TA Associates sells control of refrigeration firm

TA Associates, a private equity and buyout firm with offices in Boston, said today that it has sold control of Preferred Freezer Services LLC of New Jersey for an undisclosed amount.

TA Associates said it invested in the firm in 2005 and identified the buyer as a partnership between company management and Fenway Partners LLC.

According to its website, Fenway Partners is a middle-market leveraged buyout firm with offices in New York and Los Angeles.

In a press release, TA Associates said: "Preferred Freezer is the fifth largest company and one of the fastest growing in the public refrigerated warehousing industry in the United States. Operating through a national footprint of 23 strategically located facilities, Preferred Freezer is the leader in the storage of frozen seafood and is rapidly expanding into other frozen categories."
(By Chris Reidy, Globe staff)