The Beringer Group is pleased to announce that our client, Blodgett Supply/Blodgett Distributors, has entered into an agreement for the sale of the company to Hajoca Corporation of Lafayette Hill, Pennsylvania.
Blodgett Supply is a family-owned diversified wholesale distributor, tracing its roots back to 1848. Hajoca is the second-largest PHVAC wholesaler in North America and is also a family-owned company. This acquisition will allow Blodgett to leverage the advantages of being part of a larger company, with advanced technology, training and development and access to additional product lines and services.
The Beringer Group was engaged in 2018 to explore transition options to assure Blodgett Supply/Blodgett Distributors’ future success. TBG served as the exclusive consultant and financial advisor to the owner and operator throughout the process. “Our approach was to find the best partner for Sam and his family, and to allow for the continued success of the company and their employees,” commented Brad Williams, Vice President at The Beringer Group. “Congratulations to Sam and Jim.”