Arsenal Acquires Source Refigeration

Arsenal Capital Partners has acquired Source Refrigeration & HAVAC Inc. from Valor Equity Management and Denargo Capital. No financial terms were disclosed. Source is an Anaheim, Calif.-based provider of commercial refrigeration services in < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />North America, serving customers in 12 contiguous Western states. Company management will retain an ownership position, while leverage financing was provided by Dymas Capital Management and Audax Mezzanine. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />