Rotunda Capital Partners, a private equity firm, has acquired a majority stake in Refrigeration Sales Corporation, a wholesale distributor of heating, ventilation, air conditioning and refrigeration equipment, parts and supplies in Ohio and Western Pennsylvania.
For 100 years, RSC has acted as a critical partner to both suppliers and customers, with a dedication to relentless customer service and best-in-class operations. The Company has grown to 10 locations, out of which it provides residential and commercial contractors with technical support, expert training and the products required to complete any installation, repair or service.
“We are thrilled to partner with Refrigeration Sales Corporation,” said Dan Lipson, partner at Rotunda. “The Company is led by an outstanding management team and its reputation is second to none in the industry. We look forward to helping them continue their product, service, and geographic expansion while upholding the same level of commitment to their customers and vendors.”
“We have come a long way since my great-grandfather started this business in 1921 as Kelvinator Cleveland,” said Warren Farr, CEO at RSC. “We are excited to have found a partner in Rotunda that knows our industry and will continue to build on our tremendous growth. Together, we plan to enter new markets and geographies while staying true to our family culture.”
RSC President Rhonda Wight added, “We are very excited about our new partnership with Rotunda and believe their experience and deep industry knowledge will help us continue to expand and better serve our customers and supplier partners.”
