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Ridgemont Equity Partners Acquires Munch’s Supply

April 12, 2019

Leading Wholesale HVAC Distributor to Expand Geographic Footprint and Product Offering


Charlotte, NC and New Lenox, IL (April 12, 2019) – Ridgemont Equity Partners, a middle market private equity investor, today announced the acquisition of Munch’s Supply (“Munch’s” or the “Company”) alongside the Company’s seasoned management team, led by CEO Bob Munch. Munch’s is a leading wholesale distributor of heating, ventilation and air conditioning (“HVAC”) equipment, parts and supplies. Financial terms of the transaction were not disclosed.

The Company was founded in 1956 and supplies HVAC equipment to residential and commercial customers in the Midwest, Great Plains and Mountain states through 27 branch locations. Munch’s Supply distributes products from more than 100 leading HVAC equipment, parts and supplies manufacturers, including Trane, American Standard, Rheem and Mitsubishi.

“Specialty distribution has been a cornerstone of Ridgemont’s Business and Industrial Services practice, and we have been focused on identifying opportunities within the HVAC sector for many years,” said Jack Purcell and Tim Dillon, Partners at Ridgemont, in a joint statement. “Munch’s is the only private equity backed top 50 HVACR distribution platform in the country, which makes the Company uniquely positioned to continue its growth trajectory through increased M&A and other initiatives that will enhance its presence in its existing markets and aid in the development of new markets.”

“We are pleased to announce our new partnership with Ridgemont and believe their experience building best-in-class national distributors is critical to successfully executing our future vision,” said Bob Munch, CEO of Munch’s. “Further investment in our business will enable our leadership team to continue to expand our geographic footprint, deepen our parts and supplies offering and improve our technical capabilities to better serve our customers and supplier partners.”

Lincoln International served as financial advisor to Munch’s Supply. Financing for the transaction was led by incumbent lenders PNC Erieview Capital, Kayne Anderson Private Credit and JPMorgan, with additional support provided by AEA Private Debt, PineBridge Private Credit and Stellus Capital Management, LLC. Alston & Bird LLP provided legal services to Ridgemont. Baird and Livingstone served as financial advisors to Ridgemont.

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. Proudly celebrating its 65th year in business in 2021, Munch’s Supply operates with a commitment to service as a leading distributor for trusted brands such as American Standard, Trane, Mitsubishi and Rheem. 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 Ridgemont Equity Partners

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital.