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 Since the company was started in
1996, we have grown through an aggressive acquisition strategy in the
highly fragmented ice production and distribution industry. Our
disciplined acquisition approach is based on specific geographic and
financial criteria for identifying potential candidates and determining
acquisition prices. Key criteria that are evaluated as part of this
strategy include:
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Geographic proximity to current operations, |
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Opportunity to gain significant market share, |
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Proven management who are prepared to stay on
following the acquisition, |
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Above average potential to be accretive to
existing unitholders, and |
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Opportunities to improve the operations to
enhance the return on investment. |
We have acquired 77 packaged ice businesses in Canada and the United
States to date at a cost of almost $500 million including the following:
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Date |
Company Name |
Locations |
| April 30, 1996 | Arctic Ice Services Ltd. | Winnipeg, MB |
| April 30, 1996 | Pacific Ice Company Inc. | Vancouver, BC |
| April 30, 1996 | Morrow Ice Ltd. | Vancouver, BC |
| May 01, 1996 | Alberta Ice Co. Ltd. | Calgary, AB |
| June 30, 1997 | | Regina, SK |
| December 09, 1997 | | Amarillo, Lubbock, Midland and San Angelo, TX, and Roswell NM |
| March 12, 1998 | | Comanche, TX |
| March 17, 1998 | | Wichita, KS |
| March 31, 1998 | | Perry, OK |
| May 01, 1998 | | Montreal, QC |
| May 01, 1998 | | Quebec City, QC |
| May 01, 1998 | | Ottawa, ON |
| May 01, 1998 | | Toronto, ON |
| May 01, 1998 | Polar Ice Company Limited | Toronto, ON |
| May 01, 1998 | | Edmonton, AB |
| May 01, 1998 | | Chatham, Barrie and Sauble Beach, ON |
| May 29, 1998 | | Independence, KS |
| June 24, 1998 | | Fergus, ON |
| June 30, 1998 | | Dubuque, Ames, Mason City, Mt. Joy, Des Moines, Coralville and Osceola, IA |
| July 31, 1998 | | Niagara Falls, ON |
| October 14, 1998 | | Hamilton, ON |
| October 23, 1998 | | West St. Paul, Brainerd, Pine City, Duluth, MN, and Lacrosse, WI |
| January 22, 1999 | | Whitby, ON |
| March 12, 1999 | | Omaha, Lincoln, Norfolk and Grand Island, NE |
| April 23, 1999 | | Kitchener, ON |
| June 11, 1999 | | Chilliwack, BC |
| June 23, 1999 | | Marshall and Barnesville, MN, Sioux Falls and Aberdeen, SD |
| June 24, 1999 | | Hutchinson, McPherson, Pratt and Great Bend, KS |
| June 30, 1999 | | Seaforth, ON |
| July 13, 1999 | | Kingston, ON |
| July 16, 1999 | | Oshawa, ON |
| July 30, 1999 | Don Bollinger dba Bollinger Ice Co. | San Angelo, TX |
| August 31, 1999 | | Salina, KS and Oskaloosa, IA |
| January 14, 2000 | | Edmonton, AB |
| January 28, 2000 | Arctic Glacier Canadian Water Co. Inc. | Winnipeg, MB |
| February 09, 2000 | | Bismark, ND |
| February 28, 2000 | R.J.'s Ice & Water Inc. | Medicine Hat, AB |
| March 25, 2000 | Studebaker Refrigeration dba Kold Rock Ice | Fredonia, KS |
| March 31, 2000 | | Rochester, MN |
| April 02, 2000 | Ogallala Ice Company | Ogallala, NE |
| April 20, 2000 | | Fridley, MN |
| May 23, 2000 | Geske's Ice Co. | Fargo, ND |
| June 15, 2000 | Holiday Ice | Tobermory, ON |
| June 30, 2000 | Pelican Ice Company | Elizabeth, MN |
| September 28, 2000 | Palace Ice Company Inc. | Mitchell, SD |
| March 06, 2003 | | Grand Island, North Platte and Gering, NE |
| June 25, 2003 | | Hatfield and Stroudsburg, PA and Wilmington, DE |
| July 25, 2003 | | Mamaroneck, NY |
| July 25, 2003 | | Bronx, NY |
| October 31, 2003 | | Twin Oaks, PA |
| March 3, 2004 | | Kiamesha Lake and Newburgh, NY and Raritan, NJ |
| July 16, 2004 | Anytime Ice Company | Maple Grove, MN |
| December 23, 2004 | | Brooklyn, New York and Roselle Park, NJ |
| December 30, 2004 | | Port Huron, Belding and Grayling, MI |
| September 16, 2005 | | Madison, Neenah, Sturgeon Bay and Wausau, WI |
| May 25, 2006 | | Carson and Oceanside, CA |
| May 25, 2006 | | Modesto, Bakersfield, Fresno, and Stockton, CA |
| May 25, 2006 | | Elk Grove and Marysville, CA |
| May 25, 2006 | | Santa Ana, CA |
| June 15, 2006 | | Fairport, Albany, Buffalo, Corning and Utica NY |
| August 8, 2006 | | Capitola and Rohnert Park, CA |
| August 8, 2006 | | Fremont and Concord, CA |
| March 1, 2007 | | Vernon and Van Nuys, CA |
| October 23, 2007 | | Barstow and Lancaster, CA |
| May 1, 2008 | | Portland, OR |
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