Marcone, a leading distributor of home appliance, HVAC and plumbing repair parts and equipment and portfolio company of Genstar Capital, has acquired Munch’s Supply, a distributor of HVAC equipment, parts and supplies, from Ridgemont Equity Partners.
Munch is a supplier of HVAC and plumbing replacement parts and equipment and sells an estimated 135,000 SKUs across 65 facilities. The deal results in Marcone now operating across 3 large, growing markets and services millions of homes, technicians and larger strategic customers. The firm also offers a suite of services and technology including training, payrolls, insurance, inventory management and field service management.
“Munch’s has built a strategic partnership with the preeminent industry OEMs, offering the highest quality and most trusted brands in the market,” stated Jim Souers, CEO of Marcone. “Customers value their partnership with Munch’s, and we hope to build on the relationships they have established to offer additional products and services. As we further build Marcone as a partner serving the appliance, HVAC and plumbing sectors.”
Baird and Houlihan Lokey served as financial advisors to Munch’s. BMO Capital Markets served as financial advisor to Genstar and Marcone. Alston & Bird served as legal counsel to Munch’s. Weil, Gotshal & Manges LLP served as legal counsel to Genstar and Marcone.