SupplyHouse has secured a strategic investment from private equity firm KKR to support its long-term growth plans, the companies announced July 17.
The companies did not disclose size of the investment. SupplyHouse is an ecommerce distributor of HVAC, plumbing, and electrical products.
Founded in 2004, SupplyHouse has built a national presence serving more than 7 million customers, primarily contractors and trade professionals, through its digital storefront and logistics network, the company said.
KKR investment in SupplyHouse
The investment comes through KKR’s ascendant strategy fund, which targets middle-market companies in North America. The firms said the capital will help SupplyHouse expand its operations, enhance customer service, and continue to invest in its workforce.
“We are excited to welcome KKR as a strategic partner,” said Josh Meyerowitz, founder and CEO of SupplyHouse. “Their experience and long-term vision align with our goals to scale while preserving the culture that’s powered our growth.”
SupplyHouse employs 1,200 people and offers over 250,000 SKUs from more than 500 brands. It says its national fulfillment network can reach 98% of the U.S. population within two days. The company also runs the TradeMaster loyalty program aimed at professional customers.
Brandon Brahm, partner at KKR and co-head of the ascendant strategy, said SupplyHouse’s specialized ecommerce model and customer focus stood out.
“Josh and his team have built and see significant potential in their vertical approach to digital distribution,” Brahm said.
The companies said the partnership will include efforts to expand employee ownership.
The transaction reflects growing private equity interest in specialized digital distributors that cater to professional trades and offer supply chain advantages over traditional wholesalers.
Evercore acted as exclusive financial advisor to SupplyHouse, with legal counsel from Sidley Austin. KKR was advised by Baird and Kirkland & Ellis.
SupplyHouse remains a privately held company.
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