Ron's Refrigeration & Air Conditioning, Inc.
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Ron's Refrigeration & Air Conditioning, Inc. - overview
Established
1973
Location
Wisconsin Rapids, WI, US
Primary Industry
Power & Utilities
About
Ron's Refrigeration & Air Conditioning, Inc. offers expert services in refrigeration, heating, air conditioning, and electrical solutions, catering to both residential and commercial clients in Central Wisconsin. Founded in 1973 by Bonnie Mancl and Ronald Mancl in Wisconsin Rapids, US, Ron's Refrigeration & Air Conditioning, Inc. provides climate control solutions.
The company has maintained its core focus on HVAC and electrical services without known significant pivots in business strategy and operates independently without subsidiaries. In September 2018, the company was acquired by CoolSys, Inc. , a portfolio company of Audax Private Equity, although financial terms were not disclosed. Ron's Refrigeration & Air Conditioning, Inc.
specializes in comprehensive solutions in refrigeration, heating, air conditioning, and electrical services. Their offerings cater to the climate control needs of residential and commercial clients across Central Wisconsin, specifically in Wisconsin Rapids, Plover, and Stevens Point. Emphasizing timely maintenance and efficient repairs, the company provides 24-hour on-call services for emergencies. With over 40 years of experience, their professionally trained technicians manage a wide range of systems from residential units to larger commercial installations, serving local homeowners, businesses, and various industries reliant on effective temperature control.
Ron's Refrigeration generates revenue through direct service contracts and project-based engagements, primarily structured as service agreements for maintenance, repair, and installation tailored to client needs. Clients receive free estimates, ensuring transparent pricing before service engagement. Transactions generally involve single-service calls or comprehensive contracts for ongoing maintenance, focusing on essential HVAC systems and electrical work critical for operational efficiency and comfort, thus supporting financial performance and client retention. As of September 2018, following its acquisition, Ron's Refrigeration & Air Conditioning, Inc.
aims to enhance its service offerings and expand its market reach. Although specific upcoming products or services have not been detailed, the firm is likely to leverage its new ownership to explore opportunities for growth in additional geographic regions and markets. Funding from the recent acquisition may be utilized to support these strategic initiatives.
Current Investors
CoolSys
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services
Website
www.ronsrefrigeration.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Ron's Refrigeration & Air Conditioning, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Ron's Refrigeration & Air Conditioning, Inc. | - |
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