Source Refrigeration & HVAC of Anaheim, CA, continues its expansion plans, as it announced the acquisition of TP Electrical, White, GA.
Based in White, Georgia, TP is a leading southeast provider of electrical and EMS contracting services to grocery, commercial, industrial, and retail clients across the Southeastern U.S. The acquisition builds on the strength of Source’s platform as the leading independent provider of commercial refrigeration and HVAC services in North America, serving the nation's top supermarket chains, many of the largest convenience store chains, and leading telecom and industrial companies.
The advantages the acquisition brings to Source are clear in that it makes it an even stronger "all in one" refrigeration contracting and service entity.
“We are excited to add TP’s capabilities and strong customer relationships to our growing southeast team, and we welcome TP’s employees and customers to the Source family,” said Bruce Buchholz, Chief Executive Officer of Source. “Expansion in the southeastern United States continues to be an important strategic focus for us,”adds Buchholz. “The TP acquisition allows us to offer our existing southeast customers expanded service and construction-related electrical and EMS capabilities. It also allows us to provide a broader offering for installation jobs with existing and new customers throughout the entire southeast. TP’s expertise coupled with Source’s existing service and installation operations in Florida and Georgia, position us extremely well for continued growth in the broader southeastern market.”
“TP is well established in the southeastern U.S. market for refrigeration and HVAC electrical and EMS services and has provided a long history of quality solutions and service to grocery, commercial, industrial, and retail clients," says Sal Gagliardo, an Operating Partner at Arsenal Capital. "The acquisition of TP strengthens the capabilities of our existing service and installation operations in the southeast and supports our overall strategy of continuing to expand our national footprint while we build an industry-leading independent refrigeration and HVAC company”.
