Temp-Con Inc., based in Olathe, KS, closed its acquisition of Cobb Refrigeration on Dec. 13, 2019. Financial details were not disclosed.
Cobb Refrigeration is a commercial refrigeration, heating and air conditioning service and installation company.
Temp-Con employs more than 125 people, and was founded in 1989. The Olathe company is a full-service commercial, heating, ventilation, air conditioning and refrigeration contractor that's owned by Centerfield Capital Partners and Caymus Equity Partners. Some of Temp-Con's past projects include a Sprint Corp. warehouse and the Drury Inn in Independence.
Located in Lenexa, Kansas, Cobb Refrigeration is a commercial refrigeration, heating and air conditioning (HVAC-R) service, sales and installation company specializing in laboratory refrigeration and lab equipment services. The company services incubators, centrifuges, cryostat, microtomes, freeze driers and more.
Temp-Con, located in Olathe, Kansas is a full-service commercial, heating, ventilation, air conditioning and refrigeration contractor that is owned by Centerfield Capital Partners and Caymus Equity Partners. Temp-Con has been in business for 30 years and is recognized as a regional leader in the industry.
The Company maintains differentiation through expertise in complex, energy-efficient HVAC-R systems and high-touch service. End-market users of Temp-Con’s services operate in a diverse set of industries, including government, healthcare, restaurants and commercial buildings.
Centerfield Capital Partners
Founded in 1998, and located in Indianapolis, Indiana, Centerfield Capital Partners provides mezzanine and equity financing to lower middle market companies. They manage approximately $500 million of assets in four funds, and are primarily supported by institutional investors. They seek to form close partnerships with equity sponsors, independent sponsors, business owners and management teams to build growing companies. They invest subordinated debt and equity capital, and seek meaningful equity positions in the companies in which they invest.
Caymus Equity Partners
Caymus Equity Partners, with offices in Atlanta and New York, is a private equity firm that invests in profitable lower middle market companies with significant growth potential. They focus on industry sectors where they have a track record of investment and operating success. Through their collective experience, they offer a breadth of proprietary knowledge and relationships that enable them to contribute to the success of their investments, beyond just capital investments. Centerfield and Caymus acquired Temp-Con in early 2018.