Transaction Overview
- Hennepin represented Gartner Refrigeration Inc. (“Gartner”), a portfolio company of Orion Financial Corporation, Stewart Capital Partners, and Franklin Companies, on its sale to a strategic industry buyer.
- Gartner is a trusted designer, builder, and servicer of industrial refrigeration systems.
- Gartner primarily serves customers in the food production industry.
Drivers of Interest
- 80-year track record of providing industrial refrigeration systems, parts, and maintenance services.
- Design-build model enables direct relationships and negotiations with end-users in lieu of pursuing competitive plan-and-spec bids.
- Engineering-driven business model with deep technical and application expertise supported by one of the industry’s largest in-house engineering staffs.
- Strong focus on maintenance, repair, retrofit, and upgrades, with new construction limited to long-term customers.
- Growing shop-built and prefabrication capabilities, driving improved efficiency, quality, and safety.
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