What ICS Chillers does

ICS Chillers, operating under the legal name Industrial Chiller Specialists, Inc., is a privately held custom manufacturer of industrial packaged chillers based in Milaca, Minnesota. The company designs and builds turnkey air-cooled and water-cooled chiller systems, air-cooled condensing units (ACCUs), and a full line of accessories — including pumps, reservoirs, glycol products (Dowfrost and Dowtherm blends), heat exchangers, filters, hoses, and winter chiller packages. Capacity spans 3 HP to 160 HP, with specialized sub-brands (OC Series and AC Series) targeting start-up and production breweries and distilleries. All units are fully packaged with integrated glycol reservoirs, system pumps, and operational controls, and are factory-tested before shipment; units carry ETL, UL, and CSA certifications.

The business operates on a direct, quote-based sales model with no published price list. Each chiller is engineered to the customer's specification (voltage, capacity, ambient range, reservoir size, pump capacity, and application requirements), and sales are conducted by phone and email rather than through distributors or marketplaces. The company maintains a rental fleet (3–100 HP) for temporary cooling needs, providing an aftermarket revenue stream alongside one-time capital equipment sales. End markets include food manufacturing, pharmaceutical and medical manufacturing, breweries and distilleries, anodizing/plating, plastics and rubber, chemical processing, CNC machining, paper/printing, and environmental/data hall cooling.

Internationally, ICS ships turnkey units into 16 countries — including Canada, Mexico, Argentina, Ecuador, Germany, Ireland, the United Kingdom, the UAE, Kuwait, Egypt, Ghana, China, Cambodia, the Philippines, and Vietnam — providing full export documentation (ETL/UL/CSA, Country of Origin, CRN, NAFTA, international certificates) and customs broker support through partner relationships. The company is founder-owned and bootstrapped, with 11–50 employees, no disclosed funding rounds, no parent company, and no public revenue disclosure. A standard 2-year parts warranty and 24/7 customer service underpin its service positioning.

Name

ICS Chillers

Legal name

Industrial Chiller Specialists, Inc.

Website

https://icschillers.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

ICS Chillers is a privately held, custom manufacturer of industrial packaged chillers (3–160 HP) based in Milaca, Minnesota, serving food, pharmaceutical, brewery, and general industrial process-cooling customers across 16 countries via direct quote-based sales.

Ownership category

akta.pro rank

Product category

Industrial Process Cooling Equipment

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Chillers & Cooling Plant Equipment (IMAHAKAE)

akta.pro secondary industries

Cooling Systems & Thermal Management (CRAC/CRAH, Chillers, Liquid Cooling) (HDABAKAD), Chillers, Boilers & Central Plant Operations (BPABACAG)

Keywords

• Industrial process cooling
• Packaged chillers
• Custom chillers
• Brewery chillers
• Condensing units

Headquarters

HQ city

Milaca

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Custom Packaged Chillers: Custom designed and built industrial packaged chillers sold to customers based on their specific process cooling requirements. Products include Air Cooled Chillers, Water Cooled Chillers, and custom industrial process cooling systems. One-time purchase of capital equipment with varying price points based on capacity and specifications.
2. Condensing Units: Industrial Air Cooled Condensing Units (ACCU) ranging from 3 HP to 160 HP. Custom built for specific applications including remote chiller evaporators, bulk tank cooling, and make-up air control.
3. Rental Chillers: Full line of rental chillers (3 HP to 100 HP) for temporary cooling needs. Units are fully packaged with integrated glycol reservoir, pumps, quick connection points, and electrical disconnect. Accessories including hoses, glycol, and pump skids also available for rent.
4. Accessories: Accessories including heat exchangers, filters, hoses, glycol products, pumps, tanks, winter chiller packages, and other process cooling accessories.
5. Glycol Products: Propylene Glycol (Dowfrost) and Ethylene Glycol (Dowtherm) blends for chiller systems. Available in various concentrations and shipping containers (55 gallons, 5 gallons, 275 gallon totes, or tank truck).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

ICS Chillers is an industrial packaged chiller manufacturer based in Milaca, MN. The company custom-designs, manufactures, and rents packaged chillers with integrated reservoirs, pumps, and controls for industrial process cooling applications across multiple industries.

