Winsupply Inc., Dayton, Ohio, on Wednesday announced it has completed the acquisition of Discount Drainage Supplies, an Akron, Ohio-based waterworks distributor with three locations in Ohio. Financial terms of the deal were not disclosed.
Each of the three Discount Drainage locations in Akron, Columbus and Reading have been renamed, effective immediately, to Winwater of Akron, Winsupply of N.E. Columbus and Winsupply of Reading.
Matt Huebner, CEO of Discount Drainage Supplies, has become president of Winwater of Akron and plans to invest in substantial ownership of the location. Larry Gorman, who manages the Reading location, plans to invest in Winsupply of Reading. According to Winsupply, “Their ownership of their respective local companies follows the Winsupply business model in which each location has a co-owner along with the parent company, Winsupply Inc., which is the majority owner.”
“Discount Drainage has developed an excellent reputation since it was founded in 1986 for sales and service in their three regional markets,” said Monte Salsman, president of Winsupply Acquisitions Group. “They are known for maintaining a large inventory of pipe, fittings and accessories for on-time delivery to their customers’ job sites.”