Operating Company Industrial Services

Advantage Distribution Holdings

Miami Beach, Florida, United States

Advantage Distribution Holdings (ADH) is an HVAC distribution platform designed to keep independents independent by partnering with leading regional distributors and consolidating a fragmented market while keeping each business rooted in its local roots. ADH was formed to bring best-in-class independents together and unlock shared advantages none of us could achieve alone.

Focus Areas
HVACR distribution, Parts and supplies distribution, Independent distribution network

Tracked deals

3

3 tracked deals across 2025-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Addon

2 addon · 1 buyout

Advantage Distribution Holdings Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Advantage Distribution Holdings. 1 2025 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Advantage Distribution Holdings
    Target
    Badger Metals, Inc.
    Type
    Addon

    Advantage Distribution Holdings (ADH) acquired Badger Metals, a family-led HVAC equipment and supplies distributor serving Wisconsin contractors. The acquisition expands ADH’s footprint to 17 locations across seven states; Badger’s local leadership and brand will remain, and Joe and Josh Welch will become ADH shareholders.

  • Buyer
    Advantage Distribution Holdings (ADH), Tigertail Capital Partners
    Target
    cfm Distributors, cfm
    Type
    Buyout

    Advantage Distribution Holdings (ADH) acquired cfm Distributors, an independent HVACR distributor with six locations and a distribution center across Missouri, Kansas, Iowa, and Nebraska. The purchase expands ADH’s platform to 13 locations across six states, following ADH’s 2024 formation by Tigertail Capital Partners.

  • Buyer
    Advantage Distribution Holdings, Tigertail Capital Partners, D1 Capital Partners LP, H7 Capital Management
    Target
    CTC Supply
    Industry
    Transportation
    Type
    Addon

    Advantage Distribution Holdings (ADH), an HVAC distribution platform formed by Tigertail Capital Partners, acquired CTC Supply (CTC), a Fayetteville, North Carolina-based HVAC distributor. The deal adds Clay Holder (ex–VAD HVAC Distributors) as CEO and pairs CTC with ADH’s tech-enabled platform approach, including a supply chain technology partnership to support inventory and demand planning.

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