Graycliff Partners LP, a middle-market investment firm, has made an investment in Republic Electric Company, a distributor of HVAC and electrical equipment and related parts for use in residential, commercial and industrial applications.
Founded in 1916 and based in Davenport, Iowa, Republic offers products and support to customers such as HVAC and electrical contractors as well as industrial and OEM customers. The company supplies over 40,000 different products including residential and commercial HVAC systems, switch gear, controls and lighting services, as well as related parts and tools. Republic also provides logistical support, training assistance and other services with a focus on customer service, delivery speed, reliability and product availability.
“We’re excited to partner with the Republic team to support existing initiatives and capitalize on growth opportunities, while prioritizing the exceptional customer-oriented culture that has been the cornerstone of the company’s strong reputation in the region for over 100 years,” states Brandon Martindale, partner at Graycliff.