SupplyHouse, an e-commerce platform specializing in HVAC, plumbing, and electrical products, has partnered with KKR, a global investment firm, to support its long-term growth. Founded in 2004, SupplyHouse has served over 7 million customers in the U.S. and is known for its strong customer experience and workplace culture.
With a commitment to a people-first approach, SupplyHouse will work with KKR to ensure team members share in the company’s future success. This investment is part of KKR’s Ascendant Strategy, targeting middle-market businesses in North America.
Advisors/support: Evercore served as the exclusive financial advisor to SupplyHouse, and Sidley Austin LLP acted as legal advisor. Baird served as exclusive financial advisor to KKR, and Kirkland & Ellis LLP acted as legal advisor.
KEY QUOTES:
“We are excited to welcome KKR as a strategic partner, especially given our shared values around cultivating a ‘team first’ mindset. KKR’s experience and long-term vision align with our goals to expand our operations and enhance our service while maintaining our culture. I am proud of all that SupplyHouse’s 1,200 team members have achieved together and we are confident this strategic partnership will enable us to continue our growth journey.”
Josh Meyerowitz, Founder and CEO of SupplyHouse
“Josh and the SupplyHouse team have developed a differentiated, vertical-focused e-commerce model that delivers meaningful value to customers and has driven an exceptional track record of organic growth. We are excited by the compelling culture Josh has fostered at SupplyHouse that puts employees and customers at the center, which aligns well with KKR’s own approach to broad-based employee ownership and engagement. We look forward to working with the entire SupplyHouse team as we embark together on this next exciting chapter of growth and innovation.”
Brandon Brahm, Partner at KKR and Co-Head of KKR’s Ascendant Strategy
