Dakota Supply Group (DSG), Fargo, North Dakota, on Wednesday announced the pending acquisition of Honold & La Page Inc (H&L), an asset purchase that will be effective July 1. Financial terms of the deal weren’t disclosed.
H&L is a third-generation, family-owned distributor of plumbing, heating, electrical, PVF and industrial supplies located in Sheboygan, Wisconsin. Bill Honold, current president of H&L, will remain to assist with the transition before his planned retirement at the end of the year. Longtime H&L vice president, John Kuznacic, will lead the DSG Sheboygan location.
The company will operate as Honold & La Page, a DSG company, for a period of time before transitioning to the DSG brand.
“We are thrilled to welcome the Honold & La Page associates to the DSG team of employee owners,” said Paul Kennedy, DSG CEO. “H&L has been a customer-focused, market leader in the Sheboygan area for 88 years. This addition is well suited for our acquisition growth strategy and provides us a strong platform for further growth in Eastern Wisconsin.”
“I am confident that DSG is the best partner to further grow the business for the benefit of our employees and customers,” Honold said. “DSG brings resources and expertise to H&L that will enhance our value in the market. My grandfather and father would be pleased to know that the company and all its employees will continue into the future as a fourth generation of owners.”
DSG is a 100% employee-owned electrical, plumbing and HVACR distributor with nearly 700 employee owners in 33 locations and five states.