How many acquisitions has Master Group made so far?

Master Group has completed 3 acquisitions so far.

List of 3 Acquisitions by Master Group (Apr 2026)

Q: Which is Master Group's latest acquisition?

Master Group's most recent acquisition is Refrigeration Sales, a Supplier of HVAC and refrigeration products, acquired in February 2023.

Master Group has made a total of 3 acquisitions. Peak activity occurred in 2023, 2022, and 2021, with 1 acquisition in each year. These acquisitions span 3 sectors: Electricity Transmission & Distribution Equipment, Wholesalers, and Manufacturing Services, and 2 countries: United States and Canada. Over the last five years (2020–2025), the average number of acquisitions per year has been 0.6, with 0 acquisitions completed in the current calendar year. The most recent acquisition was Refrigeration Sales, a supplier of HVAC and refrigeration products founded in 1998 and located in Valley City. This acquisition took place in February 2023.

Here's the year on year acquisition history of Master Group:

Number of Total Acquisitions

Year	# Acquisitions
2023	1
2022	1
2021	1

View all Acquisitions by Master Group

Recent acquisitions by Master Group

Master Group's most recent acquisition - Refrigeration Sales is a Supplier of HVAC and refrigeration products, founded in 1998 and located in Valley City. Master Group acquired it in February 2023.

Here is the list of all acquisitions by Master Group sorted by the latest acquisition date:

Acquired on	Acquired Company	Acquisition Price	Facilitators	Stake Acquired	Acquisition Multiple
Feb 28, 2023	Refrigeration Sales	Undisclosed	Houlihan Lokey	85	588
Nov 08, 2022	Fortress Group	Undisclosed	-	45	517
Dec 13, 2021	VAD	Undisclosed	Boxwood Partners	24	292

View all Acquisitions by Master Group

Acquisitions by Master Group

List of Master Group's Acquisitions

Recent acquisitions by Master Group

FAQs about Acquisitions by Master Group