Cold Jet announces investment partnership with Seidler Equity

Loveland, OH – Cold Jet announces it has entered into an investment partnership with Seidler Equity Partners and Stonehenge Partners in collaboration with Harris Williams.

“Cold Jet invented modern dry ice technology,” said Gene Cooke III, President & CEO, at Cold Jet. “Our sole focus for 30+ years has been on developing and innovating the most technologically advanced dry ice solutions available. We solve the world’s cleaning and transport cooling problems with products and services that are environmentally sustainable, do not add to the generation of waste streams, and are occupationally safe.”

Cold Jet has two distinct lines of business centered on the use of dry ice. The company provides environmental cleaning, surface preparation, and parts finishing systems to global manufacturing industries. These systems utilize particles of dry ice as a blasting medium.

Secondly, the company produces systems for the production, metering and packaging of dry ice. These systems enable the consistent production of a controlled range of dry ice products for food transportation, cold chain management and dry ice cleaning.

Customers are using Cold Jet’s technology-based solutions to replace outdated processes that are inefficient and harmful to health and safety by putting recycled CO2 to work with a water-free, waste-free, and chemical-free solution.

Cold Jet is headquartered in Loveland, Ohio, USA with international operations in Europe, Asia, Canada and Mexico.

“As the industry leader across a range of dry ice applications, Cold Jet is well-positioned to capitalize on long-term tailwinds across the markets it serves,” said Chuck Walter, a vice president at Harris Williams. “With innovative technologies, a longstanding commitment to ESG and sustainability, and a differentiated employee-centric culture, Cold Jet exemplifies the businesses we strive to represent.”

“Dry ice has long been an essential contributor to the global economy”, said Gene Cooke III. “However, it has taken on a new responsibility in humanity’s fight against COVID-19 over the last few years. The impact of COVID-19 on global health and the global economy has been painful, but Cold Jet is extremely proud to play such a vital part in the distribution process of live-saving vaccines.”

“I’m confident our new partnership with Seidler and Stonehenge, in collaboration with Harris Williams, will help forge an impactful new growth path for Cold Jet in taking on the responsibility for a cleaner, healthier planet,” added Gene Cooke III.

“With its comprehensive portfolio of innovative and highly-specialized equipment, Cold Jet is a vital partner to a diverse and loyal customer base,” said John Arendale, a managing director at Harris Williams. “It was a pleasure working with Gene Cooke, founder and CEO, and the rest of the Cold Jet team, and we are excited to see their next chapter unfold in partnership with Seidler and Stonehenge.”