M&A Deal Summary

Gryphon Investors Acquires Wittichen Supply

On August 2, 2021, private equity firm Gryphon Investors acquired distribution company Wittichen Supply

Acquisition Highlights
  • This is Gryphon Investors’ 3rd transaction in the Distribution sector.
  • This is Gryphon Investors’ 67th transaction in the United States.
  • This is Gryphon Investors’ 3rd transaction in Alabama.

M&A Deal Summary
Date 2021-08-02
Target Wittichen Supply
Sector Distribution
Buyer(s) Gryphon Investors
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Uplift Partners LLC (Financial)
Maynard Nexsen (Legal)

Target

Wittichen Supply

Birmingham, Alabama, United States
website
Wittichen Supply is a distributor of heating, ventilating, air conditioning, and refrigeration (HVAC/R) parts, equipment, and supplies to HVAC/R contractors in the Southeastern United States. Wittichen Supply is based in Birmingham, Alabama.

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Buyer(S) 1

Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 68 of 81
Sector (Distribution) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 25 of 31
State (Alabama) 3 of 3
Country (United States) 67 of 80
Year (2021) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Heritage Distribution

Birmingham, Alabama, United States

Heritage Distribution is a distributor of heating, ventilating, air conditioning, and refrigeration (HVAC/R) parts, equipment, and supplies to HVAC/R contractors in the Southeastern and Midwestern US. Heritage Distribution is based in Birmingham, Alabama.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Ob Hospitalist Group

Greenville, South Carolina, United States

Ob Hospitalist Group is a provider of 24/7 obstetric coverage, serving approximately 200 hospitals across 34 states. OBHG’s national network of over 1,100 skilled and dedicated obstetric physicians provides best‐in‐class critical care while improving patient safety and clinical outcomes. The Company’s specialized services benefit patients, physicians, payors, community OB/GYN groups, and hospitals, and supports long‐term growth for its partners. Ob Hospitalist Group was founded in 2006 and is based in Greenville, South Carolina.

Sell -
Mergr

Product

Company

Legal