Backcast Partners provides senior secured debt and preferred shares to fund an acquisition for one of its holding companies


NEW YORK, July 28, 2021 / PRNewswire / – Backcast Partners Management, LLC (“Backcast”), a provider of debt and equity capital to private and private equity capital firms in the middle market, is pleased to announce a recent investment by Follow-up supporting the acquisition of a leading Canadian HVACR services company by its existing holding company, The Arcticom Group (“TAG”). TAG is a leading United States-based commercial and industrial refrigeration services company serving grocery and retail customers in North America (www.thearcticomgroup.com).

TAG acquired CT Control Temperature Ltd. and IHM Mechanical Ltd. Vancouver, BC, and CTR Refrigeration & Food Store Equipment Ltd. Calgary and Edmonton markets. “The addition of CT, HMI and CTR significantly advances the Arcticom Group as an elite specialty mechanical services company by bringing together market leaders in Western Canada with existing and loyal TAG customers in the west and south United States. These substantial additions give us access to the growing Canadian market with full design build capabilities and a reputation for delivering exceptional customer experiences in all aspects of commercial HVACR installation and service, ”said Jim pope, CEO of TAG.

Backcast Managing Partner Ed Cerny said of the investment: “Backcast has supported TAG in its inaugural acquisition of two leading HVACR service providers in the south. California at the end of 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 ” .

CEO Jim pope said “At every step of the way, the Backcast team provided not only the financial capital required to execute our acquisition strategy, but also insightful and meaningful human capital provided by Backcast’s network of operating partners. We value the people and the approach Backcast brings to the table. “

About Backcast Partners

Backcast Partners, with more than $ 750 million of capital invested and / or available for future investment, is uniquely positioned to provide thoughtful and tailored capital solutions across the capital stack to mid-market companies. Formed in 2016 by three former senior Blackstone investment professionals, the Backcast team has supported traditional mid-market companies for decades. Target backcast of investment sizes of $ 10$ 100 million. Backcast investors currently include public and private pensions, insurance companies, foundations, endowments, multi-family offices and high net worth individuals. Backcast, with 11 members in its team, has offices in New York City, Millburn, New Jersey, and Los Angeles, CA.

For more information please contact:

Marc Gudis, Management partner
[email protected]
(973) 512-7487
www.backcastpartners.com

SOURCE Backcast Partners

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