Daily News: January 13, 2020

Varagon Supports Freeman Spogli Acquisition of Easy Ice


Varagon Capital Partners served as administrative agent and joint lead arranger on a senior secured credit facility to support the acquisition of Easy Ice by Freeman Spogli.

Founded in 2009 and co-headquartered in Phoenix and Marquette, MI, Easy Ice provides ice machine rental and related services for more than 25,000 ice makers across 47 states. Easy Ice is the only national platform offering a comprehensive subscription service for commercial ice machines that includes installation, cleaning, preventive maintenance, repairs, backup ice, and peak demand ice.

Freeman Spogli is a private equity firm dedicated exclusively to investing in and partnering with management in consumer and distribution companies in the U.S.