Subscribe to the daily news Sign in
En

Source Capital, LLC Acquires M&M Refrigeration, LLC.

<div class="row">
<div class="col-sm-10 col-sm-offset-1">

 Source Capital, LLC, a private equity firm specializing in lower middle-market companies, is pleased to announce the acquisition of M&M Refrigeration, LLC. ("M&M"). M&M is a leading provider of industrial refrigeration equipment and control systems for cold storage, food processing and other industrial applications. The terms of the deal were not disclosed.

</div>
</div>
<div class="row"> <img class="alignnone size-full wp-image-12194" src="https://refindustry.com/wp-content/uploads/2018/05/MM-Refrigeration4.jpg" alt="" width="350" height="179" /></div>
<div></div>
<div class="row">
<div class="col-sm-10 col-sm-offset-1">

Headquartered in <span class="xn-location">Federalsburg, Maryland</span>, M&M designs, builds, manufactures and services industrial refrigeration systems around the world. M&M's product line extends from low-charge configurable modular units to fully customized systems.

CEO <span class="xn-person">Duane Marshall</span> commented, "We will continue to serve our customers and bring cutting-edge products to the industry while honoring the core values that our company was built on. This acquisition represents an exciting time in M&M's history."

"Source Capital is the right partner for this transition. I am pleased to see the company in good hands for the next phase of growth," <span class="xn-person">Dufferin McConnell</span>, founder of M&M Refrigeration, commented regarding the new ownership.

<span class="xn-person">Tom Harbin</span>, Managing Partner at Source Capital, stated, "M&M has established a leadership position in the industrial refrigeration market over its 49-year history. We are thrilled to partner with Duane and the rest of the M&M team and we look forward to growing the business."

</div>
</div>
Share

Related news

Beijer Ref has introduced a CO2-based ice builder developed in New ...
Beijer Ref has introduced a CO2-based ice builder designed and developed in New Zealand, which the company says is the first of its kind in the region. The system is intended for dairy industry app...
03 Jul 2025
Embraco expands into HVAC market with scroll compressor acquisition
Nidec Global Appliance has announced the expansion of its Embraco brand into the heating and air conditioning (HVAC) market through the acquisition of scroll compressor manufacturer Xecom. Th...
yesterday
GEA marks 75 years of refrigeration technology in Germany
GEA Refrigeration Germany has celebrated its 75th anniversary at its Berlin site, bringing together around 1,000 guests, including employees from its locations in Berlin, Schkopau near Halle, a...
today
EU expands state aid rules to support heat pump manufacturing
The EU has recently revised its rules on which sectors are eligible for government funding and how to implement the Clean Industrial Deal. The European Commission has updated its State Aid Fra
04 Jul 2025
LFB Group Launches Redge Brand for EMEA HVAC Market
LFB Group, the company behind the Friga-Bohn refrigeration brand, has announced the launch of Redge, a new brand name for its commercial HVAC operations in Europe, the Middle East, and Africa (EMEA...
03 Jul 2025
ABRAVA, GIZ, and MMA launch “Família Refrigeração” campaign
The Brazilian Association for Refrigeration, Air Conditioning, Ventilation and Heating (ABRAVA), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, and the Ministry of Environm...
04 Jul 2025