Houlihan Lokey Advises Munch's Supply

Houlihan Lokey is pleased to announce that Munch’s Supply, a portfolio company of Ridgemont Equity Partners, has been acquired by Marcone, a portfolio company of Genstar Capital. The transaction closed on December 31, 2021.

Munch’s Supply is a leading distributor of equipment, parts, and supplies for trusted brands such as American Standard, Trane, Mitsubishi, Rheem, Kohler, and many more. With approximately 1,100 employees across 65 locations, the company provides quality products and exceptional service to thousands of HVAC and plumbing contractor customers. Through Munch’s Holdings, LLC, it operates Munch’s Supply, Tommark, O’Connor Company, Comfort Air Distributing, C&L Supply HVAC and Plumbing, API of NH and Delta T, Marks Supply, and TML Supply, which continue to serve as the premier sources for HVAC and plumbing equipment, parts, and supplies throughout North America. Munch’s Supply was founded in 1956 and is headquartered in Hillside, Illinois.

Ridgemont Equity Partners is a Charlotte-based middle-market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5.5 billion. The firm focuses on equity investments of up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies.

Marcone is an authorized distributor for major brands such as Whirlpool, Electrolux, General Electric, Maytag, Bosch, Samsung, LG, and many more. Through its vast distribution network, Marcone supplies the largest inventory of original replacement parts in the country for household appliances such as refrigerators, ranges, dishwashers, microwaves, washers, and dryers. Marcone exports globally and also operates a comprehensive training institute offering quality business and technical training. Headquartered in St. Louis, Marcone operates 113 facilities, has approximately 2,000 employees, and serves approximately 43,000 technician customers.

Genstar Capital is a leading private equity firm that has been actively investing in high-quality companies for over 30 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $33 billion of assets under management and targets investments focused on targeted segments of the financial services, industrials, healthcare, and software industries.

Houlihan Lokey served as a financial advisor to Munch’s Supply and assisted in initiating, structuring, and negotiating the transaction on its behalf.