Livingstone helps supply acquisition for Ridgemont

Ridgemont acquires HVAC distributor Munch’s Supply
  • Apr 2019
  • Industrial
  • M&A: Buy-Side
  • US
  • ACQUISITION

Livingstone has co-advised Ridgemont Equity Partners, a middle market private equity investor, on the acquisition of Munch’s Supply (“Munch’s” or the “Company”). Munch’s is a leading wholesale distributor of heating, ventilation and air conditioning (“HVAC”) equipment, parts and supplies.  Financial terms of the transaction were not disclosed.

Founded in 1956, the Company supplies HVAC equipment to residential and commercial customers in the Midwest, Great Plains, and Mountain states through 27 branch locations. Munch’s Supply distributes products from more than 100 leading HVAC equipment, parts, and supplies manufacturers, including Trane, American Standard, Rheem, and Mitsubishi.

Livingstone’s insight into the Company, industry, and situation was valuable in our pursuit of the acquisition,” said Jack Purcell and Tim Dillon, Partners at Ridgemont. “Munch’s is the only private equity-backed top 50 HVACR distribution platform in the country, which makes the Company uniquely positioned to continue its growth trajectory through increased M&A and other initiatives that will enhance its presence in its existing markets and aid in the development of new markets.

Livingstone Partner Andrew Bozzelli, comments, “Having previously sold Munch’s and our experience within the HVAC sector, we were able to leverage that experience into tangible advice to help Ridgemont position itself within the process. We believe Ridgemont is the ideal partner for the Company moving forward, and we are excited for the future of the Company.


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  • “Livingstone’s insight into the Company, industry, and situation was valuable in our pursuit of the acquisition.”
    Jack Purcell, Partner, Ridgemont Equity Partners

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