The Gustave A. Larson Co. announced it closed on the purchase of Progress Supply, Inc. (PSI), on December 17, 2021.
Progress Supply is a long-time established and successful multi-location HVAC and Refrigeration distribution company in central and southwestern Ohio, southeast Indiana and northern Kentucky.
Gustave A. Larson Co. thanks Progress Supply’s owners, Mark Faessler and K.C. Faessler, for growing a successful business with great customer relationships. Mark Faessler has exited the business as of the close of the sale, and we wish him an enjoyable retirement. Gary Sparks, who has been the President of Progress Supply for the last 10 years, will become Vice President/General Manager of Progress Supply, a Gustave A. Larson Company.
“This acquisition increases our presence in Ohio and Kentucky and means that we can now support more contractors in these areas with our extensive inventory and dedicated customer service. Moreover, Progress Supply aligns with our Larson values and culture, and brings the same level of commitment and service to its customers,” said Scott Larson, Gustave A. Larson president and COO.
Progress Supply has been in business since 1960 and is headquartered in Cincinnati, Ohio, with branches in Cincinnati, Columbus, Dayton and Louisville, Kentucky. PSI is recognized as a market leader in the commercial refrigeration segment and has long-time established relationships with key manufacturing partners.
“I’d like to thank our dedicated employees for their commitment to serving our customers over the years. Our goal has always been to get the product or information that our customers have requested, into their hands when they need it. We will go out of our way to meet our customers’ needs and appreciate their partnership and support. Although the ownership is changing, I can assure you that the people and customer service will remain the same,” said Progress Supply owner Mark Faessler.