Reedy Industries acquired Arctic Engineering out of Merrillville, India. With this acquisition, Reedy Industries expands its services footprint more deeply into India and within its core end markets. The Arctic has conducted hundreds of energy audits and installed energy-efficient retrofit systems for many satisfied customers including schools, hospitals and complex manufacturing facilities.
Bill Mitchell, President, Arctic said: “As I got to know the Reedy team. I realized how similar both of our cultures and businesses are, yet we have areas where we can truly complement one another to offer our combined customer base superior solutions.”
Joe Kirmser, Chief Executive Officer, Reedy Industries said: “Bill and the entire Arctic team are a perfect fit with Reedy. The combination of the Reedy platform and resources with Arctic’s people and capabilities will create significant value and growth potential for vendor partners, employees and customers.”
The Arctic is the sixth acquisition for Reedy Industries since 2019. Over the last three years, Reedy Industries has acquired thirteen mechanical services companies.
Kirmser added: “The fact that both of our companies showed performance and got this deal done during the COVID-19 economic and health crisis is truly amazing. This fact is not lost on any of us and we plan to use it as fuel and motivation to even further grow our combined business.”