We are pleased to share that our client, IcyBreeze Cooling (“IcyBreeze”), has sold a minority equity stake to Corbel Capital Partners (“Corbel”). The minority investment closed on December 12, 2022.
Located in Sweetwater, Texas, IcyBreeze is the world's first and only true portable air-conditioning product, and the coldest blowing portable A/C unit that can be plugged into a wall, 12V car adapter, or run on a rechargeable lithium-ion battery, without the need for exhaust venting or condensation drain lines. The product also serves as a high-quality portable cooler.
IcyBreeze is the industry leader in manufacturing and Direct-to-Consumer (D2C) distribution of personal air-conditioning and heat relief solutions. The Company’s products combine portable A/C with an insulated cooler perfect for outdoor enthusiasts of all kinds, including camping, fishing, youth and adult sports, aviation, golf, tennis, boating, outdoor concerts and event venues, parents with infants and toddlers, pet pamperers, and more.
IcyBreeze is used worldwide by some of the largest organizations, including multiple branches of the US Armed Forces, Walt Disney World Resort, and Disneyland. The U.S. Open, Australian Open, Tennis Australia, The University of Oklahoma, Tokyo 2020 Olympics, KISS, AC/DC, Def Leppard, Rascal Flatts, George Straight, and many more have purchased units to cool the biggest name athletes and live entertainment stars and performers.
Corbel Capital Partners is a Los Angeles-based independent investment firm that makes structured debt or equity investments in lower middle market businesses and partners with management to create value. Corbel manages approximately $1 billion of institutional capital on behalf of its network of investors. Corbel supports owners and senior management of businesses with strategic and operational value-added partnership and offers the potential for later monetization events. Corbel's unique experience and expertise in the lower market results in speed and certainty of execution.
“We could not be more excited about partnering with John Brinkman and the IcyBreeze team to help them continue their exponential growth and provide their high-quality functional products to meet the incredible demand that exists in the marketplace,” said Michael H. Jones, Managing Director at Corbel.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, with the support of Vice President, M&A, Lance Thomasson, successfully worked to form the partnership. Senior Managing Director Doug Morrow established the original relationship with IcyBreeze.
"With this minority investment from Corbel, John Brinkman has secured a key institutional partner to help him further professionalize the business and continue to fuel its ongoing meteoric growth in unit sales, top-line revenue, and profitability,” said Goss.
Goss added, “IcyBreeze is about to take summer 2023 by storm and will be the next big household name and coolest consumer product of the year, both literally and figuratively.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Manufacturing & Fabrication M&A Deals page.
The information we learn from customers helps us personalize and continually improve your experience. Here are the types of information we gather.
We receive and store any information you enter on our Web site or give us in any other way. We do not sell or rent your personal information to others without your consent. We use the information we collect only for the purposes sending promotional information, enhancing the operation of our site, serving advertisements, for statistical purposes and to administer our systems. We DO NOT use third parties to provide customer service, to serve site content, to serve the advertisements you see on our site, to conduct surveys, to help administer promotional emails, or to administer drawings or contests, but reserve the right to do so in the future without advance notice.
DealForce, LLC’s affiliates are all part of one corporate family, they work with one another and may work together to provide services to you. The sharing of your information among affiliates enables DealForce to serve you more efficiently and makes it more convenient for you to do business with Generational Group. DealForce is permitted by law to share information with its affiliates. All of our affiliates follow similar privacy policies.
For reasons such as improving personalization of our service, we might receive information about you from other sources and add it to our account information.
Generational Group may license the use of its intellectual property including but not limited to its name, likeness, and logo for the use of affiliated offices. Such affiliated offices may not be owned, controlled, managed, supervised or staffed by employees, officers, or agents of Generational Group. Affiliated offices may be independently owned and operated. For more information about a particular office, please contact Generational Group at its office in Dallas, Texas.
This page may contain other proprietary notices and copyright information, the terms of which must be observed and followed.
Information on this web site may contain technical inaccuracies or typographical errors. Information may be changed or updated without notice. Generational Group may also make improvements and/or changes in the products and/or the programs described in this information at any time without notice.
Generational Group does not want to receive confidential or proprietary information from you through our web site. Please note that any information or material sent to Generational Group will be deemed NOT to be confidential. By sending Generational Group any information or material, you grant Generational Group an unrestricted, irrevocable license to use, reproduce, display, perform, modify, transmit and distribute those materials or information, and you also agree that Generational Group is free to use any ideas, concepts, know-how or techniques that you send us for any purpose.
Our computer system protects personal information using advanced firewall technology.
Information Generational Group publishes on the World Wide Web may contain references or cross references to other products, programs and services that are not announced or available in your country. Such references do not imply that Generational Group intends to announce such products, programs or services in your country. Consult a Generational Group representative for information regarding the products, programs and services which may be available to you.
Generational Group makes no representations whatsoever about any other web site which you may access through this one. When you access a non-Generational Group web site, please understand that it is independent from Generational Group, and that Generational Group has no control over the content on that web site. In addition, a link to a non-Generational Group web site does not mean that Generational Group endorses or accepts any responsibility for the content, or the use, of such web site. It is up to you to take precautions to ensure that whatever you select for your use is free of such items as viruses, worms, Trojan horses and other items of a destructive nature.
IN NO EVENT WILL Generational Group BE LIABLE TO ANY PARTY OR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THIS WEBSITE, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA ON YOUR INFORMATION HANDLING SYSTEM OR OTHERWISE, EVEN IF WE ARE EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
Furthermore, all information contained within this website is the property of Generational Group.
Success, you have been added to our list.
it all started with a conference.
start your story today,
speak directly with one of our senior advisors +1-972-232-1121