Southfield Capital, a leading lower middle-market private equity firm, recently announced the acquisition of Dahms Refrigeration Services (DRS) by Kelvin Group, its platform company dedicated to industrial and commercial mechanical services. DRS, headquartered in Norristown, PA, specializes in refrigeration and HVAC systems for various sectors, including food processing and cold storage. The acquisition aims to enhance Kelvin’s service offerings in the Mid-Atlantic region and marks Kelvin’s eleventh acquisition since partnering with Southfield. Key stakeholders heralded the move as a strategic enhancement that brings valuable expertise and growth opportunities. Debt financing was provided by Deerpath Capital Management and Crescent Capital Group, with G2 Capital Advisors serving as the buy-side advisor and Finn, Dixon & Herling offering legal counsel.

Private Equity, Industrial Services, Commercial Services,United States, Mid-Atlantic