Swedish wholesaler Beijer Ref has acquired two U.S. HVACR distributors: Key Refrigeration Supply and Dennis Supply Company. The companies have combined annual turnover of approximately $84 million USD.
Key Refrigeration Supply, founded in 1999 and headquartered in North Kansas City, MO, operates six branches in Kansas and Missouri. This acquisition will strengthen Beijer Ref’s position in existing markets.
Dennis Supply Company was founded in 1935 and is headquartered in Sioux City, IA. With 13 branches across Iowa, South Dakota, Nebraska and Wyoming, the acquisition supports Beijer Ref’s expansion into adjacent states.
The companies will continue to operate under their respective brands.
“These acquisitions support and strengthen our regional presence by building on the strong foundation we have already established,” Beijer Ref CEO Christopher Norbye, said in a Nov. 18 news release. “We look forward to continuing these companies’ growth journeys in partnership with their existing management teams.”
Beijer Ref operates under a decentralized operational model through more than 150 subsidiaries in Europe, North America, Africa, Asia and Oceania. The company has more than 6,000 employees worldwide and, through September, has trailing 12 month revenue of about $3.7 billion.
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