Add-on acquisition Jan 2022 · United States and Canada Verified
Marcone (Genstar Capital portfolio) acquires Munch's Supply from Ridgemont Equity Partners
Marcone, a Genstar Capital portfolio company, acquired HVAC distributor Munch's Supply from Ridgemont Equity Partners, who retained a minority stake along with management. The deal follows Marcone's recent acquisition of plumbing distributor PPG, expanding Marcone across appliances, HVAC, and plumbing.
“Marcone, a distributor of home appliance, HVAC, and plumbing repair parts and equipment across North America and current portfolio company of Genstar Capital, announced that it has acquired Munch’s Supply (“Munch’s”), a distributor of HVAC equipment, parts, and supplies from Ridgemont Equity Partners. The acquisition, combined with another recent acquisition of plumbing distributor Professional Plumbing Group (“PPG”), dramatically expands Marcone's services to the home. Ridgemont and the Munch’s management team will retain a meaningful minority stake in the combined entity.”
Entities
Genstar Capital · Sponsor Ridgemont Equity Partners · Sponsor Marcone · Acquirer Munch's Supply · Target Professional Plumbing Group · Mentioned
HVACOtherPlumbing
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