Dakota Supply Group, Plymouth, Minnesota, on Thursday announced the acquisition of Calverley Supply Co. in an asset purchase effective July 1. Financial terms of the deal weren’t disclosed.
Founded in 1974, Calverley Supply is a second-generation, family-owned distributor of HVAC equipment and supplies with seven locations across Michigan.
The current owners — brothers Anthony Calverley and Jason Calverley — will remain with the business. Jason Calverley will become the general manager for the new Michigan region. Anthony Calverley will transition to a consultant role to help with business integration before his planned departure at the end of the year. The company will operate as Calverley Supply, A DSG Company, before eventually transitioning to the DSG brand.
“At Calverley Supply, we know that it is our employees that make us unique,” said Jason Calverley. “Anthony and I are thrilled to know our team of great people will carry on as ESOP owners. Thus, becoming the third generation of our family-run business.”
Added Anthony Calverley: “DSG’s size and product breadth will allow the Calverley Supply division to offer more services and products to our amazing customers. We’re looking forward to combining our talents and being better than ever!”
“We’re excited to welcome the Calverley Supply associates to the DSG team of employee-owners,” DSG CEO Paul Kennedy said. “Calverley has been a customer-focused market leader in Michigan for 47 years and will continue that level of customer service as a part of DSG.”