Product overview

ICS Chillers is an ETL Listed Industrial Packaged Chiller manufacturing company offering custom-built chilling solutions for industrial manufacturing and process cooling applications. The core product portfolio centers on Packaged Chillers (Air Cooled and Water Cooled varieties) and Condensing Units, with specialized sub-brands for brewery and distillery applications (OC Series for start-up operations and AC Series for production facilities). The company also provides Rental Chillers for temporary needs and a comprehensive line of accessories including Winter Chillers, Pumps and Tanks, Glycol Products, and Heat Exchangers/Filters/Hoses. All products feature complete packaging with integrated glycol reservoirs, system pumps, and operational controls, eliminating the need for additional field-mounted components.

Differentiator

Problem solved

Functional benefit

Products and services

• Air Cooled Chillers
• Water Cooled Chillers
• OC Series Chillers (3HP-15HP)
• AC Series Chillers (20HP-160HP)
• Condensing Units (ACCU)
• Rental Chillers
• Winter Chillers
• Pumps and Tanks
• Glycol Products
• Heat Exchangers, Filters and Hoses

Quantifiable outcome

• Standard 2-year warranty on all parts ensures reliability and reduces customer risk

Segments10 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Customs Broker and Exporting PartnersminorOthersFor international projects, ICS Chillers provides Customs Broker and Exporting services through business partners to assist with international shipping documentation and customs clearance for export orders.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Johnson Controls (York): Johnson Controls, through its York brand, is a long-established manufacturer of chillers and HVAC equipment for commercial and industrial applications, including capacity ranges that overlap with ICS's 3-160HP portfolio. It is a relevant broad incumbent given comparable product categories, larger scale, and broader building-services bundling.
• Trane Technologies: Trane Technologies is a global HVAC and refrigeration OEM with a broad portfolio including industrial chillers and process cooling systems. It competes with ICS in industrial process cooling but serves customers through standard, large-scale product lines plus a full service network rather than a custom-design-only model.
• GEA Group: GEA Group is a global industrial engineering company with a Refrigeration Technologies division serving food, beverage, dairy, and chemical customers with industrial refrigeration and process cooling systems. It overlaps with ICS in industrial process cooling for food, beverage, and chemical use cases, though at materially larger scale and with broader portfolio breadth.
• Carrier Global: Carrier is one of the largest HVAC and commercial/industrial refrigeration equipment manufacturers, with broad chiller offerings and a global service network. It is relevant to ICS as a broad incumbent competitor with deeper manufacturing scale, broader service capabilities, and larger enterprise relationships in the same industrial process-cooling space.
• Daikin Applied: Daikin Applied (the commercial/industrial arm of Daikin) manufactures commercial and industrial chillers, including air-cooled and water-cooled packaged units, and serves data center, manufacturing, and process customers worldwide. It overlaps with ICS on industrial air-cooled and water-cooled packaged chillers, though Daikin's portfolio is broader and its go-to-market more channel-driven.

Direct peers

• Mokon: Mokon is a US-based manufacturer of industrial process chillers, temperature control units, and thermal management equipment used in plastics, food, and chemical processing. It is a direct peer to ICS given its custom-engineered packaged industrial chillers serving similar small-and-mid industrial customers.
• Cold Shot Chillers: Cold Shot Chillers is a US-based company focused on industrial process chillers and a sizeable rental chiller fleet, serving breweries, plastics, and food processing. It is a direct peer to ICS because both companies target the same small-and-mid industrial customers with custom packaged chillers and rental services.
• Baltimore Aircoil Company (BAC): Baltimore Aircoil Company is a global manufacturer of heat transfer and ice thermal storage equipment, including adiabatic and evaporative cooling solutions used in industrial and commercial cooling applications. It is comparable to ICS as a manufacturer of industrial cooling equipment serving process and HVAC markets, though its products emphasize heat rejection and tower equipment rather than packaged chillers.
• Advantage Engineering: Advantage Engineering is a US manufacturer of industrial process chillers and temperature control equipment used in plastics, metalworking, food, and chemical applications. It is a direct peer to ICS in custom-engineered packaged industrial chillers serving similar mid-market process-cooling customers.
• EVAPCO: EVAPCO manufactures evaporative cooling, adiabatic, and dry cooling products used in industrial process cooling, refrigeration, and HVAC applications globally. It is relevant to ICS as an adjacent maker of industrial cooling hardware serving overlapping end markets such as food processing, brewing, and chemical manufacturing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

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Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICS Chillers