Building Products, Distribution, Business Services, Industrials | Mergers & Acquisitions, Sponsor Related

BellSimons has been Acquired by Munch’s Supply

  • TM Capital served as exclusive financial advisor to The BellSimons Companies (“BellSimons”), in its sale to Munch’s Supply, a subsidiary of Marcone Supply and a portfolio company of Genstar Capital
  • Headquartered in Connecticut, BellSimons is a leading, value-added distributor of HVAC, hydronic heating, refrigeration and plumbing parts and systems, operating 29 branch locations and three distribution centers across seven states in the New England region
  • With a family-owned legacy dating back to the 1940s, BellSimons serves a diverse base of contractors that rely on the Company for just-in-time inventory, deep technical knowledge and premium customer services across a broad range of products from more than 400 OEMs, including leading brands such as Mitsubishi, Rheem / Ruud, Honeywell, Copeland and Larkin
  • Munch’s Supply is a top ten HVAC distributor in the U.S. that is focused exclusively on supplying heating, cooling and plumbing contractors with quality products from top brands, including American Standard, Trane, Mitsubishi, Rheem and more; Munch’s was acquired by Marcone in December 2021 as part of Marcone’s strategy to develop a leading presence in the HVAC industry
  • Marcone is a leading technology enabled distributor of quality home appliance, HVAC and plumbing parts and equipment from major brands such as Whirlpool, Electrolux, General Electric, Maytag, Bosch, Samsung and LG; Marcone is owned by Genstar Capital, a San Francisco-based private equity firm with $35 billion in assets under management

Client Testimonial

“In selecting an advisor, our family sought a firm that would not only engineer an exceptional outcome for shareholders, but also appreciate the BellSimons culture of respect, community and compassionate care. The decision to sell our business was a very emotional undertaking, and TM understood that identifying the right partner to support our Company’s future growth was our primary objective. As a multi-generational family business, we needed a banker who understood our industry, respected our concern for confidentiality and provided hands-on guidance. TM’s deep specialty distribution experience within the HVAC, refrigeration and plumbing trades, and their strong relationships with leading consolidators in our industry proved to be critical differentiators, and we are very excited to begin a new chapter in our evolution as partners with Munch’s, Marcone and Genstar.”
– Floran Boland, President, The BellSimons Companies