Announced
Financials
Tags
Food Retailers and Wholesalers
Private
United States
wholesale distribution
hvac equipment
hvac
Majority
Acquisition
Single Bidder
Private Equity
Friendly
Pending
Synopsis
Ridgemont Equity Partners, a middle-market private equity investor, agreed to acquire Munch’s Supply alongside the Company’s seasoned management team, led by CEO Bob Munch from Rotunda Capital Partners. Financial terms were not disclosed. Munch’s is a wholesale distributor of heating, ventilation and air conditioning equipment, parts and supplies. “Specialty distribution has been a cornerstone of Ridgemont’s Business and Industrial Services practice, and we have been focused on identifying opportunities within the HVAC sector for many years. Munch’s is the only private equity-backed top 50 HVACR distribution platform in the country, which makes the Company uniquely positioned to continue its growth trajectory through increased M&A and other initiatives that will enhance its presence in its existing markets and aid in the development of new markets,” Jack Purcell and Tim Dillon, Ridgemont Partners, in a joint statement.
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