Class VI Partners (formerly CapitalValue Advisors “CVA”) is pleased to announce the acquisition of Comfort Air Distributing, Inc. (“Comfort Air” or the “Company”), by Munch’s Supply (“Munch’s”), a portfolio company of Rotunda Capital Partners (“Rotunda”). Class VI served as the exclusive financial advisor to Comfort Air.
“Comfort Air represents an amazing entrepreneurial and multi-generational family success story. With an established market presence as one of Colorado’s largest and best known HVAC distributors, a history of innovation and leadership, and a reputation for superior customer service, we are confident they will continue to do great things,” said Zack Gibson, Principal for Class VI. “It was a privilege to represent Comfort Air and find a partner who will support the Company in its next phase of growth.”
Jim O’Mara and his late father, Jerry O’Mara, founded Comfort Air (www.comfortairdistributing.com) in 1987 with a commitment of establishing the Rheem brand in Colorado and Wyoming. Since 1987, the Company has been a customer-focused distributor of heating, ventilation, and air conditioning (HVAC) equipment to HVAC contractors located along the Front Range. Under Jim’s leadership, Comfort Air grew from only a few product manufacturers and one distribution center to three branch locations and over 30 manufacturers represented.
The Company will continue to operate under the Comfort Air name, offering Rheem heating and air conditioning equipment as well as related HVAC parts and accessories. Comfort Air will continue to serve Colorado and 13 Wyoming counties out of its branches in Denver, Centennial, and Colorado Springs, Colorado.
Jim O’Mara, Co-Founder and President of Comfort Air, remarked, “We couldn’t have made it over 30 years without the tremendous support from our customers and team members. I am very happy to have found a trusted company in Munch’s to carry the Comfort Air legacy forward. Class VI did an outstanding job guiding us through the sale process. Their knowledge of the building products space and experience with similar transactions was critical to our success. It was a difficult decision to sell the Company, but we always knew Class VI was on our side and an advocate for our objectives.”
Dave Schrock, Executive Vice President of Comfort Air, added, “We are excited to partner with a company with a similar culture that is focused on family values. It was important for us to find an organization that cares about our employees as much as we do.”
Bob Munch, CEO of Munch’s Supply, expressed his excitement in the deal, stating, “Jim and Dave have done a wonderful job building a company with great people and culture. These are only found in the best organizations, and we are happy to support the team to continue to build on this foundation.”
Munch’s Supply, also a multi-generational family success story, has been operating in the Chicago area since 1956. The union between Munch’s and Comfort Air demonstrates Munch’s ongoing commitment to HVAC distribution.
The transaction closed on March 4, 2019. Minor & Brown served as legal counsel to Comfort Air, and Benesch served as legal counsel to Munch’s Supply.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Jerry and Jim O’Mara, Co-Founders of Comfort Air, are clients of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Jerry and Jim O’Mara may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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