Rotunda Capital Partners, a lower-middle-market private equity investment firm, has acquired a majority stake in Munch’s Supply Co., Inc., an HVAC distributor and third-generation family business operating in Chicago and northwest Indiana. The financial terms of the investment were not disclosed.
“Munch’s Supply has built a robust business over 60 years driven by providing superior products and incredible service,” Rotunda Partner Corey Whisner said. “We are thrilled to partner with their existing team to help them reach their next level of growth through continued leadership in the greater Chicago market as well as expansion into new regions.”
Munch’s Supply operates out of seven branches in Chicago and northwest Indiana, distributing heating and cooling supplies from more than 350,000 sq. ft. of warehouse space to area dealers and contractors. Company CEO Robert Munch as well as the rest of the management team will remain at the helm of the growing company.
“As we evaluated our options for growing the company it became clear Rotunda was an ideal partner for us to assist our company in the next stage of expansion,” Munch said. “The firm brings tremendous expertise in the distribution space and we’ve outlined a strategy together that will allow us to aggressively expand to new regions while continuing to invest in our core Chicago market.”
Rotunda Partner Dan Lipson added: “We see tremendous opportunities for Munch’s Supply to move into other markets through acquisitions of like-minded distributors in other regions. “Their culture of service cultivated through 60 years of family ownership will continue and offers a tremendous platform for growth both in Chicago and elsewhere. We look forward to working with Bob to accomplish his goals for the company.”
Livingstone served as the exclusive financial advisor to Munch’s Supply.