January 31, 2018 – Bravaldo Capital Advisors, Inc. (“BCA”) is pleased to announce that BITZER US, Inc., a Flowery Branch, Georgia based leading manufacturer of compressors, condensers, and pressure vessels for refrigeration and air conditioning applications, completed the successful acquisition of VaCom Technologies, Inc. (“VaCom”), a La Verne, California based industry leader in refrigeration technology, energy performance and control systems for refrigeration systems. BCA sourced the acquisition, served as advisors to BITZER, and provided transaction advice through closing.
Peter Narreau, BITZER US President, stated “we have been working with BCA for more than four years, and BCA assisted us in sourcing, structuring, and acquiring VaCom. This acquisition will enhance BITZER’s capabilities in North America by offering a fully-integrated refrigeration system with equipment and controls. Furthermore, VaCom will expand our West Coast presence, and provide an opportunity to replicate these capabilities across the country.” Matt Lish, Business Development Director, added “over the course of several years, BCA sourced multiple refrigeration controls opportunities for BITZER. Together, we were able to push through typical closing issues in record time, meeting our aggressive acquisition timeline for this project. VaCom represents our second acquisition that expands our capabilities in industrial controls and energy management.”
Don Bravaldo, President of Bravaldo Capital Advisors, added “By acquiring VaCom, BITZER has brought into the fold a great complement to our client’s existing capabilities. Our team worked tirelessly to ensure BITZER’s first acquisition in the refrigeration systems controls industry provided the technology and service capabilities our client was seeking.”
BITZER US, Inc. (www.bitzer.de/us/us) is a subsidiary of the BITZER Group of 45 companies since 1989, and is located in Flowery Branch, GA. BITZER, founded in 1934 and headquartered in Sindelfingen, Germany, is the world’s largest independent manufacturer of air conditioning and refrigeration compressors with sales companies and productions sites for compressors, condensers, and pressure vessels all over the globe.
VaCom Technologies (www.vacomtech.com) Formed in 1992, VaCom is a La Verne, CA industry leading provider of energy efficiency and industrial refrigeration expertise to utilities and industrial end-users. VaCom designs, fabricates, and installs customized control panels for commercial and industrial applications, as well as provides consulting services for utilities and commercial establishments that use refrigeration equipment.