Creates multi-region HVACR parts and equipment distribution platform
SAN FRANCISCO, CA — Gryphon Investors, a middle-market private equity firm, has acquired Benoist Brothers Supply Co., a Midwest-based regional distributor of HVACR equipment, parts, and supplies. Gryphon plans to operate Benoist
as an independent division of its Wittichen Supply Holding Company under the Benoist brand, alongside existing portfolio company Wittichen Supply Company, a wholesale distributor of HVACR equipment, parts, supplies, and customer service to residential and commercial customers based in the Southeastern United States. Financial terms of the transaction were not disclosed.
Benoist will continue to be led by its current management team, including CEO Peter Warren. Warren, along with the Benoist family, will retain a minority investment stake in Benoist.