Industrial Refrigeration Pros Expands Platform into Canada, Acquiring Prairie HVAC/R & Electrical Services
Briarcliff Manor, NY – September 8, 2026. Saw Mill Capital CV, LP and affiliated private equity investment funds managed by Saw Mill Capital LLC (collectively referred to herein as “Saw Mill”) are pleased to announce the acquisition of Prairie HVACR, Inc. (“Prairie” or the “Company”) by Industrial Refrigeration Pros (“IR Pros”), a Saw Mill portfolio company.
Headquartered in Winnipeg, Manitoba, Prairie is a leading industrial and commercial refrigeration contractor serving food and beverage processors, recreation facilities, and energy customers across Manitoba and Western Ontario. Founded in 2005, Prairie designs, installs, and services refrigeration and HVAC systems, including specialized skid-mounted ice-plant systems for arenas. Prairie is IR Pros’ first Canadian operating company and will continue to operate under its existing brand, with founder Albert Steinbach continuing to lead the business as President.
“Prairie is a natural fit with IR Pros – a service-focused refrigeration contractor with an exceptional team and deep customer relationships,” said Curtis Czemeres, CEO of IR Pros. “A presence in Canada allows us to serve multinational customers on both sides of the border, with a strong foundation for growth under Albert’s leadership.”
Tim Nelson, a Partner at Saw Mill, remarked, “Prairie meaningfully expands IR Pros’ addressable market and opens a new avenue for growth and future acquisitions in Canada. We are excited to support Albert and the Prairie team in this next chapter.”
Saw Mill is committed to helping its portfolio companies achieve their full growth potential, both organically and through strategic acquisitions. All of Saw Mill’s unrealized portfolio investments, including IR Pros, are actively seeking acquisitions.
ABOUT IR PROS
Industrial Refrigeration Pros is a full-service industrial refrigeration solutions provider serving the food & beverage processing, cold storage, and other cold chain industries. The company services customers nation-wide with its highly skilled workforce and expertise across multiple system and facility types. For more information, visit www.irpros.com.
ABOUT SAW MILL CAPITAL
Based in Briarcliff Manor, NY, Saw Mill Capital is a private equity firm that acquires business service, consumer service, specialty distribution, and manufacturing businesses with enterprise values of $25 million to $200 million. Since 1997, Saw Mill Capital has been partnering with management teams to help successful businesses reach their full potential. Saw Mill is committed to helping its portfolio companies achieve their full growth potential, both organically and through strategic acquisitions. We continue to seek new platform opportunities and are actively evaluating add-on acquisitions to support each of our existing portfolio companies. For more information, visit www.sawmillcapital.com.