Rotunda Capital Partners, a private equity investment firm, has acquired a majority stake in HVAC distributor Munch’s Supply Co. Inc., which operates out of seven branches in Chicago and Northwest Indiana. Terms were not disclosed.
Munch’s Supply CEO Robert Munch, as well as the rest of the management team, will remain at the helm of the growing company.
“As we evaluated our options for growing the company, it became clear that Rotunda was an ideal partner for us to assist our company in the next stage of expansion,” said Munch. “The firm brings tremendous expertise in the distribution space, and we’ve outlined a strategy together that will allow us to aggressively expand to new regions while continuing to invest in our core Chicago market.”