Advantage Distribution Holdings (ADH), Miami Beach, an HVAC distribution platform, has acquired CTC Supply. CTC Supply, Fayetteville, N.C., is a distributor of HVAC equipment, parts and supplies.
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With four locations in North Carolina, CTC Supply focuses on the residential HVAC market.
As part of the transaction, Clay Holder will join ADH as its CEO. Holder served most recently as president of VAD HVAC Distributors.
ADH is owned by Tigertail Capital Partners, a Miami-based investment firm.
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