WASHINGTON and CHICAGO — Rotunda Capital Partners, a private equity investment firm, has acquired a majority stake in Munch’s Supply Co. Inc., a leading HVAC distributor operating in Chicago and northwest Indiana. Financial terms of the transaction were not disclosed.
“Munch’s Supply has built a robust business over 60 years, driven by providing superior products and incredible service,” said Corey Whisner, a partner at Rotunda. “We are thrilled to partner with their existing team to help them reach their next level of growth through continued leadership in the greater Chicago market as well as expansion into new regions.”
Munch’s Supply operates out of seven branches in Chicago and northwest Indiana, distributing heating and cooling supplies from over 350,000 square feet of warehouse space to area dealers and contractors. Company CEO Robert Munch, as well as the rest of the management team, will remain with the company.
“As we evaluated our options for growing the company, it became clear that Rotunda was an ideal partner for us to assist our company in the next stage of expansion,” said Munch. “The firm brings tremendous expertise in the distribution space, and we’ve outlined a strategy together that will allow us to aggressively expand to new regions while continuing to invest in our core Chicago market.”
“We see tremendous opportunities for Munch’s Supply to move into other markets through acquisitions of like-minded distributors in other regions,” said Dan Lipson, a partner at Rotunda. “Their culture of service, cultivated through 60 years of family ownership, will continue and offers a tremendous platform for growth, both in Chicago and elsewhere, and we look forward to working with Bob to accomplish his goals for the company.”
For more information, visit www.munchsupply.com.
Publication date: 4/13/2015