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Midwest HVAC News
Dakota Supply Group buys
longtime Rochester plumbing supply firm.
Dakota Supply Group is buying Woodruff Co., a 67-year-old Rochester
plumbing and utilities wholesale supply firm.
Dakota Supply Group and the family-owned Woodruff have a purchase
agreement and the sale is expected to close on April 30, according
to Dakota CEO Todd Kumm. The deal includes Woodruff's Rochester
complex at 1524 Third Ave. S.E. as well its Austin and Winona
locations.
Dakota is a distributor of plumbing, electrical, HVAC,
refrigeration, communications, filtration and metering systems. It
has locations in Minnesota, North Dakota, South Dakota, Wisconsin
and Montana
Co-owner John W. Woodruff said the main reason for the sale is that
he's retiring, along with his brother and co-owner James W.
Woodruff. They took over the company from their father, who
co-founded it.
"It's a good opportunity," he said.
The much-larger Dakota had previously approached the Woodruffs a few
years ago, but the deal didn't come together back then.”
Story
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"Now it's the right
time to do it," said John Woodruff.
On the other side of the sale, Dakota agrees that the timing is
right for this change.
"We believe a lot in the potential of Rochester and what's going
to happen in the future," said Dakota's Kumm. "This gives us a
great physical location in a community that we feel is growing
and expanding."
The company already has locations in La Crosse, Wis. and St.
Paul, so this acquisition will fill in the area in between.
Dakota, which has about 650 employees, is very familiar with
Rochester, as it has previously sold metering systems to the
city.
One concern the brothers had was to make sure the deal would be
good for their more than 20 employees. DSG's reputation as a
good company made it attractive — it's owned by its employees
through a stock ownership plan.
"We think that will be a benefit for the employees," he said.
Woodruff was founded by 1946 by James F. Woodruff, John D.
Flowell and Frank C. Weber. The Woodruff family has long been
active in the community, with involvement with Lourdes school,
the Rotary Club and the Rochester Area Chamber of Commerce.
It built and moved into its current facility on Third Avenue in
April 1964.
About Dakota Supply
Group
Since our establishment in 1898, we at Dakota Supply Group (DSG)
have worked hard at making a name for ourselves as a full-line
distributor of electrical, plumbing, HVAC, refrigeration,
communications, utility, automation, waterworks, filtration and
metering technology products and systems. For more information
visit
dakotasupplygroup.com.
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