The Granite Group, a leading supplier of plumbing, heating, cooling, piping, water systems and energy products in the Northeast, has announced it has finalized the acquisition of United Plumbing Supply (UPS).
Based in Springfield, Massachusetts, UPS consists of one wholesale branch located at 377 Cottage Street and a decorative plumbing showroom called, “The Bath & Kitchen Gallery,” located at 1060 Memorial Avenue in West Springfield. Effective April 1, 2022, both locations began operating under The Granite Group umbrella.
Zurn Water Solutions Corp. and Elkay Manufacturing Co. announced they have reached a definitive agreement to combine the businesses in an all-stock transaction. Upon completion of the transaction, Zurn Water Solutions shareholders will own approximately 71% and Elkay shareholders will own approximately 29% of the combined and newly named company — Zurn Elkay Water Solutions Corp.
F.W. Webb Company announced the acquisition of Stritt & Priebe, a specialist in industrial valve supply, service and repair in Buffalo, New York, and VJ Stanley, a wholesale-distributor and manufacturers' representative of steam and hydronic products in Rochester, New York.
Marcone, a distributor of home appliance, HVAC and plumbing repair parts and equipment across North America and current portfolio company of Genstar Capital announced it has acquired Munch’s Supply, a distributor of HVAC equipment, parts and supplies from Ridgemont Equity Partners. Ridgemont and the Munch’s management team will retain a meaningful minority stake in the combined entity.
Founded in 1990, VEP provides a patented shield product designed for all types of piping, as well as seismic applications, and has built its reputation on providing responsive customer service and innovative product design.
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.
“As we enter into 2022,” — when you say that out loud it sounds a lot like “2020-2.” Don’t be alarmed, I believe things are moving in a positive direction. I have laid out trends that I see as important factors moving into the new year. I am not going to prognosticate about where the stock market is going, but rather about what I feel is going to be the most important factors impacting supply houses across the country.
Marcone, a residential appliance parts distributor and portfolio company of Genstar Capital, announced it has acquired Professional Plumbing Group (PPG), a distributor of plumbing products for repair and remodel applications. PPG designs, manufactures, markets and distributes plumbing products. PPG’s portfolio includes products from two proprietary brands — Wolverine Brass and Speakman — as well as third-party products across all of the leading brands.
