WinWholesale Inc., headquartered in Dayton, has acquired Security Supply, of Selkirk, N.Y. The transaction closed April 13. Terms of the purchase were not disclosed.
Security Supply is a wholesale distributor of plumbing, heating and air conditioning products with 12 locations serving the lower Mid-Hudson Valley, north through the Adirondack Region of New York, western Massachusetts and eastern Vermont. The company will continue to do business as Security Plumbing & Heating Supply. With the acquisition, WinWholesale now has more than 570 locations in 45 states.
Kim Willey has been named president of Security Supply; other current key managers will assume senior positions at the company. These senior-level managers will be offered substantial equity in the respective companies at some point in the future.
“Security Supply has a strong market presence with a solid name and reputation in New York, Massachusetts and Vermont,” said Jack Johnston, WinWholesale president. “They have a long history of building solid customer relationships and providing high quality products including being the most successful Kohler distributor in their trading area. A key component of our growth strategy is to acquire successful wholesaling companies that strengthen our presence in key markets and fit well within our targeted industries. Security Supply is a profitable company with a solid management team.”
“We are very proud to join the Win Group of Companies,” said Kim Willey, president of Security Plumbing & Heating Supply. “Being part of one of the national leaders in wholesale distribution will further strengthen our presence in our market and propel our future growth.”Tagged with tED