Beijer Ref to acquire Heritage Distribution Holdings from Gryphon Investors.

Beijer Ref, a distributor of commercial refrigeration, industrial refrigeration, and air conditioning, agreed to acquire Heritage Distribution Holdings, a wholesale distributor of HVAC/R equipment, parts, supplies, and customer service, from Gryphon Investors, a private equity firm. Financial terms were not disclosed. "Our vision was to build a multi-regional distribution platform that would become a leading HVAC/R brand in the Southeastern and Midwestern United States. We are proud to have supported the Company's growth while maintaining a focus on top-quality customer service across the entire family of brands," Craig Nikrant, Gryphon Operating Partner.