Freeman Spogli & Co., which invests in consumer and distribution companies in the U.S., bought ice machine rental services provider Easy Ice LLC, along with the company's management and other investors.

The seller was fellow private equity firm Saratoga Investment Corp., according to S&P Global Market Intelligence data.

Easy Ice co-founders Mark Hangen and John Mahlmeister and its management team will remain to lead the company.

Varagon Capital Partners and Madison Capital provided debt financing for the transaction.

Morgan Lewis and Bockius LLP offered legal advice to Freeman. FocalPoint Securities LLC provided advice to Easy Ice, while Queen Saenz + Schutz PLLC was its legal counsel.