Winsupply Inc., one of the largest distributors in the nation, has opened Winwater of Northeast Arkansas, serving waterworks contractors throughout the northeast part of the state. The company is located just east of Jonesboro in Lake City. Tony Robinson is the president of the new company. He leads a team of four who have 25 Read more
wholesalers
Winsupply Inc., one of the largest distributors in the nation, has opened Winwater of Northeast Arkansas, serving waterworks contractors throughout the northeast part of the state. The company is located just east of Jonesboro in Lake City.
Tony Robinson is the president of the new company. He leads a team of four who have 25 combined years of experience in the waterworks industry. Tony and his team formerly were part of Little Rock Winwater and had been operating in Lake City as a satellite location. The two companies now operate separately but are both part of Winsupply Inc.
“Tony is an experienced business owner with years of experience in waterworks products and has established customer relationships in the northeast part of Arkansas,” said Roland Gordon, president and CEO of Winsupply Inc. “Tony took advantage of what we call the ‘Spirit of Opportunity’ at Winsupply in which we share ownership in the company. He can now work with his customers in an owner-to-owner relationship with local decision-making authority.”
In the Winsupply co-ownership business model, Winsupply Inc. has majority equity in each of its locations, while the local company president 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 and the ability to share in the company’s profits without caps. Winsupply provides its 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.
There are some 580 Winsupply locations across the United States serving the residential and commercial construction and industrial markets with supplies and materials.
About Winsupply Inc.
Winsupply Inc. (www.winsupplyinc.com) is a leading supplier of residential and commercial construction and industrial supplies and equipment headquartered in Dayton, Ohio. The privately-held company has 580 wholesaling locations in 45 states and offers entrepreneurs the unique opportunity to own a meaningful part of the local business. Collectively, Winsupply is known as “The Winsupply Family of Companies” and includes Win-branded locations, Noland Company, Carr Supply, Security Plumbing & Heating Supply, and Wyatt Irrigation. In the group are companies conducting business-to-business wholesale distribution of supplies and equipment in plumbing and heating; hydronics; pipe, valves and fittings; HVAC and refrigeration; electrical; fastening hardware; waterworks and utility; pumps; turf irrigation and landscape; and fire system fabrication. Follow Winsupply on Facebook, LinkedIn, and Twitter.
Winsupply Inc., one of the largest distributors in the nation, has opened Winsupply of Smithtown (N.Y.), serving contractors in the plumbing and hydronic heating industries on Long Island and in the New York City metropolitan area. Winsupply of Smithtown is the ninth new company Winsupply has opened in 2016. Rob Butler joins Winsupply as president Read more
Winsupply Inc., one of the largest distributors in the nation, has opened Winsupply of Smithtown (N.Y.), serving contractors in the plumbing and hydronic heating industries on Long Island and in the New York City metropolitan area. Winsupply of Smithtown is the ninth new company Winsupply has opened in 2016.
Rob Butler joins Winsupply as president of Winsupply of Smithtown. He leads a team of six who have 75 combined years of experience in the plumbing and hydronics industries. Butler was previously vice president and general manager of Kelly & Hayes, an electrical supplier that formerly also distributed plumbing supplies.
“Rob Butler has 20 years’ experience in plumbing distribution and has strong customer relationships throughout Long Island and beyond,” said Roland Gordon, president of Winsupply Inc. “Rob took the opportunity to invest in the unique equity partnership that Winsupply offers. A graduate of West Point and a former captain in the U.S. Army as an armor officer, he has the skills that have proven successful for so many of our company leaders.”
In the Winsupply co-ownership business model, Winsupply Inc. has majority equity in each of its locations, while the local company president 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 and the ability to share in the company’s profits without caps. Winsupply provides its 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.
There are some 580 Winsupply locations across the United States serving the residential and commercial construction and industrial markets with supplies and materials.
MORSCO, Inc. (“MORSCO”), a Fort Worth-based distributor of commercial and residential plumbing products, heating and cooling equipment (HVAC), and pipe, valves and fittings (PVF), has acquired Fortiline Waterworks (“Fortiline”), a portfolio company of CHS Capital LLC and one of the largest waterworks distributors in the United States, as its waterworks distribution platform. MORSCO, a portfolio Read more
MORSCO, Inc. (“MORSCO”), a Fort Worth-based distributor of commercial and residential plumbing products, heating and cooling equipment (HVAC), and pipe, valves and fittings (PVF), has acquired Fortiline Waterworks (“Fortiline”), a portfolio company of CHS Capital LLC and one of the largest waterworks distributors in the United States, as its waterworks distribution platform.
