Third partner company adds HVAC controls and building automation expertise
DALLAS--(BUSINESS WIRE)--Averon Group, a national HVAC distribution platform backed by Trinity Hunt Partners, today announced its investment in Control Equipment Company (“CEC”), a Utah-based distributor of HVAC controls, building automation systems, and replacement parts. The investment extends Averon’s geographic reach into the Intermountain West as the company builds a national network of independent distributors serving HVAC and mechanical contractors, as well as facility managers.
Based in South Salt Lake City, Utah and serving the region since 1954, CEC supplies contractors and building automation professionals with everything from boiler controls and VAV systems to testing equipment and hard-to-find replacement parts. Long-standing manufacturer relationships and hands-on technical training courses have made CEC a resource contractors rely on. CEC’s leadership team will remain in place, and Bob Bair will continue as President.
“The Intermountain West has the growth and customer demographic fundamentals we target, and CEC offers the right foundation to build on across the region,” said Troy Vellinga, CEO of Averon Group. “Bob and his team have built deep customer relationships throughout the market on the strength of their technical expertise. Our role in this partnership is to deploy Averon platform resources to them so they can do more of what they already do well.”
In a $70 billion U.S. HVAC independent distribution industry that remains highly fragmented, with thousands of distributors, CEC joins Blackhawk Supply in Chicago and Fenco Supply in Knoxville as Averon Group’s third partner company. This partnership strengthens the platform's controls and building automation offering, reinforcing the parts-and-supplies focus at the core of Averon’s platform strategy.
“When our customers click or call, they consistently reach a person who knows the correct technical answer to their building question. That remains our strength,” said Bob Bair, President of Control Equipment Company. “This important partnership with Averon Group simply enhances our ability to provide and accomplish more for our customers. This investment allows us to grow our team, expand our product offering, upgrade our systems, and build out our e-commerce capabilities. We look forward to our next era of growth and value creation with the Averon team.”
Averon Group is actively pursuing partnerships with independent HVAC distributors and adjacent product line providers nationwide. For more information about Averon Group’s strategy and M&A opportunities, visit www.theaverongroup.com.
ABOUT CONTROL EQUIPMENT COMPANY
Control Equipment Company is a wholesale distributor of HVAC controls, building automation systems, and replacement parts based in South Salt Lake City, Utah. Founded in 1954, the company serves HVAC and mechanical contractors and building automation professionals throughout the Intermountain West, supported by a broad product offering, technical expertise, and hands-on training programs. For more information, visit www.cecutah.com.
ABOUT AVERON GROUP
Averon Group is a national HVAC distribution platform serving HVAC and mechanical contractors and facility managers through operations in the Midwest, Southeast, and Intermountain West. The company provides HVAC equipment, parts, and supplies, along with adjacent products in building automation, electrical, and plumbing. Backed by Trinity Hunt Partners, Averon Group is building a network of independent distributors committed to growth and operational excellence. For more information, visit www.theaverongroup.com.
ABOUT TRINITY HUNT PARTNERS
Trinity Hunt Partners is a growth-oriented private equity firm with over $2 billion of assets under management focused on building leading B2B and B2C distribution and services companies. Trinity Hunt’s mission is to provide the talent and strategic, operational, and financial capabilities needed to build entrepreneurial services companies into market leaders. For more information, visit www.trinityhunt.com.
Contacts
For Press Inquiries
Jan Morris
MiddleM Creative (on behalf of Averon Group)
jmorris@middlemcreative.com
T 904.210.3302
