Alston & Bird client Ridgemont Equity Partners has acquired Munch’s Supply, a leading wholesale distributor of heating, ventilation, and air conditioning (HVAC) equipment.
Ridgemont acquired Munch’s from Rotunda Capital Partners, which purchased a majority stake in the company in 2015, making Munch’s the only top 50 HVAC distribution platform in the country backed by private equity.
The acquisition sharpens Ridgemont’s focus on building best-in-class national distributors through the firm’s Business and Industrial Services practice as it looks to continue Munch’s growth in partnership with existing management through further investment and increased M&A initiatives.
Founded in 1956 and headquartered in New Lenox, IL, Munch’s operates 27 branch locations in the Midwest, Great Plains, and Mountain states and distributes products from more than 100 HVAC equipment, parts, and supplies manufacturers.
A leading private equity firm with $3.5 billion in assets under management, Ridgemont focuses on middle market buyout and growth equity investments in business and industrial services, energy, health care, and technology and telecommunications. Ridgemont is headquartered in Charlotte, NC.
Advising Ridgemont is an Alston & Bird team led by partner Mark Kelly, senior associate Ben Weadon, and associates Dan Rowe, Claudia Golden, Walt Cosby, Max McCrary, Kelsey Lenz, Maureen Harmon, and Erik Nielsen (Corporate & Business Transactions); partners Mike Stevens and Blake MacKay (Employee Benefits & Executive Compensation); partner John Baron and senior associate Danny Reach (Federal & International Tax); partner Jonathan Wells (Environment, Land Use & Natural Resources); partner Kate Moseley, counsel Stacie Cargill, and associates Ennis Coble and Jill Luby (Finance); counsel Helen Christakos (Privacy & Data Security); and senior associate Kandis Jackson (Labor & Employment).