Acquisition of Munch’s Supply

Industrial
Acquisition of Munch’s Supply

Summary

Baird served as financial advisor to Ridgemont Equity Partners on this transaction

About

Ridgemont Equity Partners ("Ridgemont") has acquired a majority stake in Munch’s Supply (“Munch’s”), a portfolio company of Rotunda Capital Partners, LLC (“Rotunda Capital”). The terms of the transactions were not disclosed.

Ridgemont is a middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested approximately $4.4 billion. Ridgemont focuses on equity investments up to $250 million in industries in which it has deep expertise, including business and industrial services, energy, healthcare, and technology and telecommunications. Ridgemont is based in Charlotte, North Carolina.

Founded in 1956, Munch’s is a leading wholesale distributor of HVAC equipment, parts and supplies to residential and commercial customers in the Midwest, Great Plains and Mountain territories. Munch’s distributes products from more than 100 leading HVAC equipment, parts and supplies manufacturers, including Trane, American Standard, Rheem and Mitsubishi. Munch’s is based in New Lenox, Illinois.

Rotunda Capital is a private equity firm that invests equity capital in established and profitable lower middle market companies. Rotunda Capital uses a rigorous approach to identify market-leading companies with identifiable growth opportunities and capable management teams in targeted sectors, including distribution, logistics, specialty finance and business services. Since 2009, Rotunda Capital has completed twelve platform investments and realized four exits. Rotunda Capital is based in Bethesda, Maryland.
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Industrial
Acquisition of Munch’s Supply
Date
April 2019
Company
Ridgemont Equity Partners
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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