SupplyHouse Nets Investment from KKR - Modern Distribution Management

SupplyHouse Nets Investment from KKR

Based in New Jersey, SupplyHouse is a distributor of HVAC, plumbing and electrical products, offering products from brands such as Resideo and Honeywell.
SupplyHouse

HVAC, plumbing and electrical products distributor SupplyHouse has secured a strategic investment from KKR.

Terms were not disclosed, but funds affiliated with KKR were invested in SupplyHouse as part of the partnership.

Established in 2004, SupplyHouse is a distributor of HVAC, plumbing and electrical products, serving trade professionals throughout the U.S. The Dayton, NJ-based company offers products to over 7 million customers through its eCommerce platform, TradeMaster loyalty program, and nationwide logistics network. SupplyHouse carries over 250,000 SKUs from more than 500 brands, including Resideo, BlueFin, Uprono, Taco, Honeywell and more. The company said it operates a nationwide fulfillment network that can reach 98% of the U.S. population within two days.

“KKR’s experience and long-term vision align with our goals to expand our operations and enhance our service while maintaining our culture,” SupplyHouse Founder & CEO Josh Meyerowitz said in a July 17 news release. “I am proud of all that SupplyHouse’s 1,200 team members have achieved together and we are confident this strategic partnership will enable us to continue our growth journey.”

New York-based KKR is a global investment firm and said it is investing in SupplyHouse through its Ascendant Strategy, which targets middle-market businesses in North America as part of the firm’s Americas Private Equity platform.

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