APCO, Inc. has been acquired by Winsupply Inc.
Chicago — CFI USA (P&M Corporate Finance LLC) is pleased to announce that it served as the exclusive financial advisor to APCO, Inc. (“APCO” or the “Company”) in its sale to Winsupply Inc. (“Winsupply”).
Headquartered in Lansing, Michigan and founded over 65 years ago, APCO is a leading distributor of HVAC and multi-family apartment maintenance products primarily in the Midwest. APCO operates through two brands, including APCO Supply, a broad-line distributor of multi-family and apartment products, and Michigan Temperature Supply, a distributor of HVAC equipment and related parts.
Winsupply is a Dayton, Ohio-based supplier of residential and commercial construction and industrial supplies and materials. It has grown to become one of the largest distributors in the United States, with nearly 600 locations in 45 states. Collectively, the Winsupply family of companies includes Win-branded locations, Noland Company, Carr Supply, Security Plumbing & Heating Supply, Wyatt Irrigation and Electrical Sales. Mike Nussdorfer, a shareholder and President of APCO, remarked, “My brother Jeff and I are pleased that we found a partner in Winsupply that shares the same vision for growth and culture that we do. We look forward to working with the Win team to grow our national presence and further penetrate the Midwest market.”
Phil Gilbert and his team advised the shareholders of APCO through the entire transaction process. Mr. Nussdorfer noted “They were instrumental in securing this outcome for us – they understood our objectives and worked to make sure they were achieved. Further, their industry expertise and ability to properly communicate our story to the market was impressive. We couldn’t be happier with this outcome.”
Phil Gilbert and his team served as APCO’s exclusive investment banker.
The transaction closed in November 2017
The testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.
Related
Industrials

has been acquired by

Transaction details
Winsupply Inc., a Dayton, Ohio-based supplier of residential and commercial construction and industrial supplies and materials acquires APCO, Inc., a leading distributor of HVAC and multi-family apartment maintenance products primarily in the Midwest
Our latest transactions
Real Estate & Construction

has been acquired by

Transaction details
Blue Bay Building Products has been acquired by Wolseley Group, a leading specialist provider of plumbing, heating, cooling, and utility products to trade customers
Food & Beverage & Agribusiness

has sold

to

Transaction details
Fleury Michon has sold Room Saveurs, a trading company and laboratory specialized in the development of meal trays, to Kumo
Industrials

has transferred the equity interests of its subsidiary

to

Transaction details
Maezawa Kyuso Industries has transferred the equity interests of Maezawa Kyuso (Nanchang) to Guangzhou Hongxing Investment Co., Ltd.
Software & IT Services

have sold

to
a portfolio company of

Transaction details
Companyweb, the leading provider of subscription-based credit information and private company data intelligence in Belgium, has been sold to Altares, a provider of B2B data solutions, servicing medium and large companies across the entire data value chain