Redwood Capital, a permanent holding company headquartered in Baltimore, agreed to acquire Johnstone Supply, a North American HVACR brand. Financial terms were not disclosed. "We are very excited to welcome Redwood into the Johnstone family. The completion of this transaction will provide Johnstone and the Johnstone Business Owners an unprecedented capital foundation to continue to grow and capture market share, while allowing for accelerated investments in the expansion of our supply chain infrastructure and industry technology tools," Jeffrey Sheehan, Johnstone Chairman of the Board.