We are pleased to share the sale of our client, Panatrol Corporation, to Preston Refrigeration, Co. The transaction closed September 23, 2022.
Located in Burr Ridge, Illinois, Panatrol Corporation (Panatrol) is a controls integrator. Founded in 1979, Panatrol has grown from servicing local customers to designing, building, programming, and shipping systems throughout North America. Panatrol’s staff has experience across several industries and many control platforms, which allows the Company to demonstrate excellence in each project and do so within budget to ensure financial success for the business.
Preston Refrigeration (Preston), located in Kansas City, Missouri, is a full-service industrial refrigeration contractor. For over 75 years, the company has delivered innovative, efficient, and dependable solutions for clients in the meat processing, food & beverage, and cold storage sectors. Today, Preston has grown to employ a team of more than 150 refrigeration specialists, providing self-performed design, build, and maintenance services across the U.S.
Preston is one of the largest industrial refrigeration contractors in the country. The Company’s specialized experience and capabilities enable it to handle challenging projects of any size, location, and complexity.
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, Senior M&A Advisor, Prasad Karcherla, with the support of Vice President, M&A, Madison Buckley, successfully closed the deal. Executive Managing Director, Bill Kushnir, established the original relationship with Panatrol.
“This deal was a perfect strategic fit for both sides and could open a lot of synergistic opportunities for both companies going forward. I wish both Panatrol and Preston Refrigeration the best for the future,” said Karcherla.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Technology, Media & Telecom M&A Deals page.
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