News

MAULDIN, SC – April 3, 2025 – Stream Realty Partners’ National Program Management (NPM) team has successfully led a significant cold storage infrastructure upgrade and roof replacement at a 225,000-square-foot distribution facility in Mauldin, South Carolina, leased by ADUSA, one of the nation’s leading grocery retail distribution networks. The project modernized the facility’s refrigeration system, transitioning from an aging R22 system to a modernized ammonia package skid system, ensuring enhanced efficiency, sustainability, and long-term operational resilience.

Stream played an integral role in the evaluation, procurement, and implementation of the new refrigeration system, leveraging its deep industry expertise and relationships with best-in-class partners to drive value for the facility. By securing energy efficiency tax credits and grants, ADUSA was able to fund the critical upgrades while meeting the highest industry standards for food safety and operational performance.

“Selecting the right refrigerant solution is one of the most critical decisions in cold storage facility management,” said Bill Moultrie, Vice President and Cold Storage Lead at Stream. “This upgrade not only improves sustainability and compliance but also enhances long-term cost efficiency, making it a strategic investment in the future of temperature-controlled logistics.”

Refrigeration Design and Service (RD&S) served as the design-builder for the project, playing a crucial role in ensuring the seamless integration of the new refrigeration system while keeping the original system operational throughout construction. “RD&S has been an outstanding partner, demonstrating an unwavering commitment to safety, quality, and operational excellence,” added Moultrie. “Their expertise and collaboration were instrumental in executing a complex phased installation without disrupting ongoing distribution operations.”

Beyond the refrigeration system overhaul, Stream’s NPM team provided due diligence and program management services to ensure seamless execution. From early budgeting validation to system design review and vendor coordination, Stream safeguarded the owner’s investment while aligning project outcomes with ADUSA’s operational needs. The successful completion of this project reinforces Stream’s position as a trusted leader in delivering high-performance industrial and cold storage solutions.

About Stream Realty Partners

Stream Realty Partners is a national commercial real estate firm offering an integrated platform of leasing, investment and development services. This includes tenant and landlord representation, Legendary CX property management, capital markets, investment management and sales, construction, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas with operations in core markets coast to coast. Since 1996, Stream has grown to more than 1,550 professionals and now completes annual transactions valued at more than $8.9 billion in office, industrial, retail, healthcare, land, and data center properties. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, X and Facebook.

Strategic acquisition marks a significant milestone in RD&S’s growth trajectory, significantly expanding its geographic footprint within the Southeast and Great Lakes region as well as enhancing its commercial refrigeration service offerings

WILMINGTON, Mass, June 4, 2024 /PRNewswire-PRWeb/ — Kelvin Group, and Southfield Capital, a premier lower market private equity firm, announced today that Refrigeration Design and Service, (“RD&S”) an industrial and commercial mission critical mechanical services company headquartered in Fairless Hills, PA., has completed the acquisition of GMS Services, LLC (“GMS”), a commercial refrigeration and HVAC services provider headquartered in Charleston, SC. This acquisition marks a significant milestone in RD&S’s growth trajectory, significantly expanding its geographic footprint within the Southeast and Great Lakes region as well as enhancing its commercial refrigeration service offerings. Terms of the transaction were not disclosed.

With a wide range of service capabilities, GMS’s solutions offer optimized tailored cooling systems for supermarkets, and other commercial needs. GMS’s commitment to excellence provides refrigeration solutions that ensure efficiency and reliability for large and mid-sized supermarkets, food storage areas, walk/reach-in systems, ice machines and process cooling. Their solutions for commercial HVAC/R include dehumidification, central systems, underfloor systems, and indoor air quality.

“Integrating GMS’s services into our operations is a significant step forward in our growth strategy. It allows us to enhance our service offerings in the commercial space and provide a more robust solution to our clients across the full span of our regions.” said Bil Sauer, President at RD&S. “We’re excited to expand to meet the needs of industries relying on our commercial refrigeration systems.”

“With the acquisition of GMS Services, we’re expanding our offerings in the Mid-Atlantic and Southeast markets and providing a larger scope of services for our valued customers,” said Harry Gray, CEO of Kelvin Group. “The collaboration between RD&S and GMS promises efficient and reliable solutions of commercial and industrial HVAC/R systems, specifically in the supermarket sector.”

