On September 2, 2025, AeriTek Global Holdings LLC, a portfolio company of Mill Point Capital LLC, has acquired Minus Forty QBD Corp. (“Due North”), a prominent manufacturer of commercial refrigeration solutions serving the United States and Canada. This transaction marks a significant milestone in the retail refrigeration sector, combining two complementary businesses with established customer relationships and diverse product portfolios. The integration of Due North’s respected brands, QBD and Minus Forty, enhances AeriTek’s portfolio by expanding its client base, diversifying its offerings, and strengthening its U.S. market presence. The unified company will cater to a wide array of customers across beverage, foodservice, convenience store, and micro-market channels, supported by a comprehensive product range and an expanded North American distribution network. Antony Besso, Executive Chairman of AeriTek and Partner of Operations at Mill Point Capital, emphasized the strategic fit and growth potential of the combination, while Mark Paolano, Partner at Mill Point Capital, highlighted Due North’s strong market position and reputation for quality.

Legal counsel for Mill Point Capital and AeriTek was provided by McDermott Will & Schulte LLP, Blake, Cassels & Graydon LLP, and White & Case LLP.

The transaction value was not disclosed.