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Wednesday, May 20, 2026

Coolsys Expands in Southeast

Coolsys, the Brea-based parent of refrigeration and HVAC services companies nationwide, said it acquired Building Air Services. Terms of the deal weren’t disclosed.

Building Air Services, which is based in Pinellas Park, Fla., provides services for commercial air conditioning, heating and refrigeration.

CoolSys said the buy expands its work in Florida, North Carolina, South Carolina, Georgia, Alabama, Mississippi, Louisiana, Texas and Arizona.

“We look forward to serving new customers throughout the Southeast region and expanding our light-commercial division as a result of this strategic acquisition,” Coolsys Chief Executive Adam Coffey said in a statement.

Coolsys was purchased earlier this year by Ares Management Corp of Los Angeles. Coffey told the Business Journal his aim is to build the company by 2023 to about $1.1 billion in annual sales and a $2 billion enterprise value.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.

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