Seeley International acquires Coolerado
Seeley International acquired the business of Coolerado Corporation, a Denver-based manufacturer of air conditioning systems for commercial, industrial, government, and military use.
“The addition of Coolerado’s innovative and award-winning products to our portfolio demonstrates our commitment and leadership in providing energy efficient air conditioning products,” said Frank Seeley, Seeley International’s founder and executive chairman. “This acquisition establishes a U.S.-based manufacturing facility which is another exciting step in our growth strategy as we look to move closer to our North American customers.”
Coolerado’s indirect evaporative air conditioning products will become a part of Seeley’s portfolio that includes the brands Breezair, Convair, Coolair, Braemar, and Climate Wizard.
“Climate Wizard and Coolerado, which are both award-winning indirect evaporative air conditioning product lines are complementary, offering the best hyper-efficient air conditioning solutions in the world,” said Seeley.
“Coolerado’s customers will benefit from Seeley International’s market experience, product line breadth, financial and customer service strength, and its commitment to innovation,” said Tom Teynor, Coolerado’s chief executive officer.
With the acquisition of Coolerado’s Denver-based manufacturing facility, Seeley International intends to considerably increase its North American operations with a multi-million dollar capital injection designed to increase product availability and customer service.