Paceline Equity Partners, a Dallas-based private equity manager, completed a $50m investment to Kelso Industries, a provider of installation and maintenance services for heating, ventilation, air conditioning, refrigeration. "We are excited to contribute to the ongoing expansion of Kelso, a dynamic operating company with a compelling business model and multiple avenues for growth, alongside Oxbow and Peterson. Paceline has significant experience investing in building products and construction sectors, and we look forward to bringing our financial and operational resources to bear to help Kelso scale and accelerate its growth," Sam Loughlin, Paceline CEO.