Ridgemont Equity Partners is now the owner of Munch’s Supply (“Munch’s” or the “Company”), subsuming the company's management team led by CEO Bob Munch with the purchase. Financial terms of the transaction were not disclosed.
“Specialty distribution has been a cornerstone of Ridgemont’s Business and Industrial Services practice, and we have been focused on identifying opportunities within the HVAC sector for many years,” said Jack Purcell and Tim Dillon, partners at Ridgemont, in a joint statement about the acquisition. “Munch’s is the only private equity backed top 50 HVACR distribution platform in the country, which makes the Company uniquely positioned to continue its growth trajectory through increased M&A and other initiatives that will enhance its presence in its existing markets and aid in the development of new markets.”