Generational Equity Advises Panatrol in its Sale to Preston Refrigeration

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Panatrol Corporation, to Preston Refrigeration, Co. The transaction closed September 23, 2022. 

Located in Burr Ridge, Illinois, Panatrol Corporation (Panatrol) is a controls integrator. Founded in 1979, Panatrol has grown from servicing local customers to designing, building, programming, and shipping systems throughout North America. Panatrol’s staff has experience across several industries and many control platforms, which allows the Company to demonstrate excellence in each project and do so within budget to ensure financial success for the business.

Preston Refrigeration (Preston), located in Kansas City, Missouri, is a full-service industrial refrigeration contractor. For over 75 years, the company has delivered innovative, efficient, and dependable solutions for clients in the meat processing, food & beverage, and cold storage sectors. Today, Preston has grown to employ a team of more than 150 refrigeration specialists, providing self-performed design, build, and maintenance services across the U.S.

Preston is one of the largest industrial refrigeration contractors in the country. The Company’s specialized experience and capabilities enable it to handle challenging projects of any size, location, and complexity.

Generational Equity Executive Managing Director of M&A – Central Region,  Michael Goss, Senior M&A Advisor, Prasad Karcherla, with the support of Vice President, M&A, Madison Buckley, successfully closed the deal. Executive Managing Director,  Bill Kushnir, established the original relationship with Panatrol.

“This deal was a perfect strategic fit for both sides and could open a lot of synergistic opportunities for both companies going forward. I wish both Panatrol and Preston Refrigeration the best for the future,” said Karcherla.

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit