MKM, the UK’s pioneering independent builders’ merchant makes a strategic move into the HVAC (Heating, Ventilation, and Air Conditioning) sector with the acquisition of Oceanair UK Ltd.
Established in 2002, Oceanair has built a reputation as a specialist distributor for market pioneering brands Daikin, Fujitsu, and Panasonic. Their successful transition into the air-to-water market makes them ideally placed for significant growth in the future.
Distributor of HVAC
Oceanair is an award-winning distributor of HVAC, operating from locations in Mansfield and Crawley. The business has built strong relationships with both customers and suppliers over the years.
Kate Tinsley, CEO of MKM, commented: “This is an interesting acquisition for MKM and enables us to expand into further emerging marketplaces; Oceanair is a great company with very talented people. I’m really excited about our growth plans.”
Importance of finding the right home
Oceanair will continue its operations under its existing name, ensuring continuity for both customers and suppliers. Tony Evanson, the owner of Oceanair, will remain involved in the business for the foreseeable future providing support during the transition. He emphasized the importance of finding the right home for the business and expressed pride in its growth over the years.
Oceanair will continue its operations under its existing name, ensuring continuity for both customers
“I’m incredibly proud to see the business grow over the years and have developed some fantastic relationships with staff, customers, and suppliers. I have thought long and hard about selling the business and was adamant it needed to go to the right home. I’m very pleased to be around the business to support the MKM team and look forward to seeing Oceanair grow under its new ownership.”
MKM's plans for expansion
Rob Barnes, MKM's Business Development Director pioneering the acquisition, expressed confidence in the growth potential of Oceanair. "This acquisition fits perfectly with MKM's plans for expansion, allowing us to branch out further into the HVAC industry. Continuing to work closely with the current Oceanair team guarantees a seamless transition, customers and suppliers can expect business as usual."
He added: “Oceanashp.co.uk, part of Oceanair, specializes in heating and concentrates on designing, supplying, commissioning, and supporting air-to-water heat pumps. Their Heat Pump Training Academy conducts courses on design and installation and has recently earned recognition as a "Centre of Excellence" by Panasonic. This fits perfectly with our commitment of offering more sustainable options to customers.”
Independent builder's merchant
With a turnover of circa £1 billion, MKM is a prominent player in the UK's building and construction industry, standing out as the pioneering independent builder's merchant.
Established in 1995, the company has rapidly expanded its footprint with branches strategically located across England, Scotland, and Wales. From Redruth to Elgin, Norwich to Llandudno, MKM has a national presence, ensuring accessibility for customers throughout the United Kingdom.
