News
Munch’s Supply Purchases Colorado-Based Comfort Air Distributing
Munch’s Supply, a leading Midwest-based heating, ventilation and air conditioning (HVAC) distributor, has acquired Comfort Air Distributing and its three Colorado branches. This will expand the company’s geographic footprint to 27 locations in nine states.
“The Comfort Air Distributing purchase is part of Munch’s long-term strategy to expand our platform into other regions through strategic acquisitions,” said Munch’s Supply CEO Robert Munch. “We are excited to welcome Comfort Air Distributing’s customers and employees. Customer service will remain our No. 1 priority.”
The company will continue to operate under the Comfort Air Distributing name, offering Rheem heating and air conditioning equipment. It will continue to serve Colorado and 13 Wyoming counties out of branches in Denver, Centennial and Colorado Springs, Colorado.
“We couldn’t have made it 30 years without the tremendous support from our customers and team members. I am very happy to find a trusted company in Munch’s to continue the Comfort Air legacy,” said Comfort Air Distributing president Jim O’Mara.
Dave Schrock, executive vice president of Comfort Air Distributing, added, “We are excited to find a company with similar values that is focused on preserving our family culture. It was important for us to find a partner who will care about our employees as much as we do.”
“Jim and Dave have done a wonderful job building a company with great people and a great culture. These are only found in the best organizations, and we are happy to support the team to continue to build on this foundation,” said Munch.
The acquisition demonstrates Munch’s ongoing commitment to the HVAC marketplace.
Munch’s Supply has been operating in the Chicagoland area since 1956. Rotunda Capital Partners, a private equity firm focused on lower middle-market and family-owned holdings, acquired a majority stake in Munch’s in 2015.
CapitalValue Advisors served as financial advisor to Comfort Air Distributing on the transaction.
About Munch’s Supply
Munch’s Supply was founded in 1956 by Willard Munch, who wanted to develop a local source of electrical supplies for area contractors. Today the company has more than 500 employees focused exclusively on supplying heating and cooling industry contractors with quality products. With a commitment to service honed for more than 63 years and as a leading distributor for trusted brands such as American Standard, Trane and Mitsubishi, Munch’s Supply, Tommark and O’Connor Company continue to serve as the premier source for HVAC contractors throughout Illinois, Northwest Indiana, Michigan, Oklahoma, Kansas, Nebraska, Iowa and Missouri.
About Rotunda Capital Partners
Rotunda Capital Partners is a private equity firm that invests equity capital in established and profitable lower middle-market companies. As an independent deal sponsor, Rotunda Capital raises and invests the capital of its principals, institutions, family offices and high net worth individuals on a deal-by-deal basis. The firm uses a rigorous approach to identify market-leading companies with identifiable growth opportunities and capable management teams in targeted sectors, including distribution, logistics, financial services and business services. Rotunda Capital partners with industry-leading operating executives to grow each portfolio company. Since 2009, Rotunda Capital has completed 12 platform investments and realized four exits. The partners of Rotunda Capital actively provide guidance and draw on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. For more, visit www.rotundacapital.com.