Reedy Industries Acquires Merrillville, Indiana’s Arctic Engineering
Reedy Industries has acquired Arctic Engineering out of Merrillville, Indiana. With this acquisition, Reedy Industries expands their services footprint more deeply into Indiana and within their core end markets.
“As I got to know the Reedy team, I realized how similar both of our cultures and businesses really are,” says Bill Mitchell, President of Arctic, “yet we have areas where we can truly complement one another to offer our combined customer base superior solutions.”
“Bill and the entire Arctic team are a perfect fit with Reedy,” says Joe Kirmser, Chief Executive Officer of Reedy Industries. “The combination of the Reedy platform and resources with Arctic’s people and capabilities will create significant value and growth potential for vendor partners, employees and customers.”
Arctic is the sixth acquisition for Reedy Industries since 2019. Over the last three years, Reedy Industries has acquired thirteen mechanical services companies.
“The fact that both of our companies showed performance and got this deal done during the COVID-19 economic and health crisis is truly amazing. This fact is not lost on any of us and we plan to use it as fuel and motivation to even further grow our combined business,” Kirmser added.
With the acquisition complete, Mitchell will stay on with Arctic in his current role as President. “I love doing what I do, and I am excited for the future as a part of the Reedy family,” says Mitchell. “It’s great to know that our employees and customers will be able to take advantage of a larger platform and more resources without sacrificing the culture and secret sauce that has made us who we are. Reedy has a proven history of acquiring businesses and adding value in key growth areas while preserving the customs and uniqueness of the original business.”
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