeration, a Trois-Rivières, Québec-based provider of carbon dioxide (CO2) transcritical systems, for an undisclosed amount. Founded in 2008 by CEO Marc-André Lesmerises, Carnot provides its systems for North American commercial and industrial applications, such as data centres, food processing facilities, cold-storage warehouses, supermarkets and ice rinks. M&M, a Federalsburg, Maryland-based maker of industrial refrigeration systems, said the deal creates a global "leader in CO2-based refrigeration." M&M was acquired last year by U.S. mid-market private equity firm Source Capital.
22 July 2019•2 mins read
