Dayton, Ohio-based WinWholesale has acquired Security Supply, of Selkirk, N.Y. The transaction closed April 13. Terms of the purchase were not disclosed.
Security Supply is a wholesale distributor of plumbing, heating and air conditioning products with 12 locations serving the lower Mid-Hudson Valley, north through the Adirondack region of New York, western Massachusetts and eastern Vermont. The company will continue to do business as Security Plumbing & Heating Supply. With the acquisition, WinWholesale now has more than 570 locations in 45 states.
Kim Willey has been named president of Security Supply; other current key managers will assume senior positions at the company. These senior-level managers will be offered substantial equity in the respective companies at some point in the future.
“Security Supply has a strong market presence with a solid name and reputation in New York, Massachusetts and Vermont,” said Jack Johnston, WinWholesale president. “They have a long history of building solid customer relationships and providing high quality products including being the most successful Kohler distributor in their trading area. A key component of our growth strategy is to acquire successful wholesaling companies that strengthen our presence in key markets and fit well within our targeted industries. Security Supply is a profitable company with a solid management team.”
“We are very proud to join the Win Group of Companies,” Willey said. “Being part of one of the national leaders in wholesale distribution will further strengthen our presence in our market and propel our future growth.”
In other WinWholesale news, the company recently named its vendors of the year for 2014 in their respective product categories. Winners include: Victaulic (Fire), Unitary Products Group (HVAC), Uponor (Hydronic), NIBCO (Industrial), A. O. Smith (Plumbing), Liberty Pumps (Pump), Milwaukee Tool (Tools) and Advance Drainage Systems (Waterworks).
WinWholesale also named its companies of the year for its various industry segments. SheltonWinnelson (Conn.) was named Plumbing Company of the Year. Albuquerque Winair (N.M.) was named HVAC Company of the Year. Baltimore Windustrial earned Industrial Company of the Year honors, while Midland (Texas) Winpump was named Niche Industry Company of the Year and Bend (Ore.) Winsupply was named Turf Irrigation Company of the Year.
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