THE BRONX, N.Y., July 27 –GlacierPoint Enterprises, Inc. (“GlacierPoint”), a portfolio company of Mill Point Capital LLC (“Mill Point”) and one of the nation’s leading full-service direct store delivery (“DSD”) distributors of ice cream and other frozen products, announced today that it has acquired Arctica Frozen Solutions (“Arctica”), a DSD distributor of ice cream, novelties and frozen products covering Central and South Florida. The transaction marks GlacierPoint’s first strategic acquisition in Florida and establishes the platform’s presence in one of the most compelling frozen distribution markets in the United States.
Headquartered in Miami, FL, Arctica serves more than 4,600 delivery points across major convenience, drug, grocery and value customers throughout Central and South Florida. A DSD partner for premier manufacturers including The Magnum Ice Cream Company, Froneri and Mars, Arctica deepens GlacierPoint’s relationships with its key vendors in a large, high-density market that is a top priority for those same vendors and retail partners. GlacierPoint’s eighth acquisition since inception in 2021, Arctica extends GlacierPoint’s network into a market whose near-year-round warm climate drives significant demand for single-serve and novelty formats — a category GlacierPoint covers extensively across its entire operating footprint, which now spans more than 273,000 square miles.
“Arctica is the ideal entry point into Florida, one of the largest frozen markets in the country and a natural next step in GlacierPoint’s continuing expansion strategy for the Eastern Seaboard and beyond,” said Jim Schubauer, Chief Executive Officer and Executive Chairman of GlacierPoint. “Todd has built a solid business with deep customer relationships and a first-class service reputation. Combining that platform with GlacierPoint’s scale, vendor partnerships and operational expertise gives us a strong foundation to grow throughout all of Florida’s key markets. I could not be more excited to build on the success that Todd and his team have established. Everything we do is aimed at deepening market penetration for our core vendors and delivering consistent, high-quality execution for our retail partners.”
Todd Michaels, Founder and President of Arctica, stated, “I have great confidence in Jim’s vision to continue the expansion and elevation of Arctica’s profile. I am so proud of what my team has accomplished and I could not be happier with their new role as an integral part of GlacierPoint’s growth engine. GlacierPoint has become one of the most capable platforms in the DSD industry — I cannot think of a better partner to build on the Arctica foundation while preserving and nurturing the operating culture I have always valued so highly.”
“Arctica reflects clear execution of the disciplined M&A strategy at the core of our Value Creation Plan for GlacierPoint,” added Sebastian Bustamante, Principal at Mill Point Capital. “Florida is a high-growth, strategically significant market and Arctica gives GlacierPoint an anchor position from which to expand throughout the state while continuing to strengthen our relationships with The Magnum Ice Cream Company, Froneri and other key partners. Under Jim’s leadership, GlacierPoint has proven exceptional at pairing a methodical acquisition approach with strong organic growth.”
McDermott Will & Schulte LLP served as legal counsel to Mill Point and GlacierPoint. BofA Securities, Inc. served as financial advisor to Mill Point and GlacierPoint.