Munch's Supply acquires Comfort Air Distributing
NEW LENOX - Munch's Supply, a heating, ventilation and air conditioning (HVAC) distributor, has acquired Comfort Air Distributing and its three Colorado branches.
Terms of the acquisition were not announced.
The move will expand Munch's Supply'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.
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.