Beijer Ref to acquire US company Young Supply
22nd April 2024
USA: Swedish wholesaler Beijer Ref has signed an agreement to acquire Young Supply, a North American distributor of commercial refrigeration and HVAC with headquarters in Detroit, Michigan.
The company serves contractors in the Midwest United States, including Michigan and Ohio – territories adjacent to Beijer Ref’s current holdings in the United States. Young Supply has annual sales of approximately SEK1.4bn ($128m) with 18 branches.
This latest acquisition will be the Swedish wholesalers fourth in the US, since entering the US market in 2022.
Founded in 1935, Young Supply is a family-owned company primarily focusing on the commercial refrigeration and HVAC aftermarket for both residential and commercial projects.
It boasts 18 branch locations, six contractor training centres, a central warehouse distribution centre, and a large delivery fleet.
The company, which is said to have a strong alignment with Beijer Ref’s key suppliers in the US, will continue to operate under its existing management and brand. It employs approximately 200 people.
Beijer Ref CEO described the acquisition of Young Supply as “an important addition to Beijer Ref’s existing platform in the United States”.
“The acquisition aligns with our overall acquisition strategy and we look forward to continuing to drive growth and develop the company together with the existing owners,” he added.
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Beijer Ref buys third US distributor – 20 December 2023
SWEDEN/USA: Beijer Ref has signed an agreement to acquire the assets of North American HVAC distributor Webb Supply, its third acquisition since entering the US market 12 months ago. Read more…
Beijer Ref agrees second US purchase – 26 September 2023
SWEDEN/USA: Swedish wholesaler Beijer Ref has signed an agreement to acquire its second outlet in the USA. Read more…
Beijer Ref lands in the US – 15 December 2022
SWEDEN/USA: Swedish refrigeration and air conditioning wholesaler Beijer Ref has taken its first step into the North American market after agreeing to acquire Heritage Distribution Holdings in a $1,275m deal. Read more…
