Rotunda Builds Munch’s Supply

Munch’s Supply, a heating, ventilation and air conditioning (HVAC) supplies distributor and a portfolio company of Rotunda Capital Partners since April 2015, has acquired Kansas-based O’Connor Company.

O’Connor Company is a distributor of HVAC equipment, parts, controls, and accessories from HVAC OEM’s including American Standard, Bosch, ClimateMaster, Honeywell, Mitsubishi Electric, Trane and other major HVAC manufacturers. The company was founded by Joe O’Connor in 1920 and has locations in Kansas City (headquarters), Wichita, Tulsa, Des Moines, and Omaha (www.oconnor-hvac.com).

The buy of O’Connor Company expands Munch’s Supply’s service area into Oklahoma, Kansas, Nebraska, Iowa and Missouri. “The O’Connor purchase is part of Munch’s long-term strategy to aggressively grow into other regions through strategic acquisitions,” said Munch’s CEO Robert Munch. Munch and O’Connor will now have 18 branches in eight states. Munch’s expanded to Michigan with three branches in 2015, another in northwest Indiana in 2016 and Elgin, Illinois in 2017.

Munch’s Supply, operating 12 branch locations in in Chicago, northwest Indiana and Michigan, distributes heating and cooling supplies to area dealers and contractors and has more than 10,000 SKUs from more than 100 manufacturers. Munch’s Supply was founded in 1956 by founder Willard Munch and is headquartered southwest of Chicago in New Lenox, IL (www.munchsupply.com).

O’Connor will continue to operate under the same name as an independent company and will retain its current management team with Executive Director of Operations, Greg Borr stepping into the role of President.

Rotunda Capital invests in businesses with enterprise values of $15 million to $100 million. Sectors of interest include logistics, value-added distribution, specialty finance, and business services. Since founding in 2009, Rotunda has completed ten platform investments and realized four exits. The firm is headquartered in Bethesda, MD with an office in Evanston, IL (www.rotundacapital.com).

© 2017 Private Equity Professional | December 5, 2017

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