Heritage Distribution Holdings, the U.S. platform for global HVACR wholesaler Beijer Ref, has signed an agreement to acquire Young Supply Company.
A wholesale commercial refrigeration and HVAC distributor, Young Supply serves contractors in the midwestern United States including Michigan and Northern Ohio – territories adjacent to its current holdings.
Young Supply has annual sales of approximately USD$130 million with 18 branches.
Young Supply is a family-owned company that was founded in 1935.
The company has strong alignment with Heritage Distribution’s key suppliers.
Young Supply will continue to operate under its own brand, in both distribution and marketing. The existing management will roll-over investment into Heritage Distribution and continue to run the business.
The acquisition is expected to have a positive impact on the group’s result and position. Young Supply employs approximately 200 people.
Young Supply president, Tony Vallan, the Young Supply team looks forward to contributing to the world-renowned Heritage Distribution Holdings and Beijer Ref family of companies.
Heritage Distribution CEO, Alex Averitt, said this strategic acquisition marks an inflection point in Heritage Distribution's journey, solidifying its commitment to growth and innovation in the HVACR industry.
“This latest addition underscores our unwavering commitment to deliver enhanced services and solutions to a wider demographic, ultimately empowering more individuals to lead healthier and more comfortable lives,” he said.