Munch’s Supply Acquires Michigan-based Tommark Company
Aug. 29, 2018
NEW LENOX, Ill.--(BUSINESS WIRE)--Aug 29, 2018--Munch’s Supply, a leading Midwest-based heating, ventilation and air conditioning (HVAC) distributor has acquired Tommark Company and its six Michigan branches. This will expand the company’s geographic footprint to 24 locations, including 12 Munch’s Supply branches in Chicago, Northwest Indiana and Michigan along with six O’Connor Company branches in Oklahoma, Kansas, Nebraska, Iowa and Missouri.
“Tommark has a great team in place and we look forward to expanding into new product and customer segments,” said Munch’s CEO Robert Munch. “We are excited to further develop our company’s presence in the state of Michigan through Tommark’s convenient locations. Superior, award-winning customer service remains our number-one priority.”
“This partnership will give our customers access to Munch’s proven and impressive framework that includes enhanced technology and a strong name brand product offering,” said Scott Larson.
The union of these two companies demonstrates Munch’s ongoing commitment to the HVAC marketplace and reinforces its commitment to partner with family and customer-service focused businesses. Munch and Tommark will combine to operate nine branches in Michigan.
“The Larson brothers have done a fantastic job building a solid and successful operation with superior dedication to their family of contractors,” added Munch. “We look forward to working with Jon, Scott and the talented Tommark team.”
Jon Larson added, “We are excited to be part of a company with a similar culture that is focused on family values. It was important for us to find a partner who cared about our employees as much as we do.”
Stocking more than 10,000 SKUs per location, Munch’s is a full-service, “one-stop-shop” for busy HVAC dealers and contractors.
Munch’s Supply has been operating in the Chicagoland area since 1956. Rotunda Capital Partners, a private equity firm focused on lower middle-market and family-owned holdings, acquired a majority stake in Munch’s in 2015.
About Munch’s Supply
Munch’s Supply was founded in 1956 by Willard Munch, who wanted to develop a local source of electrical supplies for area contractors. Today the company has more than 450 employees focused exclusively on supplying heating and cooling industry contractors with quality products. With a commitment to service honed for more than 60 years and as a leading distributor for trusted brands such as American Standard and Trane, Munch’s Supply and its subsidiary O’Connor Company continue to serve as the premier source for HVAC contractors throughout Illinois, Northwest Indiana, Michigan, Oklahoma, Kansas, Nebraska, Iowa and Missouri.
About Rotunda Capital Partners
Rotunda Capital Partners is a private equity firm that invests equity capital in established and profitable lower middle-market companies. As an independent deal sponsor, Rotunda Capital raises and invests the capital of its principals, institutions, family offices and high net worth individuals on a deal-by-deal basis. The firm uses a rigorous approach to identify market-leading companies with identifiable growth opportunities and capable management teams in targeted sectors, including distribution, logistics, financial services, and business services. Rotunda Capital partners with industry-leading operating executives to grow each portfolio company. Since 2009, Rotunda Capital has completed 10 platform investments and realized four exits. The partners of Rotunda Capital actively provide guidance and draw on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. For more, visit www.rotundacapital.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005062/en/
CONTACT: Munch Supply LLC
Mary Jo Hann
LANE, a Finn Partners Company
Sean Mogle, 212-593-5801
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: RETAIL SPECIALTY CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Munch’s Supply
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PUB: 08/29/2018 08:00 AM/DISC: 08/29/2018 08:01 AM