Ares Management Corporation’s Acquisition of Coolsys

Proskauer Rose LLP acted as legal advisor to Ares Management. Lincoln International acted as a financial advisor, and Kirkland & Ellis LLP acted as legal advisor to CoolSys. Vinson & Elkins advised the management team of Coolsys Inc.

Ares Management Corporation (NYSE:ARES) has acquired CoolSys, Inc. (“CoolSys”), the leading refrigeration and HVAC services company, from Audax Private Equity. Terms of the transaction were not disclosed.

Based in Brea, California, CoolSys provides a full spectrum of refrigeration and HVAC services and solutions to customers in the retail, food service, commercial and industrial market segments. CoolSys and its operating businesses cover every stage of mission-critical systems through engineering and design, installation, service and maintenance, and energy optimization. Since its founding in 2001, CoolSys has grown to employ more than 2,000 individuals who serve more than 4,000 customers across North America.

Vinson & Elkins advised the management team of Coolsys Inc. with a team including Brittany Sakowitz (Picture). Also advising were partner Joe Garcia; partner Sean Becker and senior associate Christie Alcalá; and partner Stephen Jacobson and senior associate Kristy Fields.

Involved fees earner: Christie Alcalá – Vinson & Elkins LLP; Sean Becker – Vinson & Elkins LLP; Kristy Fields – Vinson & Elkins LLP; Joe Garcia Jr. – Vinson & Elkins LLP; Stephen Jacobson – Vinson & Elkins LLP; Brittany Sakowitz – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Adam Coffey;


Author: Ambrogio Visconti