Munch’s Supply, a portfolio company of Rotunda Capital Partners since April 2015, has acquired Tommark Company from Jon and Scott Larson.
Tommark is a distributor of heating, ventilation and air conditioning (HVAC) equipment and controls that are used in residential and commercial applications. The company carries equipment from Maytag, Kelvinator, Dunkirk, Modine, Tecumseh, Honeywell, Emerson and others. Tommark was founded in 1921 and has seven locations in the state of Michigan with a headquarters near Detroit in Jackson, MI (www.tommark.com).
Munch’s Supply distributes heating and cooling supplies to dealers and contractors and has more than 10,000 SKUs from more than 100 manufacturers. The buy of Tommark will expand Munch’s geographic footprint to 24 locations, including 12 Munch’s Supply branches in Chicago, Northwest Indiana and Michigan along with six O’Connor Company branches in Oklahoma, Kansas, Nebraska, Iowa and Missouri. Munch and Tommark will combine to operate nine branches in Michigan.
Munch’s Supply, founded in 1956, has 450 employees and is headquartered southwest of Chicago in New Lenox, IL (www.munchsupply.com).
“Tommark has a great team in place and we look forward to expanding into new product and customer segments,” said Munch’s CEO Robert Munch. “We are excited to further develop our company’s presence in the state of Michigan through Tommark’s convenient locations. The Larson brothers have done a fantastic job building a solid and successful operation with superior dedication to their family of contractors. We look forward to working with Jon, Scott and the talented Tommark team.”
Rotunda Capital invests in businesses with enterprise values of $15 million to $100 million. Sectors of interest include logistics, value-added distribution, specialty finance, and business services. Since founding in 2009, Rotunda has completed ten platform investments and realized four exits. The firm is headquartered in Bethesda, MD with an office in Evanston, IL (www.rotundacapital.com).
© 2018 Private Equity Professional | August 30, 2018
