AMSCO will continue to operate under its own brand, in both distribution and marketing, according to a news release.
On Sept. 26, Atlanta-based Heritage Distribution Holdings — the U.S. platform for global HVAC wholesaler Beijer Ref — announced that it agree to acquire the assets of AMSCO Supply.
Financial details were not disclosed. AMSCO is a wholesale HVAC distributor serving contractors in the Midwest and Southwest United States including Oklahoma, Kansas, Missouri, and Texas, territories adjacent to Heritage’s current holdings.
AMSCO has annual sales of approximately $45 million, according to a news release announcing the deal. The company will continue to operate under its own brand, in both distribution and marketing.
The existing management will “roll-over investment into Heritage Distribution and continue to run the business,” according to the news release. AMSCO Supply employs approximately 50 people.
“We are excited to welcome AMSCO to the Heritage Distribution family and expand Beijer Ref’s U.S. platform into adjacent areas,” said Alex Averitt, CEO of Heritage Distribution. “As we continue to grow through strategic acquisitions, we are adding new customers and enabling more people to live healthier and more comfortable lives.”
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Mark Powell
Mark Powell is MDM’s Associate Editor. He is a former mainstream news reporter and editor and has worked in the online, print, radio and TV news industries. Mark earned a bachelor’s degree from San Jose State University and a master’s degree from California State University, Bakersfield. He has lived and worked in various cities across California, Colorado and Kansas and currently lives in Shafter, California.
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