Specific Refrigeration & Mechanical Services

What Specific Refrigeration & Mechanical Services does

Specific Refrigeration & Mechanical Services (SRS) is a privately held Australian industrial refrigeration and mechanical services contractor headquartered in Sunshine, Victoria. Founded in 2004 when Will McTaggart and Alan Patterson acquired the business from their former employer, SRS delivers turnkey solutions spanning engineering consultation, design and documentation, manufacture and fabrication, installation, commissioning, service and maintenance, compliance auditing, and retrofits/upgrades. The company owns a 1,200 sqm fully equipped factory for AS1210 + ASME compliant pressure vessel and heat exchanger manufacturing, plus service compressor overhauls — a rare combination that lets SRS operate without third-party outsourced suppliers.

SRS serves enterprise clients across food processing (Murray Goulburn, General Mills, Inghams Enterprises, Coles, Bega, Australian Lamb), commercial real estate (Knight Frank, Charter Hall, 570 Church Street), cold storage (Montague), retail (Hacer Group, Lansell Square), ICT (Telstra), hospitality (Mantra Hotels), and residential developments. Documented projects range from $1.5M to $5.5M, with the company having completed 3,200 projects worth a combined $4.1B over its history. Differentiated capabilities include integrated refrigeration AND mechanical services delivery, Green Star and NABERS design engineering, and 24/7 rapid-response maintenance with a service fleet.

Revenue is approximately $32 million AUD annually, generated through project-based contracts plus recurring service and maintenance agreements. The company employs 11-50 people with deep tenure — 90% of staff have been with SRS for over 10 years — under founder leadership (McTaggart as Managing Director, Patterson as General Manager). Geographic scope spans Melbourne, regional Victoria, and Australia-wide for select iconic clients. SRS is founder-owned with no institutional investors, funding rounds, or M&A activity disclosed.

Name

Specific Refrigeration & Mechanical Services

Legal name

Specific Refrigeration & Mechanical Services Pty. Ltd.

Website

https://specificrefrig.com.au

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

SRS is a privately held Australian industrial refrigeration and mechanical services contractor delivering turnkey design, fabrication, installation, and maintenance solutions for enterprise clients across food processing, commercial, cold storage, retail, and ICT sectors, with in-house manufacturing and ~$32M AUD annual revenue.

Ownership category

akta.pro rank

Product category

Industrial Refrigeration and Mechanical Services

NAICS

Plumbing, Heating, and Air-Conditioning Contractors (23822), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (811310)

SIC

Refrigeration & Service Industry Machinery (3580), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

HVAC & Refrigeration Contracting (IMAFALAB)

akta.pro secondary industries

Refrigeration & Cold-Chain Equipment Service (IMAIABAE), Commercial & Industrial Refrigeration Systems (IMAHAKAA), Refrigeration Systems Maintenance (Commercial/Industrial) (BPABACAI)

Keywords

• Industrial refrigeration services
• Mechanical services HVAC
• Pressure vessel fabrication
• Food processing refrigeration
• Cold storage systems

Headquarters

HQ city

Sunshine

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project-Based Services: Design, engineering, procurement and installation of refrigeration and mechanical systems. Projects range from $1.5M to $5.5M based on documented projects. One-time project revenue with ongoing maintenance contracts.
2. Service & Maintenance Contracts: Ongoing maintenance services for completed installations. 24/7 rapid response and preventative maintenance programs. Recurring revenue from established client relationships.
3. Manufacturing & Fabrication: In-house manufacture of pressure vessels, heat exchangers, and specialised refrigeration plant. Custom fabrication for specific client requirements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Specific Refrigeration & Mechanical Services (SRS) designs, builds, installs and services industrial refrigeration and mechanical systems (HVAC, chilled water plant, pressure vessels, ventilation, wash down systems) for food processing, commercial, cold storage, residential, ICT and sport/recreation clients. The company delivers end-to-end turnkey solutions from engineering consultation and design through in-house manufacturing (AS1210 + ASME pressure vessels and heat exchangers), installation, commissioning, 24/7 preventative maintenance and emergency service, plus retrofits, upgrades and NABERS/Green Star compliance documentation. Projects are typically valued $1.5M–$5.5M, complemented by recurring service and maintenance contracts.

