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CoolSys Buys NJ Firm

CoolSys, a Brea-based refrigeration and heating company, bought Energy Squared LLC, a consulting engineering firm providing electrical and refrigeration engineering analysis and design for buildings. Terms were undisclosed.

Energy Squared, based in Princeton, N.J., has 100 engineers who’ll help CoolSys become involved “at the inception point of projects in existing and new verticals,” said Chief Executive Adam Coffey said in a statement.

CoolSys has more than 1,400 service and installation and service technicians for heating and cooling systems.

In May, it bought Axiom Energy Solutions of Savannah, Ga.

CoolSys has a goal of reaching $1 billion in annual revenue in five years, Coffey told the Business Journal this year. The company reported $240 million in annual sales in 2016 and is aiming for $450 million this year.

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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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