Marcone Acquires Great Plains/Pool & Spa Products Inc.
Randall Hudspeth comes to the Marcone Group from HVAC distributor Johnstone Supply-The Petit Group, where he was chief commercial officer.
Image courtesy of the Marcone Group
ST. LOUIS, Mo. — Marcone, a distributor of home appliance, HVAC, and plumbing repair parts and equipment across North America and current portfolio company of Genstar Capital, announced that it has acquired Great Plains/Pool & Spa Products, a pool and spa equipment and parts distributor serving the Midwest and Gulf Coast regions through branches in Kansas City and Houston. This new partnership represents Marcone’s entry into the $10 billion pool and spa distribution space.
Marcone has been operating for nearly 90 years and is a distributor of OEM appliance replacement parts in North America. Marcone has successfully partnered with Munch’s Supply, a 65-year-old HVAC distributor with over 1,200 employees in 74 locations serving 17 states and one Canadian province, as well as Professional Plumbing Group, a national plumbing distribution company that owns the Wolverine Brass and Speakman brands. Marcone is committed to partnering with family and customer-service focused businesses looking for either a long-term partnership or an exit strategy.
“This acquisition marks our first partnership in the growing pool and spa equipment and parts space," said Jim Souers, chief executive officer of Marcone. "We are excited about the growth and expansion opportunities this acquisition will allow as we look to partner with additional best-in-class pool and spa distribution companies, as well as leveraging our national distribution network to grow organically. We’re excited to partner with the associates of Great Plains."
“As a second generation family-owned business for almost 40 years, the Reiff and Patterson families take great pride in providing our customers with quality products at a competitive price with superior customer service. We are excited about partnering with Marcone and using the Great Plains platform as a launching pad to become a national distributor of pool and spa parts and supplies,” said Susan Reiff Ahn, majority owner, Great Plains/Pool & Spa Products Inc.
“The Great Plains acquisition is a great first step as we enter the growing pool and spa parts space, and fits squarely into the team’s vision of being the hub for parts and services to the home," added Rob Rutledge, managing director at Genstar Capital. "We are excited to partner with the Great Plains team and look forward to growing through organic initiatives as well as continued M&A opportunities.”
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