Briarcliff Manor, New York – April 8, 2021. Saw Mill Capital Partners II, LP and affiliated private equity investment funds managed by Saw Mill Capital LLC (collectively referred to herein as “Saw Mill”) are pleased to announce the acquisition of Truetemp Northwest, Inc. (“Truetemp”) by Climate Pros, LLC (“Climate Pros”), a Saw Mill portfolio company. Truetemp is a leading provider of commercial refrigeration and HVAC services based in the Pacific Northwest.
“We are excited to combine with Truetemp’s talented team to continue to lead the market in the Pacific Northwest,” stated Todd Ernest, CEO of Climate Pros. “With the addition of Truetemp to the Climate Pros family, we have expanded our service offering and geographic reach, allowing us to better serve our overlapping customer networks.”
“The acquisition of Truetemp represents the eighth acquisition that Climate Pros has completed in partnership with Saw Mill,” added Tim Nelson, Partner at Saw Mill. “Truetemp expands our physical footprint into the State of Washington, increasing our presence on the West Coast and enhancing our national scale.”
Saw Mill is committed to helping its portfolio companies achieve their full growth potential, both organically and through strategic acquisitions. All of Saw Mill’s Fund II portfolio investments, including Climate Pros, are actively seeking acquisitions.
About Climate Pros
Headquartered in Glendale Heights, IL, Climate Pros provides technology-enabled refrigeration and HVAC repair, maintenance, installation and remodeling services to grocery retailers and other cold-chain customers primarily in North America. The Company operates in a highly specialized niche within the broader HVACR market and has established a leading reputation in existing geographies, with over 25 branches across the Midwest, Southeast, Southwest, and West. Climate Pros is actively seeking additional acquisitions. For more information, please contact us at www.climatepros.com.
About Saw Mill Capital
Based in Briarcliff Manor, NY, Saw Mill Capital is a private equity firm that acquires facility and industrial service, specialty distribution and manufacturing businesses with enterprise values of $25 million to $200 million. Since 1997, Saw Mill Capital has been partnering with management teams to help successful businesses reach their full potential. For more information, visit www.sawmillcapital.com.
