Deal Details
Munch's Supply Is Acquired by Marcone
Summary
Munch’s Supply (the “Company”), a portfolio company of Ridgemont Equity Partners (“Ridgemont”), was recently acquired by Marcone, a portfolio company of Genstar Capital (“Genstar”). Terms of the transaction were not disclosed.
Baird served as the lead financial advisor to Munch’s Supply on this transaction.
About
Munch’s Supply is a leading distributor of HVAC and plumbing equipment, parts and supplies. 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, Kohler, Tempstar, Keeprite and Frigidaire. The Company sells approximately 135,000 SKUs across 65 facilities throughout North America with a workforce of approximately 1,100 employees. Munch’s Supply is headquartered in Hillside, Illinois.Ridgemont is a middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5.5 billion. Ridgemont focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont is headquartered in Charlotte, North Carolina.
Marcone is a leading distributor of original replacement parts for household appliances. Marcone has distribution agreements with all the leading OEMs and a multi-channel sales strategy across service providers, extended warranty providers, internet/DIY users and property managers. Marcone exports globally and also operates a comprehensive training institute offering quality business and technical training. Marcone operates 113 facilities, has approximately 2,000 employees and serves approximately 43,000 technician customers. Marcone is headquartered in St. Louis, Missouri.
Genstar is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $33 billion of assets under management and targets investments focused on targeted segments of the financial services, industrials, healthcare and software industries. Genstar is headquartered in San Francisco, California.
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- Date
- January 2022
- Company
- Munch’s Supply
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Distribution
- Target Geography
- North America
- Acquiror Geography
- North America
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