The locations, formerly The Wallace Organization – currently service local HVAC, Plumbing and Hydronics contractors, and hosts a kitchen and bath showroom. The new branches, located in Vineland, Bridgeton, and Ocean City will expand APR’s service area in southern New Jersey. 

Marcone announced that its HVAC division, Munch’s Supply has acquired BellSimons, including its 29 branches and three distribution centers in seven states servicing the New England area. This will expand the company’s geographic footprint to 103 locations serving 18 states and the province of Ontario, Canada.

If you’re selling your business, one of the most important considerations is who to sell the business to. Before you do a deep dive, think about whether to sell to a strategic or financial buyer.

This will expand Munch’s geographic footprint to 74 locations serving 17 states and one Canadian province.

This past year has been an unprecedented year for the mergers and acquisitions (M&A) space, hitting $5 trillion in volume in 2021 through over 40,000 transactions. The number of transactions in the distribution and manufacturing space has caused owners to take a closer look at their options regarding selling and/or acquisition options.

The acquisition, which is subject to customary closing conditions including regulatory approvals, is expected to close in the fourth quarter of 2022.

For Ed Long and Tom Murphy, the decision was almost a no-brainer. And if you’ve seen the way the two are transforming the 40-year-old stainless pipe, valves, fittings distributor — Ace Stainless — since purchasing the company in 2020, you’d be shocked to know it’s just a team of about 10 people behind the major growth.

Sussman Electric Boiler will continue its current operation out of its Long Island City, New York location.

The merger brings twenty-six independent Canadian distributors with forty-six locations into the AD family.