Horizon Bradco Turns a Triple Play for Hamilton Robinson
July 1, 2015 – Wallingford, CT.
What has occurred approximately 5 times/year since 1876? - Major League baseball has turned 698 triple plays.
Horizon Bradco, a portfolio company of Hamilton Robinson Capital Partners, has turned their own triple play with the acquisition of New England based Allied Mechanical Services, LLC (AMS). The investment follows other recent acquisitions including Burke Food Equipment in South Carolina last month and Foley & Wallace in Massachusetts in January 2014. Based in Wallingford, CT, AMS is a leading provider of refrigeration and HVAC installation, repair services and maintenance contracts to the area's top supermarkets and retail food chains.
This strategic acquisition adds approximately 35 licensed refrigeration mechanics covering most of Southern New England and Eastern New York to the team of more than 70 food equipment technicians employed by Horizon Bradco. In addition to adding commercial refrigeration solutions to its suite of services, the acquisition also provides Horizon Bradco with a physical location in the state of Connecticut.
"AMS has built a solid reputation in southern New England providing refrigeration & HVAC service solutions to the supermarket industry since 1980. With a shared commitment to providing outstanding installation, service, and maintenance we are confident that the business combination will deliver greater value to our customers in the Northeast and beyond," said Mark Panozzo, CEO of Horizon Bradco.
"We are excited to be joining the Horizon Bradco team. We share a similar philosophy of partnering with our customers to provide comprehensive service solutions. We are confident that existing and prospective customers will recognize the benefits brought about by combining our resources and talent," said Ralph Acquarulo, General Manager of AMS.
"The combination of Horizon and AMS validates our investment thesis of delivering value to our customers and shareholders through strategic acquisitions. We will continue to pursue acquisitions in complementary geographies and service offerings to better aid our customers' growth," added Chris Lund, HRCP Partner and Chairman of Horizon Bradco.
ABOUT HORIZON BRADCO
Horizon Bradco is a leading food equipment solutions and service provider to the supermarket, meat processing and bakery markets. Founded in 1987, the company is headquartered in Schenectady, NY with additional office locations in Massachusetts, North Carolina and Florida. The company provides its automation-focused equipment solutions to the retail, wholesale and industrial food service markets.
ABOUT HAMILTON ROBINSON
Hamilton Robinson Capital Partners was founded in 1984 to invest directly in small, privately held manufacturing, distribution and service businesses. The firm has maintained its singular focus on this dynamic market to become a valued resource for equity capital and growth strategies for small businesses. Based in Stamford, CT, the firm has completed over $1.3 billion in transactions supporting 43 companies. Investors include leading financial institutions, funds, family offices, and individuals in the United States and Europe.