Wingspire Capital has provided a $39.5 million senior secured credit commitment to CoolSys, a leader in mission-critical HVAC, refrigeration, and energy and carbon reduction solutions for thousands of businesses across the United States.

The commitment is part of a broader $150 million credit facility for CoolSys with a syndicate led by Mizuho  that provides on-going working capital support, extends tenor for three years, and refinances a member of the prior bank group.

CoolSys was founded in 2017, and quickly became a market-leading provider of critical commercial, industrial and essential HVAC and refrigeration systems for grocery stores, restaurants, and other businesses. The Brea, California-based company also provides mechanical, electrical, plumbing, and refrigeration (MEPR) engineering; analytics and monitoring services; in-house maintenance and repair; retrofitting and equipment replacement services; and energy and carbon reduction solutions. 

“We are proud to provide a flexible capital solution to CoolSys, which provides mission-critical components and services to its customers who rely on refrigeration and cooling to support the profit margin drivers of their own businesses,” said David J. Turco, Managing Director at Wingspire Capital.