Chicago-based private equity firm Kinzie Capital Partners has acquired Arctic Industries, a US manufacturer and distributor of temperature control and cold storage solutions, from Colorado-based private equity firm Stoic Holdings.
Arctic was founded in 1981 and operates two business groups: its walk-in group, which serves the foodservice and industrial markets with custom walk-in coolers and freezers; and its Store It Cold group, which manufactures its patented CoolBot products.
