PE-backed Munch’s Supply buys O’Connor Company

Munch’s Supply, which is backed by Rotunda Capital, has acquired Kansas-based O’Connor Company, a wholesale HVAC distributor. No financial terms were disclosed.


New Lenox, IL – December 3, 2017 – Munch’s Supply LLC, a leading heating, ventilation and air conditioning (HVAC) distributor and third-generation family business operating 12 branches in Chicago, Northwest Indiana and Michigan has acquired Kansas-based O’Connor Company, Inc. and expanded its distribution footprint to include six additional branches serving portions of Oklahoma, Kansas, Nebraska, Iowa and Missouri.

“The O’Connor purchase is part of Munch’s long-term strategy to aggressively grow into other regions through strategic acquisitions,” said Munch’s CEO Robert Munch. “We are excited to welcome O’Connor’s customers and employees. Superior, award-winning customer service will remain our number-one priority.”

O’Connor will continue to operate under the same name as an independent company and will retain its current management team with Executive Director of Operations, Greg Borr stepping into the role of President. It will maintain locations in Lenexa, Kansas; Urbandale, Iowa; Omaha, Nebraska; Wichita, Kansas; Tulsa, Oklahoma and Lee’s Summit, Missouri.

“We are looking forward to sharing in the resources and leadership of Munch’s Supply,” Borr said. “We are pleased to combine our strengths to further enhance customer service in our rapidly-growing marketplace.”

“We were impressed with O’Connor’s strong market position, rich, 97-year history and commitment to the Trane and American Standard brands in HVAC distribution,” Munch added. “Lynn Piller and the O’Connor team have done a fantastic job building a solid and successful operation with superior commitment to its family of contractors.”

The union of these two iconic companies demonstrates Munch’s ongoing commitment to the HVAC marketplace and sharpens its portfolio to deliver sustainable growth while maximizing the potential of both brands. Munch and O’Connor will combine to operate 18 branches in eight states.

Stocking more than 10,000 SKUs per location, Munch’s goal is to be a full-service, “one-stop-shop” for busy HVAC dealers and contractors.

Munch’s Supply has been operating in the Chicagoland area since 1956. Rotunda Capital Partners, a private equity firm focused on lower middle-market and family-owned holdings, acquired a majority stake in Munch’s in 2015. Munch’s expanded to Michigan with three branches in 2015, another in Northwest Indiana in 2016 and Elgin, Illinois in 2017.

About Munch’s Supply
Munch’s Supply was founded in 1956 by Willard Munch, who wanted to develop a local source of electrical supplies for area contractors. Today the company is a third-generation family business with more than 300 employees focused exclusively on supplying heating and cooling industry contractors with quality products. With a focus on service honed for more than 60 years and as a leading distributor for trusted brands such as American Standard and Trane, Munch’s Supply continues to serve as the premier source for HVAC contractors throughout Illinois, Northwest Indiana and Michigan.

About Rotunda Capital Partners
Rotunda Capital Partners is a private equity firm that invests equity capital in established and profitable lower middle-market companies. As an independent deal sponsor, Rotunda Capital raises and invests the capital of its principals, institutions, family offices and high net worth individuals on a deal-by-deal basis. The firm uses a rigorous approach to identify market-leading companies with identifiable growth opportunities and capable management teams in targeted sectors, including distribution, logistics, financial services, and business services. Rotunda Capital partners with industry-leading operating executives to grow each portfolio company. Since 2009, Rotunda Capital has completed 10 platform investments and realized four exits. The partners of Rotunda Capital actively provide guidance and draw on deep industry and financial relationships to contribute to the successful execution of Rotunda’s companies’ strategic plans. For more, visit