Articles Tagged with ''HVAC distributors''

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. 

After cancelling our 2020 in-person conference due to the pandemic, members of the association were able to come back together for an in-person meeting. The event welcomed 401 wholesaler attendees from 153 member companies for a grand total of 1,525 attendees from 578 member companies present at the event. The booth program sold out with 241 vendors participating.

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) announced the hiring of Zachary Perge as the organization’s first vice president of distribution strategies. Perge comes to HARDI from Deloitte Consulting where he was senior consultant, consumer M&A division. Perge was the integration lead for a $38 billion merger of two semiconductor companies, developed a $30-$50 million cost reduction program for a Fortune 500 consumer company, and generated more than $46 million in new projects for Deloitte during his time there.

The annual competition among Heating Air-conditioning and Refrigeration Distributors International (HARDI) members recovered 239 pounds of mercury from 70 member companies, increasing more than 16 pounds from last year, despite the COVID-19 pandemic. In addition, more than 380 branch locations returned collection bins during the contest period, from May 1 to October 31.

Munch’s Supply a Chicagoland area-based heating, air conditioning and plumbing distributor, has acquired TML Supply and its 13 branches servicing the province of Ontario, Canada. This will expand Munch’s geographic footprint to 64 locations serving 16 U.S. states and one Canadian province.

HARDI board of directors approved the restriction of up to $500,000 of HARDI’s reserve funds to establish a new “Legal Defense Fund” in case litigation is necessary to overturn policies that can have a negative impact on HVACR wholesale-distribution. 

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 21 percent during September. The average annual sales growth for the 12 months through September is 19.6%.

Employees from Munch’s Supply, a Midwest-based HVAC distributor, participated in the virtual St. Jude’s Walk/Run to End Childhood Cancer on Sept. 25. 

HARDI released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 26.4 percent during August.