Harris Williams Advises Cold Jet on Its Minority Investment From Seidler Equity Partners and Stonehenge Partners

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Cold Jet, a global leader in innovative dry ice technologies, on its minority investment from Seidler Equity Partners (Seidler) and Stonehenge Partners (Stonehenge). The transaction was led by John Arendale, Chuck Walter and Tom Dunne of the Harris Williams Industrials Group.

“As a leader in dry ice technology, Cold Jet is recognized for its innovative solutions, best-in-class equipment, and top-notch customer services,” said John Arendale, a managing director at Harris Williams. “Cold Jet will be a company to keep an eye on as CEO Gene Cooke continues to be the majority shareholder and lead the business through its next phase of growth with the support of the Seidler and Stonehenge teams.”

“With a broad portfolio and unique capabilities in dry ice technology, Cold Jet delivers comprehensive cleaning and transport cooling solutions that are both effective and sustainable,” said Chuck Walter, a vice president at Harris Williams. “There continues to be strong investor interest for high-quality industrial assets, and we are excited to help deliver this successful outcome for Gene and the Cold Jet team.”

Cold Jet has two distinct lines of business centered around the use of dry ice. The company provides environmental cleaning, surface preparation, and parts finishing systems to global manufacturing industries. These systems utilize particles of dry ice as a blasting medium. Secondly, the company produces systems for the production, metering and packaging of dry ice. These systems enable the consistent production of a controlled range of dry ice products for food transportation, cold chain management and dry ice cleaning. Customers are using Cold Jet’s technology-based solutions to replace outdated processes that are inefficient and harmful to health and safety by putting recycled CO₂ to work with a water-free, waste-free, and chemical-free solution. Cold Jet is headquartered in Loveland, Ohio, with international operations in Europe, Asia, Canada, and Mexico.

Seidler and its affiliates have been investing in market-leading companies since 1992. Seidler aligns with business founders and management teams to achieve long-term growth objectives while preserving company culture. Headquartered in Marina del Rey, California, Seidler also has an office in Sydney, Australia and currently has over $3.5 billion of assets under management.