Ridgemont acquires Munch’s Supply
Summary
“Specialty distribution has been a cornerstone of Ridgemont’s Business and Industrial Services practice, and we have been focused on identifying opportunities within the HVAC sector for many years,” said Jack Purcell and Tim Dillon, Partners at Ridgemont, in a joint statement. “Munch’s is the only private equity backed top 50 HVACR distribution platform in the country, which makes the Company uniquely positioned to continue its growth trajectory through increased M&A and other initiatives that will enhance its presence in its existing markets and aid in the development of new markets.” “We are pleased to announce our new partnership with Ridgemont and believe their experience building best-in-class national distributors is critical to successfully executing our future vision,” said Bob Munch, CEO of Munch’s. “Further investment in our business will enable our leadership team to continue to expand our geographic footprint, deepen our parts and supplies offering and improve our technical capabilities to better serve our customers and supplier partners.” The Company distributes products from more than 100 leading HVAC equipment, parts and supplies manufacturers, including Trane, American Standard, Rheem and Mitsubishi.