NEW LENOX, Ill.--(BUSINESS WIRE)--Munch’s Supply (the “Company”), a leading U.S.-based heating, ventilation and air conditioning (“HVAC”) distributor has acquired Marks Supply, including its Watermarks division, nine branches, three retail plumbing showrooms, and two distribution centers servicing the province of Ontario, Canada. This will expand the Munch’s geographic footprint to 51 locations serving 16 U.S. states and one Canadian province.
“For almost six decades, the Todd family and the Marks Supply team have proudly served the Ontario market as the leading provider of HVAC, plumbing, hydronics, and pipe, valves and fittings products,” said Bob Munch, CEO of Munch’s Supply. “We are excited to continue growing the business together and upholding the same level of commitment to employees, customers and vendors.”
Marks Supply President Robin Todd added, “We have come a long way since my father started this business in 1962. We are proud of what we’ve built and look forward to further accelerating our tremendous growth in partnership with Munch’s Supply. Curtis Shea will step into the role of President and lead the Canadian operations for the combined company and continue to expand the product offering and capabilities in our region.”
The acquisition demonstrates Munch’s ongoing dedication to the HVAC and plumbing marketplace and reinforces its commitment to partnering with family and customer service focused businesses looking for either a long-term partnership or an exit strategy.
Munch’s Supply has been operating in the Chicagoland area for 65 years and is consistently ranked as a top HVAC distributor in the United States. 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 960 employees focused exclusively on supplying heating, cooling and plumbing industry contractors with quality products. Proudly celebrating its 65th 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, Rheem, IPEX, AO Smith and Kohler. Through Munch’s Holdings, LLC, it operates Munch’s Supply, Tommark, O’Connor Company, Comfort Air Distributing, C&L Supply HVAC and Plumbing and API of NH and Delta T which continue to serve as the premier sources for HVAC and plumbing equipment and supplies to contractors throughout the United States with Marks Supply/Watermarks as its first Canadian-based distributor. 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 $5.5 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
