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Midwest HVAC News
Munch’s Supply Purchases
Colorado-based Comfort Air Distributing.
Leading Midwest-based HVAC distributor expands into new
geography.
Munch’s Supply, a leading Midwest-based heating, ventilation and air
conditioning (HVAC) distributor, has acquired Comfort Air
Distributing and its three Colorado branches. This will expand the
company’s geographic footprint to 27 locations in nine states.
“The Comfort Air Distributing purchase is part of Munch’s long-term
strategy to expand our platform into other regions through strategic
acquisitions,” said Munch’s Supply CEO Robert Munch. “We are excited
to welcome Comfort Air Distributing’s customers and employees.
Customer service will remain our No. 1 priority.”
The company will continue to operate under the Comfort Air
Distributing name, offering Rheem heating and air conditioning
equipment. It will continue to serve Colorado and 13 Wyoming
counties out of branches in Denver, Centennial and Colorado Springs,
Colorado.
“We couldn’t have made it 30 years without the tremendous support
from our customers and team members. I am very happy to find a
trusted company in Munch’s to continue the Comfort Air legacy,” said
Comfort Air Distributing president Jim O’Mara.
Dave Schrock, executive vice president of Comfort Air Distributing,
added, “We are excited to find a company with similar values that is
focused on preserving our family culture. It was important for us to
find a partner who will care about our employees as much as we do.”
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“Jim and Dave have
done a wonderful job building a company with great people and a
great culture. These are only found in the best organizations,
and we are happy to support the team to continue to build on
this foundation,” said Munch.
The acquisition demonstrates Munch’s ongoing commitment to the
HVAC marketplace.
Munch’s Supply has been operating in the Chicagoland area since
1956. Rotunda Capital Partners, a private equity firm focused on
lower middle-market and family-owned holdings, acquired a
majority stake in Munch’s in 2015.
CapitalValue Advisors served as financial advisor to Comfort Air
Distributing on the transaction.
About Munch’s Supply
Munch’s Supply was founded in 1956 by Willard Munch, who wanted
to develop a local source of electrical supplies for area
contractors. Today the company has more than 500 employees
focused exclusively on supplying heating and cooling industry
contractors with quality products. With a commitment to service
honed for more than 63 years and as a leading distributor for
trusted brands such as American Standard, Trane and Mitsubishi,
Munch’s Supply, Tommark and O’Connor Company continue to serve
as the premier source for HVAC contractors throughout Illinois,
Northwest Indiana, Michigan, Oklahoma, Kansas, Nebraska, Iowa
and Missouri.
About Rotunda Capital Partners
Rotunda Capital Partners is a private equity firm that invests
equity capital in established and profitable lower middle-market
companies. As an independent deal sponsor, Rotunda Capital
raises and invests the capital of its principals, institutions,
family offices and high net worth individuals on a deal-by-deal
basis. The firm uses a rigorous approach to identify
market-leading companies with identifiable growth opportunities
and capable management teams in targeted sectors, including
distribution, logistics, financial services and business
services. Rotunda Capital partners with industry-leading
operating executives to grow each portfolio company. Since 2009,
Rotunda Capital has completed 12 platform investments and
realized four exits. The partners of Rotunda Capital actively
provide guidance and draw on deep industry and financial
relationships to contribute to the successful execution of
Rotunda’s companies’ strategic plans. For more, visit
www.rotundacapital.com.
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