WinWholesale Acquires Security Supply
DAYTON, Ohio — WinWholesale Inc., acquired Security Supply, of Selkirk, N.Y. The transaction closed April 13. Terms of the purchase were not disclosed. WinWholesale is one of the nation’s largest distributors of supplies and materials to residential and commercial construction and industrial markets.
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. 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.”