NorthCoast Announces an Investment in Arctic Industries

By NorthCoast Mezzanine

2/27/2024

NorthCoast Announces an Investment in Arctic Industries

Minneapolis, MN, February 2024 - NorthCoast is pleased to announce a subordinated debt and equity co-investment to support the acquisition of Arctic Industries ("Arctic").Founded in 1981 and headquartered in Miami, FL, Arctic operates through two business groups:

Arctic's walk-in group, serving the foodservice and industrial markets with custom-designed walk-in coolers and freezers.
Store It Cold group, manufacturer of the DIY-centric CoolBot controller, which provides cost-effective cool room solutions to consumers and small businesses.

As one of the premier manufacturers of walk-in coolers and freezers in the United States, Arctic operates factories on both the East and West coasts, enabling the production and delivery of highly customized, mission-critical products for its clientele in the foodservice, healthcare, and industrial sectors.

For more information regarding the transaction and NorthCoast, please contact Stacy Harmsen, Founding Partner, at stacy@northcoastmezz.com.