First Supply Acquires Able Distributors

Trinity Hunt Partners Acquires Blackhawk Supply to Launch HVAC Distribution Platform

July 1, 2025

HVAC & Mechanical

Trinity Hunt Partners has made a majority investment in Blackhawk Supply, a Hoffman Estates, Illinois-based specialty distributor of HVAC parts, to establish a national HVAC distribution platform. Trinity Hunt appointed Troy Vellinga as CEO and Jason Lewis as Chief Development Officer and intends to scale the business through organic initiatives and buy-and-build add-on acquisitions.

Daikin North America Acquires Thermal Supply and AirReps in the Pacific Northwest

December 2, 2021

HVAC & Mechanical

Daikin North America LLC has acquired Washington-based Thermal Supply, Inc. (a multi-location HVAC distributor) and AirReps, LLC (a long-tenured manufacturer's representative firm) to strengthen its residential and commercial presence in the Pacific Northwest. The transactions expand Daikin’s distribution footprint and manufacturer representation across Washington, Oregon, Idaho, Montana and Alaska, improving service and go-to-market coverage for both residential and commercial customers.

Gryphon Investors Acquires Ed's Supply Company

April 25, 2022

Building Products

Gryphon Investors has acquired Ed's Supply Company, a Nashville-based wholesale HVAC/R distributor with 19 locations across Arkansas, Georgia, Kentucky and Tennessee, and will operate it as an independent division of its Heritage Distribution Holdings platform. Financial terms were not disclosed; the existing management team will remain in place with former president Steve Byram becoming an advisor and Tucker Byram named President. The deal expands Heritage Distribution Holdings' multi-region HVAC/R footprint in the Southeast.

Daikin Comfort Technologies North America Acquires Williams Distributing

January 3, 2023

Building Products

Daikin Comfort Technologies North America (DNA), a subsidiary of Daikin Industries, has acquired Williams Distributing, a family-owned HVAC and residential building products distributor headquartered in Grand Rapids, Michigan. The acquisition adds Williams' 32 locations across Michigan, Indiana and Ohio and roughly 500–600 employees to Daikin's North American distribution network to support cold-climate heat-pump development and strengthen contractor and builder relationships in the Great Lakes region.

Kian-Backed Team Air Distributing Acquires Best Choice Supply

September 5, 2024

HVAC & Mechanical

Kian Capital-backed Team Air Distributing has acquired Best Choice Supply, a family-owned HVAC wholesale distributor with locations in Lexington and Somerset, Kentucky. The add-on expands Team Air’s parts and supplies offering, adds custom metal fabrication capabilities and deepens the platform’s presence in Kentucky and nearby regions; the combined platform will have roughly 200 employees and 12 branch locations.

Beijer Ref / Heritage Distribution Acquires Young Supply Company

April 22, 2024

Building Products

Beijer Ref AB, via its U.S. platform Heritage Distribution Holdings, has signed an agreement to acquire Young Supply Company, a family-owned commercial refrigeration and HVAC distributor headquartered in Detroit, Michigan. The acquisition is an add-on to Heritage Distribution's U.S. footprint, bringing approximately USD 130 million in annual sales, 18 branches and ~200 employees and expanding coverage in the Midwest (Michigan and northern Ohio).