MORSCO, a portfolio company of global private equity firm Advent International (“Advent”), is a leading U.S. distributor of commercial and residential plumbing and HVAC supplies. MORSCO is one of the fastest growing companies in its industry with 140+ branch locations, more than $1 billion in sales and over 2,000 associates in 12 states. Advent made a significant new equity investment to support the acquisition.
Mike Swedick remains President and CEO of Fortiline, which continues to operate as a standalone company, responsible for waterworks supplies distribution inside of MORSCO.
Chip Hornsby, CEO of MORSCO, commented, “One of our biggest goals of 2016 was to continue to expand our footprint in the Sunbelt region of the United States. With recent acquisitions in North Carolina and Georgia along with the Fortiline acquisition, we now have a presence in 17 states. The addition of Fortiline as a standalone waterworks business under the leadership of Mike Swedick further demonstrates our commitment to the waterworks industry and to being a leader in the markets we serve. Fortiline brings a highly experienced leadership team possessing a track record of growth, operational excellence and superior customer service to the MORSCO family.”
Fortiline, the third-largest waterworks distributor in the U.S., significantly enhances MORSCO’s market position and provides MORSCO’s vendors and customers with greater opportunities. The acquisition further diversifies MORSCO in terms of geographies, end markets and products.
“We are excited to join the MORSCO family and know that our similar cultures and values will allow for a relationship that will enable both companies to continue to thrive and grow,” said Mike Swedick, Fortiline President and CEO. “We look forward to continuing to build our waterworks platform while collaborating with the leadership team at MORSCO to build a world-class distribution company. Similar to MORSCO, we plan to strategically grow our presence in our existing markets while looking to enter new markets throughout the Southeast.”
MORSCO plans to convert a select number of Morrison Supply Company’s waterworks branches to Fortiline stores to leverage Fortiline’s vendor and customer relationships. MORSCO and Fortiline will work together to expand product lines in existing branches as well as in new locations.
For information on MORSCO and its companies, please visit www.MorscoUSA.com.
About MORSCO
MORSCO is a leading U.S. distributor of commercial and residential plumbing, waterworks and HVAC supplies. The company was founded nearly 100 years ago in Fort Worth, Texas, and is now one of the fastest growing companies in its market. MORSCO is a private company sponsored by Advent International and led by a team of industry veterans. The MORSCO family of operating units consists of Express Pipe & Supply (CA), Farnsworth Wholesale Company (AZ), Morrison Supply Company (TX, OK, NM, LA, KS), Murray Supply Company (NC, SC, VA), Wholesale Specialties (CO), DeVore & Johnson (GA), Fortiline Waterworks (AL, FL, GA, KS, KY, NC, OH, OK, SC, TN, TX, VA) and MORSCO’s premier showroom offering in these markets, Expressions Home Gallery. For additional information regarding MORSCO or any of its brands, please visit the website at www.MorscoUSA.com.
About Fortiline
Fortiline Waterworks, headquartered in Concord, N.C., is one of the largest wholesale distributors of underground water, sewer and storm utility products in the United States. Founded in 1997, Fortiline distributes more than 75,000 SKUs to a diverse base of more than 4,500 contractor, developer and municipal customers through a network of 42 branches in 12 states in the Southeast, Mid-Atlantic and Midwest. The company’s vision is to be the preferred and most trusted resource for utility infrastructure product solutions, and Fortiline backs that with specialty divisions and extensive inventory at locations across the country. To learn more, visit www.fortiline.com.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in more than 315 private equity transactions in 40 countries and as of June 30, 2016, had $40 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 190 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies. For more information, visit www.adventinternational.com.
About CHS Capital
CHS Capital is a Chicago-based private equity firm with over 25 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital aims to accelerate earnings growth and drive value creation through human capital initiatives, performance improvement actions and strategic growth activities. Throughout its history, CHS Capital has made investments in over 400 businesses and invested $2.9 billion of capital. For additional information, please visit www.chsonline.com
Lochinvar is the Industry’s Most Comprehensive, High Efficiency Boiler and Water Heater Line. Now the largest full-line distributor of Lochinvar in the Northeast, the F.W. Webb Company is offering high-performing boilers, water heaters, and other products from the preeminent U.S. manufacturer. Lochinvar makes the most extensive line of boilers, water heaters, pool heaters, storage tanks, controls Read more
Lochinvar is the Industry’s Most Comprehensive, High Efficiency Boiler and Water Heater Line.
