April 16, 2019 2:30 PM, EDT

Ridgemont Equity Partners Buys Munch’s Supply

Buyout Provides Support for Nationwide Expansion
Munch's Munch's Supply

Ridgemont Equity Partners acquired Munch’s Supply, a wholesale distributor of heating, ventilation and air conditioning equipment and supplies based in New Lenox, Ill., from Rotunda Capital Partners.

Munch's distributes products from more than 100 manufacturers, including Trane, American Standard, Rheem and Mitsubishi, to customers in the Midwest, Great Plains and Rocky Mountain states. The company maintains 27 locations and operates a fleet of about 70 straight trucks.

Ridgemont Equity Partners logo

Rotunda Capital Partners first acquired a majority stake in Munch’s Supply in 2015, and the company has made a number of acquisitions since then, including O’Connor Co. in Lenexa, Kan., and Comfort Air Distributing in Denver.

“Specialty distribution has been a cornerstone of Ridgemont’s business and industrial practice,” Jack Purcell and Tim Dillon, partners at Ridgemont, said in a joint statement issued April 12. “Munch’s is the only private equity backed top 50 HVACR distribution platform in the country, which makes the company uniquely positioned to continue its growth trajectory through mergers and acquisitions, and other initiatives that will enhance its presence in existing markets and aid in the development of new markets.”

Bob Munch, CEO of Munch’s Supply, said Ridgemont’s experience in building distribution operations will help the company achieve its goals.

“Further investment in our business will enable our leadership team to continue to expand our geographic footprint, deepen our parts and supplies offerings and improve our technical capabilities,” he said.

Neither company disclosed the terms of the transaction.

Ridgemont Equity Partners, based in Charlotte, N.C., has invested approximately $4.4 billion since 1993. Companies in the portfolio include Amerit Fleet Solutions and Dickinson Fleet Services, Casillas Petroleum and Worldwide Express. — Transport Topics