Australian AC maker buys Coolerado
July 2, 2015
Australian-based air conditioning manufacturer Seeley International has purchased Denver-based AC company Coolerado Corp.
“The addition of Coolerado’s innovative and award-winning products to our portfolio demonstrates our commitment and leadership in providing energy efficient air conditioning products,” said Frank Seeley AM, Seeley International’s founder and executive chairman. “This acquisition establishes a US-based manufacturing facility which is another exciting step in our growth strategy as we look to move closer to our North American customers.”
Coolerado’s indirect evaporative air conditioning products will become a part of Seeley’s portfolio which includes, Breezair, Convair, Coolair, Braemar and Climate Wizard.
“Climate Wizard and Coolerado, which are both award-winning indirect evaporative air conditioning product lines are complementary, offering the best hyper-efficient air conditioning solutions in the world,” said Seeley.
Coolerado CEO Tom Teynor says the company will benefit from Seeley's strong market presence.
“Coolerado’s customers will benefit from Seeley International’s market experience, product line breadth, financial and customer service strength, and its commitment to innovation,” said Teynor.
With the acquisition of Coolerado’s Denver-based manufacturing facility, Seeley International intends to considerably increase its North American operations with a multi-million dollar capital injection designed to increase product availability and customer service, company officials say.