Winsupply extends footprint along the Eastern seaboard with two new companies
Winsupply Inc., one of the largest distributors in the nation, has opened two new companies along the Eastern seaboard: Winsupply of Absecon, in New Jersey, and Winsupply of Rockland, in Maine. The openings represent the seventh and eighth companies Winsupply has opened during 2016.
The new location in Absecon, N.J, serves contractors in the plumbing, hydronics and new construction industries in Ocean, Atlantic and Cape May counties of New Jersey. The president of the company, Jim Yates, and his team have more than 75 combined years of experience in the plumbing and hydronics industries. Yates previously worked for plumbing supply companies in the region.
“Jim Yates decided to invest in a Winsupply company of his own after 26 years in sales and marketing for other wholesale distributors,” said Roland Gordon, president of Winsupply Inc. “The investment opportunity and equity partnership with Winsupply is something that isn’t offered by other major wholesalers in our industry. He’s very knowledgeable with the southern New Jersey and eastern Pennsylvania market where he has experience as a wholesale branch manager as well as managing multiple branches in the region and helping them become profitable. Jim and his team have very strong relationships with the local plumbing and heating, and mechanical contractors.”
The Rockland, Maine, location serves plumbing, heating, air conditioning and ventilation (HVAC), and hydronics contractors in the mid-coastal region between Portland and Bangor, where Winsupply has existing locations in each of the latter cities.
The president of Winsupply of Rockland, Sam Irish, has been with Winsupply for more than 10 years and helped open Bangor Winsupply in 2014.
“Sam has a strong track record with opening and establishing a successful new business in a new location, experience that will serve him and his team well in Rockland,” said Gordon. “Sam and his team have 35-plus years combined experience in the hydronics, HVAC and plumbing industries, extending our distribution footprint along the important northeast coast.”
In the Winsupply co-ownership business model, Winsupply Inc. has majority equity in each of its locations, while the local company presidents and sometimes employees own substantial equity. With this model, local companies have the autonomy and flexibility to decide how best to meet the needs of the customers in their markets. Co-ownership gives them “skin in the game,” pride of ownership, a sense of achievement and the ability to share in the company’s performance financially. Winsupply provides the local company locations purchasing power, distribution and other support services such as business consulting, accounting, payroll, IT and marketing. The centralized support allows local operators to focus on their customers, local markets and products.