Munch’s Supply, the HVAC division of Marcone, has acquired BellSimons, a family-owned distributor of heating, air conditioning, plumbing and refrigeration equipment and related parts and supplies in the HVAC/R industry.
The acquisition expands Munch’s geographic footprint to 103 locations serving 18 states and Ontario, Canada. It also looks to reinforce Marcone’s focus of partnering with family- and customer service-focused businesses looking for a long-term partnership or an exit strategy.
“We are excited to expand upon our company’s presence in the Northeast,” comments Jim Souers, Marcone’s CEO. “As we got to know the BellSimons team, led by Floran Boland, president, and Katie Zodda, controller and CFO, it was clear they have built a great business and possess a culture that aligns with our laser-like focus on taking great care of our people so they can deliver exceptional service to customers.
TM Capital served as financial advisor to BellSimons in connection with the transaction. BMO Capital Markets served as financial advisor to Marcone. Weil, Gotshal and Manges LLP served as legal advisor to Marcone.