Trinity Hunt Partners, a growth-oriented private equity firm, is pleased to announce a majority investment in Blackhawk Supply, a specialty distributor of heating, ventilation, and air conditioning (HVAC) parts, with a focus on maintenance, repair, and operations products.
This investment establishes the foundation for Trinity Hunt's HVAC distribution platform, which will draw on the firm's extensive industry experience and proven buy-and-build strategy to create a national pioneer in the highly fragmented HVAC distribution sector.
Add-on acquisitions
Vellinga comes to the platform most recently from American Equipment Supply, where he served as CEO
To lead the platform, Trinity Hunt has appointed executives Troy Vellinga as Chief Executive Officer and Jason Lewis as Chief Development Officer, both bringing deep experience in scaling businesses through strategic acquisitions.
Vellinga comes to the platform most recently from American Equipment Supply, where he served as CEO, pioneering the business through 19 add-on acquisitions during his three-year tenure.
Lewis most recently served as Vice President of Corporate Development at TurnPoint Services, an HVAC, plumbing, and electrical services platform, where he helped lead over 50 add-on acquisitions.
Building automation systems
Founded in 2015, Blackhawk Supply operates through two integrated brands — Blackhawk Supply and Midwest Supply — serving contractors, facility operations professionals, and end users nationwide.
In addition to its core HVAC product offering, the company also offers building automation systems, electrical, and plumbing parts, delivering customers an extensive catalog of products through its e-commerce platforms.
Initiatives and strategic acquisitions
Trinity Hunt aims to support the platform's continued expansion via a cross of organic growth initiatives
Blackhawk has earned a strong reputation among its diversified customer base, serving both commercial and residential service providers across the United States.
Trinity Hunt aims to support the platform's continued expansion through a combination of organic growth initiatives and strategic acquisitions.
Blackhawk’s impressive track record of growth
"We are excited to build upon Blackhawk’s impressive track record of growth, rooted in operational excellence, dependable service, and a strong focus on company culture," said Garrett Greer, Partner at Trinity Hunt Partners.
"There is a tremendous opportunity to scale quickly in this industry, through both M&A and value creation initiatives that drive efficiency across the broader HVAC supply chain. In partnering with Blackhawk, we believe we have solid groundwork to build upon in growing an industry-pioneering HVAC distribution platform."
Trinity Hunt's seeking opportunities
"Our team is honored and excited to execute this investment thesis,” offered Troy Vellinga, Platform CEO. “We will build and operate a best-in-class distribution platform that delivers differentiated value for customers, suppliers, and team members, and we have strong conviction in the growth opportunities ahead."
"As a leadership team, we'll always seek to build upon the foundational legacies and uphold the core values built by our partner company founders, while providing strategic support and exciting avenues for accelerated growth through this newly formed partnership with Trinity Hunt.”
Trinity Hunt is actively seeking opportunities to expand its platform through partnerships with like-minded companies in the HVAC and related facility products distribution industries.
