Mingledorff’s Inc. to Acquire Mechanical Equipment Company Inc.
Mingledorff’s, Inc. (“Mingledorff’s”) is pleased to announce the signing of a non-binding letter of intent to acquire Mechanical Equipment Company, Inc. of Lawrenceville, Georgia (“Mechanical Equipment”). The parties hope to close the transaction in the first quarter of 2021. Customers of both parties should benefit from significant synergies to better service customers, including the expansion of product offerings and the sharing of best practices.
“We have had great admiration and respect for Mechanical Equipment and its operation over the past 57 years. Mechanical Equipment has a ‘Customer First’ mind set which is culturally in line with Mingledorff’s business philosophy. We are excited about collaborating with Mechanical Equipment’s team, integrating our digital/technological platforms while focusing on customer relationships and employee engagement in the future,” said David R. Kesterton, Mingledorff’s Inc. President and Chief Executive Officer.
The President of Mechanical Equipment, Brandon Childress, added “We believe Mingledorff’s gives us the infrastructure to expand our business model across Mingledorff’s footprint. We look forward to becoming part of Mingledorff’s team as we continue to provide ‘best in class’ customer service.”
Mechanical Equipment was founded by A. Jack Childress in 1963. Following Jack’s tenure as President, his son, Brud Childress held the leadership position followed by current President Brandon Childress. Mechanical Equipment distributes HVAC products throughout the North Georgia region. Currently, Mechanical Equipment operates out of four distribution centers located in Lawrenceville, Braselton, Cumming, and Marietta, Georgia.
About Mingledorff’s, Inc.
Mingledorff’s is the largest independent Carrier Air Conditioning distributor in the United States. Mingledorff’s operates through 35 distribution centers located in five states throughout the Southeast United States. Additional subsidiaries include George Holden & Associates, Inc., headquartered in Peachtree Corners, Georgia, and Commercial Controls Group, Inc. (“CCG”) also headquartered in Peachtree Corners, Georgia.
To learn more visit us at www.Mingledorffs.com.