LOS ANGELES, Dec. 6, 2024
Platinum Equity, a leading global investment firm renowned for its expertise in mergers, acquisitions, and strategic growth investments, has announced its significant investment in Global The Source, a prominent distributor of HVACR (heating, ventilation, air conditioning, and refrigeration) products. This partnership marks a pivotal moment for the HVACR industry, as it aims to amplify Global The Source’s capabilities and market presence.
Global The Source, based in Dallas, Texas, has earned a stellar reputation for its comprehensive distribution network and unwavering commitment to serving HVACR professionals. The company offers an extensive range of products, including compressors, motors, controls, and tools, supporting contractors and service providers across the United States.
The partnership with Platinum Equity is expected to enhance Global The Source’s operational efficiency, expand its product offerings, and accelerate its growth trajectory. The investment aligns with Platinum Equity’s strategy of leveraging its operational expertise to drive growth and innovation in the companies it invests in.
A Vision for Growth and Market Expansion
Jacob Kotzubei, Partner at Platinum Equity, expressed his enthusiasm for the deal:
“Global The Source has a strong foothold in the HVACR distribution space, and we see significant opportunities to further scale the business. Our investment will focus on expanding their geographic reach, diversifying their product portfolio, and supporting their commitment to exceptional customer service.”
The investment underscores the increasing demand for HVACR products and services, fueled by trends like the growing emphasis on energy efficiency, the shift toward sustainable building solutions, and the need for reliable climate control systems across residential, commercial, and industrial markets.
Strengthening the HVACR Industry
Global The Source plans to leverage Platinum Equity’s extensive resources and industry expertise to strengthen its competitive edge. This collaboration is set to provide HVACR professionals with even greater access to high-quality products and advanced solutions, ensuring they can meet the evolving needs of their customers efficiently.
This strategic move by Platinum Equity reflects the ongoing consolidation in the HVACR sector, where companies are positioning themselves to capitalize on market growth while addressing challenges such as supply chain disruptions and increasing regulatory demands.
About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm managing a portfolio of businesses across diverse industries. With over $36 billion in assets under management, the firm is known for its focus on operational excellence and transforming companies to maximize value.
About Global The Source
Global The Source has been a trusted distributor of HVACR products for over 20 years. With a commitment to providing exceptional service and high-quality products, the company has established itself as a key player in the HVACR industry.
This partnership is poised to set new benchmarks in the HVACR distribution landscape, ensuring that both companies continue to deliver value and innovation to their stakeholders.
Venkat