“We’re thrilled to announce our new partnership with RD&S and Kelvin Group. This collaboration heralds a period of dynamic growth and innovation, marking a significant milestone for us.” said David Moran, President and former owner of GMS. “By combining our experience with the expertise of RD&S and Kelvin Group, we’re poised to deliver enhanced value to our clients. Moreover, by joining the Kelvin Group family, we are now positioned to provide extensive benefits and professional development opportunities for our associates. Our team is energized by the endless possibilities this acquisition brings.”

About GMS Services, LLC
GMS Services, LLC was established in South Carolina to provide primarily commercial and industrial refrigeration services for the supermarket. Today, GMS Services LLC has locations in South Carolina, North Carolina, Georgia, Florida, and Ohio. With a team of experienced professionals with EPA, Novar, CPC, Danfoss, and other equipment and tool certifications, GMS provides a full range of maintenance, rebuild and repair services covering all areas of refrigeration.

About Kelvin Group
Kelvin Group is a national leader in the field of industrial and commercial mission-critical mechanical services, process safety management, environmental compliance and non-destructive testing. Its turnkey solutions provide design/installation, service and planned maintenance and testing and compliance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, Kelvin Group assists business owners achieve mandated health, safety, environmental and regulatory compliance standards.

For more information, please visit www.kelvin.cool.

About Southfield Capital
Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the outsourced business services sector. The firm targets companies with $4 – 15 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies.

For more information, please visit www.southfieldcapital.com.

Media Contact
Bill McCue, McCuenications PR, 1 7182087391, bill.mccue@gmail.com, McCuenications PR
SOURCE Kelvin Group

WILMINGTON, Mass., May 2, 2024 /PRNewswire-PRWeb/ — Southfield Capital, a premier lower middle market private equity firm, and Kelvin Group, announced today that Refrigeration Design and Service, (“RD&S” or the “Company”) a commercial and industrial mission critical mechanical services company and design/build provider headquartered in Fairless Hills, PA., has completed the acquisition of Dahms Refrigeration Services (“DRS”), a contracting firm in Norristown, PA specializing in the sales, service and maintenance of industrial and commercial refrigeration facilities.

With a wide range of service capabilities, DRS focuses on providing plant service and ongoing maintenance to engine rooms and plant equipment across various sectors, including cold storage warehouses, milk & cheese processing, meat packing, food preparation, dairy product production, poultry services, and frozen food production. In addition, DRS offers custom refrigeration and HVAC systems for manufacturing and production facilities.

“We’re excited to welcome the team at Dahms Refrigeration Services to RD&S,” said Bil Sauer, President at RD&S. “Their expertise in providing refrigeration solutions perfectly aligns with our mission to deliver unparalleled service excellence to our customers. We look forward to expanding our reach and enhancing our capabilities to better serve the diverse needs of industries relying on mission-critical refrigeration systems.”

“With the acquisition of Dahms, we’re enhancing our service offerings in the Mid-Atlantic market and reinforcing our position as a leader in the industry,” said Harry Gray, CEO of Kelvin Group. “The addition of their skilled employees brings valuable knowledge to the RD&S team, positioning us for even greater success in meeting the evolving needs of our customers.”

“This partnership not only marks a new chapter for our team but also opens up exciting opportunities for growth and innovation,” said Dan Dahms, President and former owner of DRS. “By leveraging our years of experience alongside the resources and expertise of RD&S and Kelvin Group, we will now provide even greater value to our clients. I am incredibly excited about the promising future ahead as we embark on this journey together.”

About RD&S
Refrigeration Design & Service, LLC (RD&S) is a leading industrial and commercial refrigeration contracting firm headquartered in metropolitan Philadelphia. RD&S is a leading manufacturer specializing in the fabrication and assembly of components, skid-mounted refrigeration systems, and control systems, with meticulous production of UL-inspected control panels and MCCs. These products are all carefully crafted and subsequently dispatched to facilities spanning the United States. In addition to construction and fabrication, RD&S provides a full range of maintenance, rebuild and repair services covering all areas of refrigeration.

About Kelvin Group
Kelvin Group is a leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation and ongoing service and preventative maintenance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries.

Media Contact
Bill McCue, Kelvin Group, 1 7182087391, bill.mccue@gmail.com, kelvin.cool
SOURCE: Kelvin Group

On Sunday, one of the younger members of the RD&S family got to attend his FIRST Eagles game ever! Here, he is pictured soaking up the excitement with his father Frank Fonnotto, a Lead Service Technician and Werner Paulus, the Vice President of Marketing. Go Eagles!