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Launch of Cold Chain Capital, LLC: a private equity firm focused on air conditioning and refrigeration

SYRACUSE, USA, Sept. 18, 2018 (SEND2PRESS NEWSWIRE) — Cold Chain Capital™ LLC (“Cold Chain Capital”), a Fayetteville, N.Y.-based private equity firm, announced its launch today. The company focuses on the heating, ventilation, air conditioning and refrigeration industry (“HVACR”).

Founded by Greg Deldicque, an HVACR industry veteran, and supported by long-time senior advisors, Ken Fox, Mark Cywilko, Jean-Pierre Xiberras, Bertrand Bigay and Brad Hardesty, Cold Chain Capital makes control investments in middle-market HVACR companies with revenues between $50 million and $500 million. Investments span OEM/manufacturing, service/installation and wholesale/distribution. Geographically, it focuses on companies with headquarters in North America, South America and Europe.

Cold Chain Capital’s managing partner and senior advisors have a combined HVACR and investment experience of more than 200 years. Several company leaders have held president positions with leading air conditioning and refrigeration companies, as well as have had tenure at premier investment banks and strategy consulting companies.

“We see exciting private equity opportunities in the air conditioning and refrigeration industries,” Deldicque, says.

There are several reasons why. They include:

  • Macro fundamentals: large industry with GDP+ growth and high fragmentation
  • Margin runway for many participants
  • Industry disruption due to new retail formats, energy efficiency and new refrigerants requirements, as well as new digital/traceability technologies
  • High sustainability impact: global warming and food waste reduction
  • Downside protection: tied to food and pharma, idiosyncratic industry and replacement/aftermarket driven

“Cold Chain Capital’s clear focus on HVACR middle-market companies and operational capabilities provide clear benefits to its portfolio companies, their management teams and potential sellers,” Deldicque adds.

It welcomes investments in companies at all stages of their business cycles, including business growth, transformations, turn-arounds (including negative EBITDA or free cash-flow), carve-outs and roll-ups. Cold Chain Capital has strong values and takes a collaborative and ethical approach to all its investments.

Prior to founding Cold Chain Capital, Greg Deldicque held a variety of executive positions. He was a senior executive with Carrier, a division of United Technologies; a principal with The Boston Consulting Group; a financial analyst at Goldman Sachs International in their Principal Investment Area; and an officer in the French Marines. During his career, he’s completed more than 20 business acquisitions and divestitures. He holds an MBA from the Harvard Business School and a bachelor in business from ESSEC Business School in France.

Cold Chain Capital is already in advanced conversations with several potential acquisitions and welcomes new opportunities.

For more information: https://coldchaincapital.com.

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###MEDIA ONLY CONTACT

Greg Deldicque

of Cold Chain Capital, LLC

+1-860-830-0830

gdeldicque@coldchaincapital.com

FRANCISCO VALLINA

Vice Chairman Enex Industrial

  • Joined ENEX Technologies from EOS Refrigeration in 2023, where he was founder & CEO
  • More than 30 years’ experience in the Refrigeration sector as a managing director and then founder of a leading ammonia refrigeration OEM, generating more than 30% annual growth
  • Launched several innovative products focused on energy efficiency and environmental sustainability
  • Obtained an Engineering degree from UPC – Polytechnic University of Catalonia, Barcelona
FABRICE SEGURA

CEO, Heat Exchangers, Enex Technologies

  • Based in Treviso, Italy
  • Joined Roen Est in 2020 as Chief Operating Officer
  • 20 years’ experience in operations, lean manufacturing, product commercialization and supply chain with Danfoss and Rivacold
  • Earned a degree in Engineering from the University of Saint Etienne in France
LUIS CRESPO BARBER

CEO, Commercial Refrigeration and Enex HVAC

  • Joined Enex Technologies from Carrier, where he was Managing Director, Commercial HVAC Europe
  • More than 20 years’ experience in the HVAC sector leading transformation, with a track record of significantly improving the financial performance of the businesses he leads
  • Earned a degree in Economics Business and Administration at Universidad Complutense
  • Completed programs at the University of Virginia’s Darden School of Business, and IESE Business School
SERGIO GIROTTO

Founder, COO and Honorary President, Enex Srl

  • Earned a Mechanical Engineering degree from Padova University
  • Based in Padernello (TV), Italy
  • Founded Enex Srl in 2004 to design and develop high efficiency refrigeration systems using natural refrigerants with low global warming potential, revolutionizing the industry
  • Authored 16 industry papers including two international peer-reviewed journals
  • Awarded 17 patents for technological innovations that continue to advance the efficient application of CO₂ refrigeration systems in all climates