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.”