CCMP Growth Advisors to invest in Innovative Refrigeration Systems.

CCMP Growth Advisors, a private equity investment firm, agreed to invest in Innovative Refrigeration Systems, a manufacturer of industrial refrigeration equipments. Financial terms were not disclosed. “Innovative is an outstanding, high growth business with a talented, dedicated management team, exactly the type of business with which CCMP Growth seeks to partner. From our experience investing in the food production and distribution value chain, we understand how critical uptime and efficiency are to Innovative’s customer base, particularly as regulatory and cost pressures drive the replacement of older capacity. We are excited to partner with Mike McGinnis and the outstanding team at Innovative to support their service and software growth and expansion plans, and look forward to working again with Tom Goeke on the board to support this strategy," Mark McFadden, CCMP Growth Co-Managing Partner.