SupplyHouse Receives Strategic Investment from KKR
KKR (NYSE:KKR) has announced a strategic investment in SupplyHouse, a leading e-commerce platform for HVAC, plumbing, and electrical products. SupplyHouse, founded in 2004, has served over 7 million customers across the U.S. through its proprietary platform and TradeMaster loyalty program.
The investment comes through KKR's Ascendant Strategy, part of its Americas Private Equity platform, focusing on middle market businesses. SupplyHouse, with its 1,200 team members, will maintain its employee-centric culture and collaborate with KKR to ensure team members share in the company's future success. Financial terms of the investment were not disclosed.
KKR (NYSE:KKR) ha annunciato un investimento strategico in SupplyHouse, una piattaforma di e-commerce leader nel settore HVAC, idraulico ed elettrico. Fondata nel 2004, SupplyHouse ha servito oltre 7 milioni di clienti in tutti gli Stati Uniti attraverso la sua piattaforma proprietaria e il programma fedelt脿 TradeMaster.
L'investimento arriva tramite la Ascendant Strategy di KKR, parte della sua piattaforma Americas Private Equity, che si concentra sulle aziende di mercato medio. SupplyHouse, con i suoi 1.200 dipendenti, manterr脿 una cultura aziendale incentrata sui dipendenti e collaborer脿 con KKR per garantire che i membri del team partecipino al successo futuro dell'azienda. I termini finanziari dell'investimento non sono stati resi noti.
KKR (NYSE:KKR) ha anunciado una inversi贸n estrat茅gica en SupplyHouse, una plataforma l铆der de comercio electr贸nico para productos HVAC, de plomer铆a y el茅ctricos. Fundada en 2004, SupplyHouse ha atendido a m谩s de 7 millones de clientes en todo Estados Unidos a trav茅s de su plataforma propia y el programa de fidelidad TradeMaster.
La inversi贸n se realiza a trav茅s de la Ascendant Strategy de KKR, parte de su plataforma de Private Equity en Am茅rica, enfocada en empresas de mercado medio. SupplyHouse, con sus 1,200 empleados, mantendr谩 una cultura centrada en sus trabajadores y colaborar谩 con KKR para asegurar que los miembros del equipo participen en el 茅xito futuro de la compa帽铆a. No se divulgaron los t茅rminos financieros de la inversi贸n.
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KKR (NYSE:KKR) a annonc茅 un investissement strat茅gique dans SupplyHouse, une plateforme de commerce 茅lectronique leader pour les produits HVAC, plomberie et 茅lectriques. Fond茅e en 2004, SupplyHouse a servi plus de 7 millions de clients 脿 travers les 脡tats-Unis via sa plateforme propri茅taire et le programme de fid茅lit茅 TradeMaster.
L'investissement est r茅alis茅 par le biais de la strat茅gie Ascendant de KKR, qui fait partie de sa plateforme Private Equity Am茅riques, ax茅e sur les entreprises de taille moyenne. SupplyHouse, avec ses 1 200 collaborateurs, conservera une culture d'entreprise centr茅e sur les employ茅s et collaborera avec KKR pour garantir que les membres de l'茅quipe participent au succ猫s futur de l'entreprise. Les modalit茅s financi猫res de l'investissement n'ont pas 茅t茅 divulgu茅es.
KKR (NYSE:KKR) hat eine strategische Investition in SupplyHouse angek眉ndigt, eine f眉hrende E-Commerce-Plattform f眉r HVAC-, Sanit盲r- und Elektroprodukte. SupplyHouse, gegr眉ndet im Jahr 2004, hat 眉ber 7 Millionen Kunden in den gesamten USA 眉ber seine eigene Plattform und das TradeMaster-Treueprogramm bedient.
Die Investition erfolgt durch KKR's Ascendant Strategy, Teil der Americas Private Equity-Plattform, die sich auf mittelst盲ndische Unternehmen konzentriert. SupplyHouse, mit seinen 1.200 Mitarbeitern, wird eine mitarbeiterorientierte Unternehmenskultur beibehalten und mit KKR zusammenarbeiten, um sicherzustellen, dass die Teammitglieder am zuk眉nftigen Erfolg des Unternehmens teilhaben. Die finanziellen Details der Investition wurden nicht bekannt gegeben.
- Strategic partnership with leading global investment firm KKR provides growth capital and expertise
- Strong market position with 7 million customers served and established e-commerce platform
- Commitment to employee ownership and engagement through KKR partnership
- Successful track record of organic growth in HVAC, plumbing, and electrical distribution
- Financial terms and investment size not disclosed, limiting transparency
Insights
KKR's investment in SupplyHouse represents strategic expansion into specialized e-commerce, leveraging KKR's Ascendant Strategy for middle-market growth.
This strategic investment by KKR in SupplyHouse marks a significant move for the global investment firm's Ascendant Strategy, which targets middle-market businesses in North America. SupplyHouse has established itself as a rapidly growing distributor in the HVAC, plumbing, and electrical product space, serving over 7 million customers through its e-commerce platform.
The investment highlights KKR's continued interest in vertical-specific e-commerce platforms with proven growth trajectories. SupplyHouse's differentiators include its proprietary platform, TradeMaster loyalty program, nationwide logistics network, and customer service reputation鈥攁ll valuable assets in the fragmented trade supplies distribution market.
While financial terms weren't disclosed, this partnership appears strategically aligned on two key dimensions: operational growth and cultural values. KKR's experience scaling middle-market companies combined with SupplyHouse's established market position creates potential for accelerated expansion. Additionally, both organizations emphasize employee ownership models, with explicit mentions of plans for team members to share in future success.
For KKR investors, this represents further diversification within the firm's private equity portfolio through its Americas platform. The investment aligns with broader industry trends toward digitization of traditionally fragmented distribution channels, particularly those serving trade professionals. With SupplyHouse's 1,200 employees and established e-commerce infrastructure, KKR is backing a platform with proven unit economics rather than early-stage speculation.
Founded in 2004, SupplyHouse is one of the fastest-growing distributors in its category, having served over 7 million customers across the
"We are excited to welcome KKR as a strategic partner, especially given our shared values around cultivating a 'team first' mindset," said Josh Meyerowitz, Founder and CEO of SupplyHouse. "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 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," said Brandon Brahm, Partner at KKR and Co-Head of KKR's Ascendant Strategy. "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."
As part of the Company's continued commitment to building a people-first culture, SupplyHouse will collaborate with KKR in ensuring all team members continue to share in the Company's future success. This strategy is based on the shared belief that employee engagement is a key driver in building stronger companies.
KKR is making its investment in SupplyHouse through its Ascendant Strategy, which invests in middle market businesses in
Evercore served as 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.
About SupplyHouse
SupplyHouse is a leading e-commerce distributor of HVAC, plumbing, and electrical products. Founded in 2004, the Company serves trade professionals across
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at . For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at .
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