Reddy Ice Announces Successful Closing of the Acquisition of Arctic Glacier
Rhea-AI Summary
Reddy Ice (NYSE:CG) announced on Feb 18, 2026 the successful closing of its acquisition of Arctic Glacier, a North American packaged ice provider. The combined company will span a large manufacturing and distribution footprint, while Reddy Ice will divest four facilities and related customer contracts to address DOJ antitrust review.
Transaction terms were not disclosed. This marks Reddy Ice's 22nd acquisition since 2019; advisors included Latham & Watkins and BMO for Reddy Ice, and Debevoise and Deutsche Bank for Arctic Glacier.
Positive
- Combined scale across North America with expanded manufacturing footprint
- Acquisition marks 22nd deal since 2019, showing roll-up momentum
- Arctic Glacier contributes 2.5 billion pounds of annual ice production
Negative
- Required divestiture of four facilities and customer contracts for DOJ review
- Transaction terms were not disclosed, limiting transparency on financial impact
News Market Reaction – CG
In the Feb 18 session, CG gained 1.22%, reflecting a mild positive market reaction. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Acquisition Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 30 | Arctic Glacier deal | Positive | -1.2% | Reddy Ice agrees to acquire Arctic Glacier, expanding North American ice footprint. |
| Jan 27 | Medtech acquisition | Positive | -1.4% | Resonetics signs deal for Resolution Medical, adding neuromodulation capabilities. |
| Jan 06 | Asset acquisition | Positive | +2.5% | Resonetics acquires Med-Ally assets and IP for implantable device platforms. |
| Nov 12 | Defense acquisition | Positive | +2.2% | ARMADA Parent buys Poseidon Industrial, expanding U.S. Navy modernization services. |
| Sep 29 | Manufacturing acquisition | Positive | +1.4% | Resonetics acquires Eden Holdings, adding micro-molding and tooling capabilities. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Acquisition-related headlines have produced mixed reactions for CG-linked platforms, with 3 aligned and 2 divergent moves in the past five tagged events.
Recent news around Carlyle-linked platforms has centered on acquisitions and portfolio expansion. Since Sep 2025, there have been multiple deals across medical devices, defense services, and industrial assets, often framed as strategic capability or footprint expansions. The earlier Jan 30, 2026 agreement to acquire Arctic Glacier and today’s closing both highlight Reddy Ice’s roll-up strategy under SCI and Carlyle’s ongoing realization of portfolio value. Price reactions have varied, indicating that deal structure and broader market tone influenced trading as much as headline strategy.
Key Terms
doj antitrust division regulatory
assets under management financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Reddy Ice is a portfolio company of SCI Capital Partners LP ("SCI") and a leading manufacturer and distributor of packaged ice in
"We are pleased to welcome Arctic Glacier into the Reddy Ice and SCI family and excited about the value we can unlock as a combined organization—for our customers, our team members, and the broader industry," said Lonny Warner, Chief Executive Officer of Reddy Ice and a member of the Company's Board of Directors. "Both companies bring exceptional people and a strong, winning culture, and I look forward to working closely with our teams to realize the full potential of this combination. This is a truly transformational opportunity that advances our mission to make life better by delivering high-quality, innovative products and services in the communities we serve, while partnering with our customers to exceed expectations and providing our team members with a safe, rewarding place to build their careers."
In connection with the DOJ Antitrust Division's review of the transaction, Reddy Ice will be divesting four of its facilities and associated customer contracts in Mukilteo &
"I am extremely proud of Lonny and his team for their continued execution and leadership. This transaction represents Reddy Ice's 22nd acquisition since SCI acquired the company in 2019 and further strengthens the platform as we enter the next phase of growth," said Adam Cohn, Managing Partner at SCI.
Shawn Malleck, Chairman of the Board of Reddy Ice and Partner at SCI, said: "This strategic transaction is highly complementary for both organizations and enhances our operational scale to capitalize on attractive growth opportunities while continuing to deliver innovative solutions for our customers. We are excited about the opportunities ahead and look forward to a seamless integration over the coming year."
"I am immensely proud of what our associates have achieved over the past few years, and this acquisition is a testament to the extraordinary foundation we have built together and opens a new chapter of opportunity for our people and customers to thrive," said Peter Laport, CEO of Arctic Glacier.
Matthew Coles, Managing Director at Carlyle, said: "We are proud of all that Arctic Glacier has accomplished and grateful to the management team and employees for their dedication. We wish the combined company continued success as it enters this exciting next chapter, bringing together two robust and geographically complementary platforms to better serve customers across
For Reddy Ice, Latham & Watkins LLP served as legal advisors and BMO Capital Markets Corp. served as financial advisor.
For Arctic Glacier, Debevoise & Plimpton LLP and Rule Garza Howley LLP served as legal advisors and Deutsche Bank served as financial advisor.
About Reddy Ice
Reddy Ice is the largest manufacturer and distributor of packaged ice products in
About Arctic Glacier
Arctic Glacier is a North American provider of premium ice products and services. For over 140 years, the company has been manufacturing and distributing packaged ice. Annually, the company produces and delivers over 2.5 billion pounds of premium ice to supermarkets, mass merchants, c-stores, dollar stores, gas stations, liquor stores, as well as many other commercial and industrial businesses. Arctic Glacier operates 77 manufacturing facilities and distribution centers throughout the US and
About SCI Capital Partners
SCI is a private equity firm headquartered in
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With
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SOURCE Reddy Ice, LLC