Munch’s Supply, a portfolio company of Rotunda Capital Partners since April 2015, has acquired Comfort Air Distributing and its three Colorado branches.
Comfort Air distributes Rheem furnaces; air conditioners; tankless, solar and standard water heaters; and geothermal systems to HVAC contractors in Colorado and 13 Wyoming counties. The company was founded in 1987 and has branches in Denver (headquarters), Colorado Springs and Centennial, CO (www.comfortairdistributing.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 Comfort Air will expand Munch’s geographic footprint to 27 locations in nine states.
Munch’s Supply, founded in 1956, has approximately 500 employees and is headquartered southwest of Chicago in New Lenox, IL (www.munchsupply.com).
“The Comfort Air 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.
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 12 platform investments and realized four exits. The firm is headquartered in Bethesda, MD with an office in Evanston, IL (www.rotundacapital.com).
CapitalValue Advisors (www.capitalvalue.net), a Denver-based investment bank, was the financial advisor to Comfort Air Distributing.
© 2019 Private Equity Professional | March 13, 2019