Cold Tech Services provides commercial electrical and refrigeration services, specialising in the maintenance, installation and servicing of refrigeration, HVAC and cold storage systems.
Based in Bristol, the business works with some of the UK’s largest supermarket chains, operating within the food, retail, pharmaceutical and logistics sectors.
It also provides environmentally safe removal and disposal of redundant parts and equipment.
The company has now been acquired by Nene Capital, a long-term investor in small and medium-sized enterprises (SMEs).
Cold Tech Services was supported through the deal by Berkshire-based EvolutionCBS, which worked with the shareholders to prepare the business for sale, negotiated offers and facilitated due diligence.
Steve Barry, senior client director at EvolutionCBS, said: “We’re delighted that our clients have secured the future of the business they worked so hard to create.
“Selling a business is a marathon not a sprint, and special thanks go to all within the Cold Tech Services team along with advisers within Mackrell.Solicitors – Maung Aye and Harriet Jones – for working so effectively together to make this happen.”
Mike Whittle, managing director of EvolutionCBS, added: “This deal is evidence of the appetite in the UK for successful SMEs.
“Solid, well-prepared businesses will always attract interest through our highly proactive service, but finding the right fit between buyer and seller is the essential ingredient.
“We wish our client and the Nene team the very best for their future partnership together.”
The terms of the deal were not disclosed.
