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San Francisco, CA – April 25, 2022 --Gryphon Investors, a leading middle-market private equity firm, today announced it has acquired Ed’s Supply Company, Inc., a wholesale distributor of heating, ventilation, air conditioning, and refrigeration equipment, parts and supplies. It has 19 locations across Arkansas, Georgia, Kentucky, and Tennessee.
Gryphon plans to operate the company as an independent division of its Heritage Distribution Holdings platform, which recently rebranded from Wittichen Supply Holding Company. Ed’s Supply will join two existing companies, Benoist Brothers Supply Company, a Midwest-based regional distributor of HVAC/R
Craig Nikrant, Gryphon’s dedicated Operating Partner to its Heritage Fund team, said, “We are excited to add Ed’s Supply to our multi-region distribution platform as we continue to expand. The Company’s proud history and focus on top-quality customer service makes it a great fit with our family of brands. With a growing multi-regional reach, we see a bright future for Heritage Distribution Holdings in an industry with a long runway for growth.”
Commercial and Residential HVACR Products
Headquartered in Nashville, Tenn., Ed’s Supply serves both the commercial and residential markets and features one of the largest inventories of HVAC/R parts, equipment and air distribution products in the Southeast. Steve Byram, former president of Ed’s Supply, will become an advisor to the Heritage Distribution Holdings management team. His son Tucker Byram, most recently vice president of operations, Nashville, will become president, and the current management team will remain with the company.
Alex Averitt, CEO of Heritage Distribution Holdings, said, “We are thrilled to welcome the entire Ed’s Supply team. Their robust product and service offerings are highly complementary to our existing lines and their strategic footprint will help us round out our presence in the attractive Southeast market.”
Steve Byram noted, “We are delighted to become part of Gryphon’s Heritage Distribution Holdings platform with its broad financial and operational resources. As part of a larger organization with a reputation for superior customer service, Ed’s Supply will continue to deliver premium service as we take advantage of