Due North Joins The AeriTek Family, Strengthening Its Position In The Commercial Refrigeration Industry

TORONTO, CANADA – (September 02, 2025) – Due North is proud to announce that it has officially joined the AeriTek Global Holdings LLC (“AeriTek”) family, a global refrigeration leader owned by Mill Point Capital LLC and home to trusted brands including Imbera and Torrey. This acquisition represents a pivotal milestone for Due North, positioning the company for a sustainable, scalable, and high-performance future in the commercial refrigeration sector.

Four Brands, One Corporate Family

By joining forces with AeriTek, Due North is now part of a powerhouse corporate family with four dynamic brands, each bringing its own proven strengths to the industry.

• Minus Forty: Known for its cutting-edge technology, Minus Forty offers the most technically advanced retail refrigerated merchandisers on the market, delivering freezers and coolers with industry-leading temperature stability, reliability, and food safety, all while focusing on energy efficiency and sustainability.
• QBD: Durable and dependable beverage and food coolers, QBD is known for providing cost-effective performance in demanding retail environments, ensuring both reliability and value.
• Imbera: A global leader in retail refrigeration, Imbera is trusted by top beverage and food brands for its scalable, energy-efficient display solutions that cater to diverse commercial needs.
• Torrey: Specialists in commercial foodservice equipment, Torrey offers a wide range of refrigeration, scales, and food preparation systems widely used in kitchens and back-of-house operations.

Together, these brands represent one of the most comprehensive portfolios in the commercial refrigeration industry. Aligned under one corporate family, the brands now benefit from shared innovation, resilient supply chains, and a steadfast commitment to customer support.

What This Means for Due North Customers

At Due North, our commitment to our customers remains unchanged. Here’s what they can expect moving forward:

• Customers will continue to work with the trusted Due North team they know and rely on today.
• There are no immediate changes to the way we do business together.
• Customers can feel confident knowing that their solutions are backed by a corporate family dedicated to delivering sustainable, scalable, and high-performance refrigeration and foodservice technologies.

“This partnership marks an exciting new chapter for Due North,” said Troy Shannan, CEO at Due North. “While nothing changes in how we serve our customers today, joining the AeriTek family strengthens our foundation for the future. As we work more closely with our brand partners, we are committed to sharing new opportunities and innovations that bring even greater value to our customers’ businesses. We deeply appreciate their continued trust and look forward to reimagining retail refrigeration, together.”

About Due North

Due North creates refrigerated, retail merchandising solutions that maximize our customers’ success. We are North America’s #1 manufacturer of self-contained retail refrigerated merchandisers through our Minus Forty and QBD brands. Our merchandisers better equip retailers of wide-ranging products including beverages, ice cream, frozen desserts, fresh & prepared foods, frozen foods, deli, produce, and pharma.

About Mill Point Capital LLC

Mill Point Capital LLC is a private equity firm focused on control investments in middle market companies across the Business Services, Industrials and IT Services sectors throughout North America. Mill Point’s experienced team of investment professionals, Executive Partners and Functional Experts seeks portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.