private equityreported
Ares Management Corporation
Los Angeles, CA · ~$100B+ AUM
In one paragraph. Ares Management Corporation is a private equity based in Los Angeles, CA managing roughly $100B+ in assets. In Tampa Bay its capital sits behind CoolSys, Inc., which together control 1 local brand.
Why it invests in the trades
Ares backed CoolSys, the national commercial refrigeration and HVAC-R services platform, through an active add-on program. Its October 2019 purchase of Pinellas Park-based Building Air Services was reported as one of a series of CoolSys add-ons closed that year.
Platforms in Tampa Bay (1)
CoolSys, Inc.
Brea, CA · 1 local brands
Local brands ultimately backed by Ares Management Corporation (1)
Building Air Services, Inc.
Owned by CoolSys, Inc. · backed by Ares Management Corporation
Brand retired after sale
Deals
Frequently asked
What does Ares Management Corporation own in Tampa Bay?
Building Air Services, Inc., through CoolSys, Inc..
Is Ares Management Corporation a private-equity firm?
Yes.
How long will Ares Management Corporation hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Reported — credible press
- PE Hub (2019-10-10) — news. Identifies CoolSys as Ares-backed
- PE Professional (2019-10-01) — news. Describes the deal as another Ares/CoolSys add-on
Researcher notes: AUM band is an approximation, not taken from a cited source.
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