Advantage Distribution Holdings Completes Acquisition of CTC Supply
Summary
“I’m excited to help lead CTC, alongside our amazing team, as we double-down on the exceptional service our loyal customers and vendor partners have come to expect.” As part of the transaction, Clay Holder will be joining ADH as its Chief Executive Officer. “The TCP team and I have a shared belief in the tremendous opportunity the HVAC distribution industry presents, and I look forward to partnering with best-in-class operators, such as CTC Supply, as we build an industry-defining platform together.” “We are thrilled to welcome Clay Holder as ADH’s CEO,” added Och, Gatof and Katz. Core to ADH’s differentiated partnership approach is the foundational belief that every employee should receive equity ownership and the ability to share in the value they help create. In an industry where scale and regional density determine those who rise to the top, ADH is committed to providing the capital, resources, and relationships required to catalyze growth. Capital, Coatue Management, and Citadel, investment banks including Goldman Sachs and Credit Suisse, and FinMkt, a FinTech software solution offering home improvement financing.