NEW LENOX, Ill.–(BUSINESS WIRE)–Feb 3, 2021–
Munch’s Supply (the “Company”), a leading Midwest-based heating, ventilation and air conditioning (“HVAC”) distributor has acquired the HVAC and Plumbing business from C&L Supply, Inc., including its seven branches servicing Oklahoma, Kansas, Missouri and Arkansas. The company will now be known as C&L Supply HVAC and Plumbing. This will expand the Company’s geographic footprint to 34 locations, adding to the 12 Munch’s Supply branches in Chicago, Northwest Indiana and Michigan, five Tommark branches in Michigan, seven O’Connor Company branches in Oklahoma, Kansas, Nebraska, Iowa and Missouri and three Comfort Air Distributing locations in Colorado.
“The C&L Supply HVAC and Plumbing acquisition is part of Munch’s long-term strategy to aggressively expand our footprint in other regions through strategic acquisitions that also broaden our product offering into plumbing and other adjacent segments,” said Munch’s CEO Bob Munch. “Superior customer service will remain our number one priority and we are pleased to welcome C&L Supply HVAC and Plumbing’s customers and employees to the Munch’s family of companies.”
“We are proud to serve our customers under the expanded name ‘C&L Supply HVAC and Plumbing’ and will continue to offer Rheem heating and air conditioning equipment and multiple leading plumbing product brands,” said C&L Supply HVAC and Plumbing’s Vice President Mike Beckham. “We are excited to be part of a platform that shares our culture and values and look forward to growing our business together at the local level.”
“It has been a pleasure working with the Munch’s Supply team and we are excited about the opportunities this transaction provides to C&L Supply HVAC and Plumbing’s employees and customers,” said C&L Supply, Inc.’s CEO, Mark Kidd. “Moving forward, we will be focused on our Consumer Products (appliances, electronics and furniture) business.”
Munch’s Supply has been operating in the Chicagoland area for 65 years and is consistently ranked as a top 10 HVAC distributor in the U.S. Ridgemont Equity Partners, a middle-market private equity firm, acquired a majority stake in Munch’s Supply in 2019 and continues to support the Company in its organic and M&A growth initiatives.
About Munch’s Supply
Munch’s Supply was founded in 1956 by Willard Munch, who wanted to develop a local source of electrical supplies for area contractors. Today the company has more than 500 employees focused exclusively on supplying heating and cooling industry contractors with quality products. Proudly celebrating its 65 th year in business in 2021, Munch’s Supply operates with a commitment to service as a leading distributor for trusted brands such as American Standard, Trane, Mitsubishi and Rheem. Munch’s Supply, Tommark and O’Connor Company continue to serve as the premier source for HVAC contractors throughout Illinois, Northwest Indiana, Michigan, Oklahoma, Kansas, Nebraska, Iowa and Missouri. www.munchsupply.com
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital. www.ridgemontep.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005048/en/
CONTACT: Kelly Lineberger
Ridgemont Equity Partners
704-944-0935
[email protected]
KEYWORD: ARKANSAS OKLAHOMA KANSAS MISSOURI ILLINOIS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: SUPERMARKET RETAIL CONSTRUCTION & PROPERTY BUILDING SYSTEMS
SOURCE: Munch’s Supply
Copyright Business Wire 2021.
PUB: 02/03/2021 06:00 AM/DISC: 02/03/2021 06:01 AM
http://www.businesswire.com/news/home/20210203005048/en
