WinWholesale Inc. obtained a majority interest in a new partnership with Carr Supply and Carr Supply of Michigan. What will this mean for management?
DAYTON, Ohio - WinWholesale Inc. obtained a majority
interest in a new partnership with Carr Supply and Carr Supply of Michigan. The
transaction, which closed in February, created a new company that will continue
the Carr Supply name and operate as its own entity. The former owners of the
company have retained their key management positions and a substantial equity stake
in the new partnership.
“Carr Supply is a high quality distributor to include in
WinWholesale’s portfolio,” said Jack Johnston, WinWholesale president. “Part of
our growth strategy is to invest in well-run wholesaling companies that fit
well within their industries and where we want to strengthen our presence. We
were attracted to Carr Supply’s long history of excellent customer service and
its strong business presence in the markets it serves.”
Carr Supply is a distributor of plumbing, heating,
ventilation, and air conditioning supplies and equipment, and water well
supplies based in Columbus, Ohio. The company also installs shower doors and
closet systems. Carr Supply has 13 locations in Ohio and two in Michigan.
“We are extremely pleased to have entered into this
partnership with WinWholesale,” said Greg Essig, Carr Supply president. “It
allows Carr Supply to build upon its long tradition of superior products and
customer service with increased financial strength.”
For more information, go to www.winwholesale.com.
WinWholesale Invests in Carr Supply
February 12, 2013