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Arctic Glacier Premium Ice Acquires Massachusetts Brookline Ice Company

Feb 24, 2022•almost 4 years ago

Acquiring Company

Arctic Glacier

Acquired Company

Brookline Ice

Philadelphia

Description

Arctic Glacier, LLC, a leading provider of premium ice products and related services, announces the acquisition of the bulk ice manufacturing, dry ice, and distribution business of Brookline Ice Company of Boston, MA. This transaction further builds on the packaged ice company’s capability to serve customers across North America.

Company Information

Company

Arctic Glacier

Location

Philadelphia, Pennsylvania, United States

About

Arctic Glacier is North America’s leading manufacturer and direct-to-store distributor (DSD) of premium quality packaged ice, ice equipment and related services. Since its start in 1882, Arctic Glacier has grown significantly through strategic acquisitions and organically. Today, as the largest producer of packaged ice in Canada and one of the two largest within the United States, Arctic Glacier proudly serves over 75,000 retail, commercial and industrial customers. Arctic Glacier currently operates 50 production and 60 distribution facilities across North America. Arctic Glacier was acquired by the Carlyle Group in 2017 and is well financed and strongly positioned in Carlyle’s Core Infrastructure Fund. Arctic Glacier has career opportunities in Distribution for CDL Drivers, in Production, Manufacturing, as well as Management positions. Please visit our career webpage at CareerAG.com for more information. #arcticglaciercareers #arcticglacierCDLjobs #rewardingwork #strongvalues

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed