SupplyHouse, an ecommerce platform specializing in HVAC, plumbing, and electrical products, has secured an undisclosed investment from KKR, a global investment firm. The investment was made through KKR’s Ascendant Strategy, a private equity platform focused on middle-market businesses across North America. The financial terms of the deal were not disclosed.
Founded in 2004, SupplyHouse has quickly grown to become a leader in the distribution of HVAC, plumbing, and electrical products, serving over 7 million customers across the U.S. The company offers more than 250,000 SKUs from over 500 brands and has developed a nationwide logistics network that ensures delivery to 98% of the U.S. population within two days.
“We’re excited about this partnership, as it will help continue our growth and support our long-term strategy,” said Josh Meyerowitz, CEO of SupplyHouse.
Evercore acted as the exclusive financial advisor to SupplyHouse, with Sidley Austin LLP serving as its legal advisor. KKR was advised by Baird and Kirkland & Ellis LLP.
The investment comes at a time when the demand for home improvement and maintenance products continues to rise, and SupplyHouse’s ability to scale through its digital platform and logistics network positions it well to capitalize on future growth opportunities, the company said.
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