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  Hamilton Robinson's Horizon Bradco Acquires Northeastern Refrigeration

Schenectady, New York, June 1, 2016

Horizon Bradco has acquired Northeastern Refrigeration and Insulation Inc. Based in East Windsor, CT, Northeastern Refrigeration is an established provider of refrigeration and HVAC installation and service to the area's top supermarkets, convenience stores and wholesale and retail food distribution companies.

This strategic acquisition will be integrated into Horizon Bradco's Allied Mechanical Services (AMS) division.  AMS, based in Wallingford, CT, is a leading refrigeration and HVAC installation and service repair company serving most of Southern New England and Eastern New York. The Northeastern refrigeration investment follows other Horizon Bradco acquisitions including Allied Mechanical Services and Burke Food Equipment in 2015 and Foley & Wallace in 2014.

"Northeastern Refrigeration has an excellent reputation for providing high quality refrigeration and HVAC work.  Their highly experienced technicians possess a strong commitment to customer satisfaction.  We look forward to them joining our growing AMS team" said Mark Panozzo, CEO.

"Horizon Bradco has a good track record for acquiring and successfully integrating businesses.  We felt comfortable that they will be a good steward for the business that we built and for our long-term valued employees" said Keith Morin, former owner of Northeastern Refrigeration.  Keith and Frances Morin have owned and managed the business for 26 years and will be retiring following the sale. 

Northeastern Refrigeration operations will move to the AMS Wallingford, CT facility. 

Horizon Bradco is a leading food equipment solutions and service provider to the supermarket, meat processing, bakery and food commissary markets.  Founded in 1987, the company is headquartered in Schenectady, New York with additional office locations in Massachusetts, South Carolina, and Florida.  Allied Mechanical Services is a leading refrigeration, HVAC and energy management provider serving the top supermarket and retail food chains in Southern New England and Eastern New York. 

Hamilton Robinson Capital Partners was founded in 1984 to invest directly in small, privately held manufacturing, distribution and service businesses. The firm has maintained its singular focus on this dynamic market to become a valued resource for equity capital and growth strategies for small businesses. Based in Stamford, CT, the firm has completed over $1.3 billion in transactions supporting 48 companies. Investors include leading financial institutions, funds, family offices, and individuals in the United States and Europe.
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