Heritage Distribution Holdings Makes Strategic Acquisitions
Heritage Distribution Holdings (HDH), a leader in the HVAC/R industry, has recently signed significant agreements to acquire two long-established distributors, Key Refrigeration Supply and Dennis Supply Company. This move represents a pivotal moment for HDH as it enhances its market positioning, particularly in the Midwestern and Western regions.
Overview of the Acquisitions
Key Refrigeration Supply, founded in 1999, operates six branches across Kansas and Missouri, enriching HDH's footprint in existing markets. Dennis Supply, established in 1935, brings 13 branches in Iowa, South Dakota, Nebraska, and Wyoming, facilitating HDH's entry into adjacent territories. Collectively, the companies generate impressive annual sales, approximating $85 million, which adds considerable strength to HDH's operations.
Operational Continuity for Key Refrigeration and Dennis Supply
Despite the acquisition, both Key Refrigeration and Dennis Supply will continue to operate under their well-known brands. Their existing management teams will remain in charge, ensuring continuity and commitment to their clientele. This strategic decision promises to sustain the strong relationships both companies have established over the years while benefiting from the broader resources of Beijer Ref, HDH's parent company.
Leadership Insights on the Acquisitions
Mark Chavez, President and CEO of Key Refrigeration, expressed optimism about the acquisition stating, "Joining Beijer Ref allows us to preserve everything that makes KRS unique—our name, our people, and our commitment to local decision-making." This sentiment echoes throughout the industry as companies look to balance local operational values with the advantages of global resources.
Carter Dennis, President of Dennis Supply, also voiced appreciation for this transition, emphasizing that the dedication of Beijer Ref to maintain local management aligns with their values, representing a positive change for their operations.
Future Growth and Innovation in HVAC/R
Alex Averitt, CEO of Heritage Distribution, commented on the significance of these acquisitions, stating, "We are excited to welcome Key Refrigeration and Dennis Supply to the Heritage Distribution family. These strategic acquisitions mark an inflection point in Heritage Distribution's journey, solidifying our commitment to growth and innovation in the HVAC/R industry." This forward-thinking approach will empower HDH to serve a broader customer base, promoting healthier and more comfortable living spaces.
Industry Impact and Community Commitment
Heritage Distribution Holdings has distinguished itself as the fastest-growing HVAC/R distributor in the U.S. They focus on extending their reach by partnering with businesses that are equally committed to customer, employee, and supplier relations. Their dedication is evident not only in after-hours emergency services but also in ensuring stocked warehouses for customers, ultimately creating a supply chain that prioritizes community wellness.
Company Contact Information
For more information regarding the acquisitions or Heritage Distribution, interested parties can reach out to:
Alex Averitt, CEO
Phone: +1 (770) 799-8121
Email: info@heritagedistribution.com
Allie Singleton, Chief of Staff
Phone: +1 (770) 799-8121
Email: allie.singleton@heritagedistribution.com
Frequently Asked Questions
What companies did Heritage Distribution acquire?
Heritage Distribution has acquired Key Refrigeration Supply and Dennis Supply Company to expand its market presence.
How much annual sales do the acquired companies generate?
Together, Key Refrigeration and Dennis Supply have approximate annual sales of $85 million.
Will Key Refrigeration and Dennis Supply maintain their branding?
Yes, both companies will continue to operate under their existing brands and management teams.
Who is the CEO of Heritage Distribution?
The CEO of Heritage Distribution is Alex Averitt.
What is the focus of Heritage Distribution's operations?
Heritage Distribution focuses on delivering enhanced HVAC/R services and solutions while promoting healthier living environments.
