TAG is a renowned United States-based commercial and industrial refrigeration services company serving grocery and retail customers across North America..
Frémont, California: Backcast Partners Management, LLC (“Backcast”), a provider of debt and equity capital to private equity and non-private private equity firms, recently reported a follow-up investment supporting the acquisition from a Canadian leader in HVACR. service company through its existing holding company, The Arcticom Group (“TAG”). TAG is a renowned United States-based commercial and industrial refrigeration services company serving grocery and retail customers across North America.
TAG bought CT Control Temperature Ltd. and IHM Mechanical Ltd. in Vancouver, British Columbia, as well as CTR Refrigeration & Food Store Equipment Ltd. in Calgary and Edmonton. “The addition of CT, HMI and CTR significantly advances The Arcticom Group as an elite specialty mechanical services company by uniting market leaders in Western Canada with TAG’s existing and loyal customer base in the western and southern United States. These substantial additions give us access to the growing Canadian market with comprehensive design capabilities and a reputation for delivering exceptional customer experiences in all aspects of commercial HVACR installation and service, ”said Jim Pape, CEO of TAG.
Ed Cerny, Managing Partner of Backcast, said of the investment: “Backcast supported TAG in its inaugural acquisition of two major HVACR service providers in Southern California in late 2017. Since then, we have continued to provide capital to support the company’s growth strategy. As a result of these acquisitions, TAG has become a dominant leader in the HVACR industry in all of its major markets and we are proud to have played our part in helping the company achieve this coveted position over the past 3+ years ” .