April 15, 2015: WinWholesale Acquires Security Supply
Adds 12 Locations Serving New York, Massachusetts, and Vermont
DAYTON, Ohio — WinWholesale Inc. has announced the acquisition of Security Supply, Selkirk, New York. Security Supply is a wholesale distributor of plumbing, heating, and air conditioning products with 12 locations serving the lower Mid-Hudson Valley, north through the Adirondack region of New York, western Massachusetts, and eastern Vermont. The company will continue to do business as Security Plumbing & Heating Supply.
Terms of the transaction were not disclosed. With the acquisition, WinWholesale now has more than 570 locations in 45 states.
Kim Willey has been named president of Security Supply; other current key managers will assume senior positions at the company. These senior-level managers will be offered substantial equity in the respective companies at some point in the future.
“Security Supply has a strong market presence with a solid name and reputation in New York, Massachusetts, and Vermont,” said Jack Johnston, WinWholesale president. “They have a long history of building solid customer relationships and providing high quality products including being the most successful Kohler distributor in their trading area. A key component of our growth strategy is to acquire successful wholesaling companies that strengthen our presence in key markets and fit well within our targeted industries. Security Supply is a profitable company with a solid management team.”
“We are very proud to join the Win Group of Companies,” said Willey. “Being part of one of the national leaders in wholesale distribution will further strengthen our presence in our market and propel our future growth.”
For more information, visit www.winwholesale.com.
Publication date: 4/13/2015