Mill Point Capital-backed AeriTek completed the acquisition of Due North from Ronin.

Mill Point Capital-backed AeriTek, a commercial refrigeration and foodservice equipment manufacturer, completed the acquisition of Due North, a manufacturer of commercial refrigeration solutions, from Ronin, a private equity firm. Financial terms were not disclosed. “This transaction brings together four of the most respected brands in the refrigeration industry, AeriTek’s Imbera and Torrey with Due North’s QBD and Minus Forty to create a diversified refrigerated display powerhouse. Our planned continuation vehicle allows us to cash out investors at an attractive valuation four years after creating Due North, while offering investors an opportunity to be part of the strong return potential of this much expanded group," David Feierstein, Ronin Managing Partner.