COOLSYS ACQUIRES 1GNITE ASSET RECOVERY SOLUTIONS
Second Strategic Acquisition Announced in One Week Brings Sustainable Solutions to CoolSys Customers
BREA, Calif., August 8, 2023 – CoolSys™, the market-leading nationwide provider of sustainable refrigeration, HVAC, energy and engineering solutions, has acquired 1GNITE, an environmentally friendly asset recovery, recommerce and specialized facility services company. In announcing its second acquisition within one week, CoolSys will expand its sustainable solutions to include equipment decommissioning and recommercing while reinforcing its nationwide network and capabilities.
“This latest acquisition reflects CoolSys’ commitment to sustainability and expanding cost-effective solutions for our customers,” commented Rick Frier, Chairman and CEO Interim at CoolSys. “With 1GNITE, we strengthen our capabilities and build on our lifecycle solutions to offer a new sustainable and financially beneficial approach to asset recovery, equipment decommissioning and recommercing.”
Headquartered in Frisco, Texas, 1GNITE provides used asset recovery solutions for mid-sized and large corporations. The company specializes in identifying ways to increase efficiencies, maximize value and transform waste into opportunities and resources for its clients.
“As part of the CoolSys family of companies, we are excited to bring our specialized and unique solutions to new customers and new markets,” commented 1GNITE CEO Brian Dick. “At 1GNITE, we understand the demands and constraints faced by our clients and work to maximize the value of their used assets or surplus inventory while minimizing the cost of facility cleanouts and helping them achieve their ESG goals.”
CoolSys is the market-leading provider of sustainable refrigeration, HVAC, energy and engineering solutions for customers in the grocery, retail, food service, industrial, education, healthcare and government sectors. From engineering, design and installation to service and maintenance and energy optimization, CoolSys businesses cover the entire lifecycle of mission-critical HVAC and refrigeration systems. Headquartered in Southern California, CoolSys has more than 3,200 employees nationwide, serving the daily needs of more than 45,000 customer locations across North America. For additional information, please visit www.coolsys.com.
1GNITE Solutions, LLC provides asset management solutions and specialized facility services to clients across the country. Headquartered in Frisco, Texas, its team of experts act as trusted partners to their clients, providing unmatched cost-efficiency by devising innovative solutions, utilizing the latest technologies, and taking an organized and disciplined approach to its work.
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