Now the largest full-line distributor of Lochinvar in the Northeast, the F.W. Webb Company is offering high-performing boilers, water heaters, and other products from the preeminent U.S. manufacturer. Lochinvar makes the most extensive line of boilers, water heaters, pool heaters, storage tanks, controls, packaged systems, and accessories in the industry.
Known for exceptional quality and energy efficiency, the award-winning Lochinvar boiler and water heater line provides solutions for virtually any conceivable project need. The Lochinvar line includes fire-tube boilers from 55,000–6 million BTUs, as well as water heaters and pool heaters from 45,000–6 million BTUs. No other manufacturer offers such a wide range of stainless steel and copper tube products designed for reliability, efficiency and application effectiveness.
“Lochinvar products are well-engineered and meet the rigorous standards we require on behalf of our customers,” said Gregg Leighton, Director of Trade Sales at F.W. Webb. “Residential and commercial contractors not only will be confident with the quality of Lochinvar products, they’ll also find local support before, during and after installation in every area served by F.W. Webb.”
“Lochinvar is proud to partner with the professionals at F.W. Webb and welcome the company as a stocking distributor in the Northeast,” said John Danek, Lochinvar Regional Sales Manager for the Northeast. “We are excited about teaming up with F.W. Webb to provide their customers Lochinvar products and expertise for all facets of residential, commercial and industrial applications.”
Among their many features and benefits, Lochinvar products are easy to install. The line is consistent from product to product, including common parts, venting and Lochinvar Smart System™ controls – no matter the application. Commercial boilers have onboard controls designed to “communicate” to one another without the addition of complicated third-party controls. The Lochinvar Smart System creates a singular control platform, designed to make set-up and operation easy – and in plain English.
“Contractors find it easy to work with Lochinvar products,” said Michael DelConte, Heating Products Sales Manager at F.W. Webb. “Since the controls interface is user-friendly and consistent across models, once you learn to install one Lochinvar boiler, you’ve learned how to install almost every model. Plus, they’re extremely reliable and straightforward to service.”
With its reputation for excellence, Lochinvar is a sought-after brand, spec’d commercially up to 80% of the time. Lochinvar continually employs the most innovative technology to rigorously design all its products for maximum efficiency. AFUE ratings of 95-98% are the norm for most Lochinvar products. Residential boilers (400K BTUs and under) offer a five-year components warranty directly through Lochinvar with no cumbersome paperwork. The company continuously strives for total customer satisfaction.
The gas-fired Lochinvar line includes these family of products:
- Knight Boilers for Residential Customers
- Knight XL Boilers for Commercial Projects
- FTXL Boilers for Light Commercial Applications
- Crest Condensing Boilers for Commercial Use
- CON-X-US Remote Control Platform
- Armor Wall Mount Water Heaters
- ArmorX2 Commercial Water Heaters
- Shield Commercial Water Heaters
- AQUAS Commercial Pool Heater Package
- Copper Fin and Copper Fin II boilers, water heaters and pool heaters
About Lochinvar
Lochinvar, LLC is a leading manufacturer of high-efficiency water heaters, boilers, pool heaters and storage tanks. Based in Lebanon, Tenn., with facilities in Chicago, Detroit, Orlando, Phoenix, Pompano Beach and Dallas, Lochinvar stocks all products in all locations. For more information about Lochinvar, contact: Lochinvar, LLC, 300 Maddox Simpson Parkway, Lebanon, Tenn., 37090; Phone: 615-889-8900; Fax: 615-547-1000; www.Lochinvar.com.
About F.W. Webb
Marking its 150th anniversary in 2016, the F.W. Webb Company has a proud heritage of serving residential, commercial, industrial and institutional customers with their construction, renovation, maintenance, process, and repair needs. Founded in 1866 as the second plumbing supply house in Boston, F.W. Webb has grown from a single location to more than 90 across nine states. The largest distributor of its kind in the Northeast, F.W. Webb has extensive inventory and expertise in 15 distinct areas. Plumbing, Heating, HVAC, Commercial Refrigeration, and PVF are the company’s core businesses. F.W. Webb also operates 40 Frank Webb’s Bath Center showrooms. F.W. Webb employs more than 2,000 people and continues to grow organically and through acquisition to better serve its loyal customers throughout New England, New York, New Jersey and Pennsylvania.
For more information about F.W. Webb, visit fwwebb.com.
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 Read more
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.