Product overview

Specific Refrigeration & Mechanical Services (SRS) offers a unified suite of turnkey refrigeration and mechanical services rather than a modular software platform. The company provides end-to-end solutions spanning engineering consultation, design and documentation, manufacture and fabrication (including pressure vessels), installation, commissioning and testing, maintenance and service, compliance documentation, and retrofits and upgrades. Key service lines include Commercial Refrigeration, Mechanical Services, Manufacturing & Pressure Vessels, Service & Maintenance, Industrial Refrigeration, and Green Star/NABERS design engineering. The company differentiates through comprehensive in-house resources, enabling them to control all aspects of projects without relying on third-party suppliers, making them uniquely positioned as one of the only specialist organisations in Australia with internally owned and controlled resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Refrigeration
• Mechanical Services
• Manufacturing and Pressure Vessels
• Service and Maintenance
• Industrial Refrigeration
• Green Star and NABERS Design Engineering
• Engineering Consultation and Design
• Installation and Commissioning
• Retrofit and Upgrade Services

Quantifiable outcome

• Improved manufacturing efficiency by over 100% on General Mills pasta line project
• +2 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Hacer GroupcoreStrategic or Co-development PartnerBuilder/developer partner for multiple projects including East Brunswick Village ($4.1M) and 570 Church Street commercial office development. Longstanding partnership delivering residential and commercial projects.
• Badge ConstructionscoreChannel Partner/ Reseller/ DistributorConstruction partner for General Mills Rooty Hill pasta line project ($2.9M). Project delivery partnership for food processing facility.
• Qanstruct AustraliaminorChannel Partner/ Reseller/ DistributorConstruction manager for Montague Cold Storage project ($4M). Industrial cold storage project delivery.
• Hatchtech (Netherlands)coreTechnology or IntegrationTechnology provider for Inghams Hatchery project. State-of-the-art chicken incubation technology from Netherlands. SRS liaised with Hatchtech remotely and completed installation works providing over 13,000 labour hours.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Trane Australia: Global commercial HVAC and refrigeration systems manufacturer with Australian operations. Competes with SRS through commercial and industrial refrigeration installations, building HVAC, and service/maintenance programs.
• Carrier Australia: Global leader in commercial refrigeration and HVAC with a strong Australian presence. Overlaps with SRS in commercial refrigeration system design, installation, and service across food retail, cold chain, and industrial customers.
• Mitsubishi Heavy Industries Australia: Major HVAC and industrial refrigeration equipment manufacturer with Australian operations. Overlaps with SRS in commercial and industrial refrigeration system installations and large-project delivery.
• Daikin Australia: Global HVAC and commercial refrigeration manufacturer with established Australian operations. Competes indirectly with SRS as both equipment supplier and through commercial installation partners serving similar end markets.

Regional players

• Americold Logistics: Global temperature-controlled warehousing and logistics company with Australian operations. Uses industrial refrigeration infrastructure similar to what SRS designs and builds, positioning it as both a potential customer and indirect competitor for cold-chain project work.
• NewCold: European-headquartered cold storage logistics provider with significant Australian operations. Adjacent rather than direct — NewCold operates warehouses while SRS provides the refrigeration infrastructure that powers them, making it both an ecosystem participant and potential customer.

Direct peers

• Coolair Air Conditioning: Australian commercial HVAC and refrigeration contractor delivering design, installation, and maintenance services to industrial and commercial clients — directly comparable service offering and customer base to SRS.
• Stoddart Refrigeration & Air Conditioning: Australian commercial refrigeration and air conditioning manufacturer and contractor with a similar product/service mix to SRS. Both design, fabricate, install, and service refrigeration and HVAC plant for commercial and industrial clients including food service operators.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/specificrefrig

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

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 Specific Refrigeration & Mechanical Services