Averon Group Invests in Fenco Supply

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.

Fencing Supply Group Acquires Hartford Fence Supply

January 3, 2023

Building Products

Fencing Supply Group, a platform backed by The Sterling Group, has acquired Hartford Fence Supply, a wholesaler of vinyl and aluminum fencing products serving the Tampa, Florida market. The add-on expands Fencing Supply Group’s footprint in the Tampa area as part of Sterling’s active platform build and acquisition strategy for fencing and outdoor living distribution.

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.

Envoy Solutions Acquires Next-Gen Supply Group

December 20, 2021

Logistics & Distribution

Envoy Solutions, a Glenview, Illinois-based distribution platform and subsidiary of FEMSA, has acquired Next-Gen Supply Group, a janitorial supply distributor based in Mansfield, Massachusetts. The acquisition expands Envoy's Northeast footprint, adds Next-Gen's distribution, chemical manufacturing and equipment repair capabilities, and increases the combined platform's operating scale and customer reach.

Trinity Hunt Partners Makes Majority Investment in Alliance Group

April 13, 2023

HVAC & Mechanical

Trinity Hunt Partners, a Dallas-based private equity firm, made a majority investment in Alliance Group, a New England commercial HVAC services provider, to launch a national commercial HVAC platform. Trinity Hunt will support Alliance's growth and scale the business through strategic add-on acquisitions and organic initiatives while Steve Knowles will lead the platform as CEO.

Tenex Capital Management Invests in R.F. Fager

March 4, 2024

Building Products

Tenex Capital Management has made a minority investment in R.F. Fager, a regional distributor of plumbing, HVAC, and roofing supplies. The Fager family (including Richard Fager Jr. and Bryce Fager) will continue to lead the company and retain significant equity as Tenex provides capital and resources to expand geographic reach and product breadth.