KKR invests in e-commerce distributor SupplyHouse

KKR (NYSE: KKR) announced a strategic investment in SupplyHouse, an e-commerce platform for HVAC, plumbing, and electrical products distribution. The companies did not disclose financial terms of the transaction.

Founded in 2004, SupplyHouse operates a digital platform serving trade professionals across the United States. The company has served over 7 million customers and employs approximately 1,200 people. SupplyHouse offers more than 250,000 products from over 500 brands through its nationwide logistics network.

"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."

Brandon Brahm, partner at KKR and co-head of KKR's Ascendant Strategy, said the firm was attracted to SupplyHouse's vertical-focused e-commerce model and organic growth track record. "We are excited by the compelling culture Josh has fostered at SupplyHouse that puts employees and customers at the center," Brahm stated.

KKR is making the investment through its Ascendant Strategy, which focuses on middle market businesses in North America as part of KKR's Americas Private Equity platform. The companies stated that all SupplyHouse employees will continue to share in the company's future success.

Evercore served as exclusive financial advisor to SupplyHouse, with Sidley Austin LLP as legal advisor. Baird advised KKR, with Kirkland & Ellis LLP providing legal counsel.

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