KODA Enterprises Group announced today the acquisition of American Cooling Technology, Inc. (ACT) a leading manufacturer and supplier of air conditioning systems for bus and other specialty vehicles. ACT is headquartered in York, PA.
Messrs. James Schreiber and J. R. Lucas, the former owners of ACT as well as all of the employees of ACT will join the KODA team and the facility in York will remain as the primary office and manufacturing site.
According to J. R. Lucas, “teaming with KODA will allow ACT to continue and improve upon its leadership position in our markets. Both James and I are excited and look forward to our new roles with KODA.”
ProAir, LLC, an existing KODA portfolio company also has a strong presence in supplying heating and cooling systems to the specialty vehicle markets and while the companies will remain separate entities, there will be significant synergies in combining forces with ACT. Mr. Dennis Mitchell, President of ProAir said, “We have watched and admired ACT in our markets and I feel that this combination will strongly benefit both companies and will be great for our combined customers.”
KODA Enterprises Group, located in Lexington, MA is a middle market private investment firm that concentrates on companies in niche markets that have the potential to benefit by the financial strength and expertise KODA provides to its portfolio companies.
For further information contact: James Peden, Chief Operating Officer KODA Enterprises Group 423-756-8891 firstname.lastname@example.org