Georgia-based AeriTek Global Holdings, a commercial refrigeration and foodservice equipment company, recently completed its purchase of Bensalem-based Continental Refrigerator and National Comfort Products (NCP), National Refrigeration & Air Conditioning Products’ two primary brands.
The purchase is part of AeriTek’s strategic growth plan and allows the company to position itself as a leading commercial foodservice refrigeration manufacturer and expands its presence in the U.S. foodservice equipment market.
“This acquisition is exactly the type of transaction we envisioned when we first invested in AeriTek,” Mark Paolano, Mill Point Capital partner, said. “With Continental’s stainless steel kitchen equipment alongside the existing beverage merchandising and display capabilities, AeriTek now offers products that span the full foodservice environment, from front-of-house merchandising to back-of-house kitchen refrigeration and food-processing products. That breadth is unique in our industry and gives customers a single partner for their full equipment needs.”
AeriTek is a portfolio company of Mill Point Capital, a private equity firm focused on investments in lower-middle market companies.
Continental and NCP serves more than 850 customers. Continental designs and manufactures commercial foodservice refrigeration solutions while NCP designs and manufactures thru-the-wall HVAC systems for multifamily residential applications.
Continental’s commercial kitchen equipment portfolio includes reach-in coolers and freezers.