Gryphon Investors, a middle-market private equity firm, has bought Ed’s Supply, a wholesale distributor of HVAC/R.
Ed’s Supply has been a wholesale distributor and service provider for over 60 years. Ed’s Supply offers services ranging from refrigeration system design to temperature control and air purification services.
Ed’s Supply will join two existing companies, Benoist Brothers Supply and Wittichen Supply, as it joins Heritage Distribution Holdings. Heritage Distribution Holdings platform is an umbrella company that encompasses several brands of HVAC/R distributors, including Ed’s Supply, across eight states.
Alex Averitt, CEO of Heritage Distribution Holdings, said, “We are thrilled to welcome the entire Ed’s Supply team. Their robust product and service offerings are highly complementary to our existing lines and their strategic footprint will help us round out our presence in the attractive Southeast market.”
Heritage Distribution Holdings was advised by legal counsel Kirkland & Ellis. Waller Lansden Dortch & Davis, LLP served as legal counsel to Ed’s Supply, PNFP Capital Markets, Inc. served as exclusive financial advisor to Ed’s Supply, and Lakoff & Co. served as accounting advisor to the Company.