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Northeast HVAC
News
Munch's Supply, A Marcone Company, Acquires
BellSimons.
Leading HVAC Distributor Expands in New England
 Marcone
is pleased to announce that its industry leading heating,
ventilation, and air conditioning ("HVAC") division,
Munch's
Supply (the "Company") has acquired BellSimons, including its 29
branches and three distribution centers in seven states servicing
the New England area. This will expand the Company's geographic
footprint to 103 locations serving 18 states and the province of
Ontario, Canada.
Marcone is a leading technology enabled national distributor of
quality home appliance, HVAC, and plumbing parts and equipment to
technicians servicing the home. This acquisition demonstrates
Marcone's ongoing dedication to the HVAC marketplace and reinforces
its commitment to partnering with family- and customer
service-focused businesses looking for either a long-term
partnership or an exit strategy.
With help from Genstar Capital, Munch's Supply joined the Marcone
family of brands in 2021. Munch's Supply has been operating in the
Chicagoland area for more than 65 years and is consistently ranked
as a top 10 HVAC distributor in the United States that continues to
pursue organic and M&A growth opportunities.
Story
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"We are excited to
expand upon our Company's presence in the Northeast," said Jim
Souers, Marcone's CEO. "As we got to know the BellSimons team, led
by Floran Boland, President, and Katie Zodda, Controller and CFO, it
was clear they have built a great business and possess a culture
that aligns with our laser-like focus on taking great care of our
people so they can deliver exceptional service to customers. We are
happy to welcome both the customers and employees of BellSimons into
our family of brands."
"We have found a great partner in Marcone that shares our commitment
to culture, values and philosophy of customer-centered service.
Through the combination of two premier organizations, we are excited
to accelerate our growth together," said BellSimons President Floran
Boland. "I am also pleased to announce that Bob Casamento will lead
the business moving forward along with our talented management team.
We look forward to working with our new partners to grow the
business."
"For more than seven decades, the entire BellSimons organization has
demonstrated an ongoing commitment to its employees, customers and
vendors resulting in enduring success. They have a very talented
team and we look forward to working with them to grow the business,"
added Souers. "We will continue to build and invest in their strong
customer and vendor relationships."
TM Capital served as financial advisor to BellSimons in connection
with the transaction. BMO Capital Markets served as financial
advisor to Marcone. Weil, Gotshal and Manges LLP served as legal
advisor to Marcone.
About Marcone
Marcone is an authorized distributor for major brands such as
Whirlpool, Electrolux, General Electric, Maytag, Bosch, Samsung, L-G
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 122 facilities, has approximately 2,100
employees, and serves approximately 43,000 technician customers. For
more information, visit
www.marcone.com.
About Munch's Supply
Munch's Supply was founded in 1956 by Willard Munch, who wanted to
develop a local source of electrical supplies for area contractors.
Today the Company has more than 1,200 employees focused exclusively
on supplying heating, cooling and plumbing industry contractors with
quality products. For more than 65 years, Munch's Supply has
operated with a commitment to service as a leading distributor for
trusted brands such as American Standard, Trane, Mitsubishi, Rheem,
Goodman, IPEX, AO Smith, Kohler, Tempstar, Keeprite and Frigidaire.
For more information, visit
www.munchsupply.com.
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