Master Group Expands to the U.S.
By HPAC MagazineHPAC General Human Resources Management acquisition distribution wholesalers
The acquisition of Virginia-based Value Added Distributors includes three regional HVAC distribution companies with 19 branches across six states.
The Master Group has announced its first foray into the United States with the acquisition of Value Added Distributors (VAD) headquartered in Midlothian, Virginia.
VAD is the parent company of three regional HVAC distributors (Virginia Air Distributors, Allied HVAC Distributors and South Carolina Air Distributors) with 19 branches and 200 employees across six states (Virginia, West Virginia, North Carolina, South Carolina, Ohio and Pennsylvania).
This new acquisition grows upon Quebec-based Master’s Canada-wide operations with more than 49 branches and 4 distribution centres from coast to coast.
“This agreement represents an incredible milestone in the history of Master. A milestone in our expansion in the United States and a milestone as the first Canadian-owned HVAC/R distributor expanding through acquisition South of the border,” says Louis St-Laurent, CEO, The Master Group, in a company release.
“This agreement is fully aligned with Master’s vision to become the most innovative, and fastest growing HVAC/R solutions provider in North America. While continuing to invest and to grow in all Canadian markets, VAD will be the platform for future U.S. growth.”