Midwest HVAC News
Republic Announces Plans
to Acquire the Assets of Yeomans Distributing Company.
The Republic Companies, a Quad City based company providing HVAC/R,
electrical, and energy management products and solutions, today
announced an agreement to acquire the assets of Yeomans Distributing
Company headquartered in Peoria, Illinois.
Yeomans distributes York Air Conditioning and Heating Products and
Bosch Geothermal and Boiler equipment and supplies to 45 counties in
Northern and Central Illinois. In addition to many other product
lines, Republic distributes York, Luxaire, and Bosch equipment to 78
counties in Iowa, Western Illinois and Southern Wisconsin. The
synergies between Yeomans' and Republic's approach to customers and
community service are key components to this strategic acquisition.
Republic's brand promise to provide the products, technical
knowledge, customer service and fast response times will compliment
Yeomans' strengths and provide additional resources to Yeomans
Andy Armstrong, Vice President of Johnson Controls, the manufacturer
of York and Luxaire Heating and Cooling Products, remarked, "We're
excited about the merger for several reasons. We've been working
with Republic for several years and know that their culture and
strategies will blend very well with Yeomans. We also feel that the
increased size of the combined business will create a more
formidable competitor. Taking the best programs and strategies from
both companies will create a value proposition which will move
dealer and customer service to the next level."
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share a rich heritage, were built on traditional Midwestern
values, are family oriented, and provide exceptional
relationship-based technical expertise. This transaction
provides the opportunity for Republic to expand our footprint
throughout Northern and Central Illinois and add a very strong
residential and commercial market to our company," stated Mark
Kilmer, President of Republic.
Guy Pauley, Vice President of Republic's Mechanical Division
commented "With this strategic acquisition, we look to enhance
Yeomans customers by providing them with additional operational
resources, expanded products and services, increased technology,
refrigerant management, business development, and marketing and
technical training expertise."
Rick Cudd, Republic's Commercial Equipment Vice President
stated, "Our commercial group is excited to provide Yeomans’
employees and customers with expanded commercial support, access
to a wider spectrum of equipment solutions, bench strength, and
Brad Johnson, Vice President of Yeomans Distributing Company
added, "This strategic merger will deliver significant value to
our Northern and Central Illinois customers, allowing them to
participate in many of Republic's outstanding programs.
Together, we create a stronger, more robust company, and I'm
energized and excited that our employees and customers will be
able to benefit from Republic’s vision."
The deal is expected to close in early to mid-May, 2014.
Republic, headquartered and founded in Davenport, Iowa, is a
community minded, award winning 98 year family owned
relationship-driven, multi-faceted distribution company which
serves eastern and central Iowa, Southern Wisconsin and Western
Illinois in the areas of electrical, heating, air conditioning,
refrigeration, energy management and sign support systems. Its
three Iowa distribution facilities are located in Davenport,
Cedar Rapids and Dubuque. Republic serves the residential and
commercial contractor markets, the industrial, MRO, and OEM
markets, and municipalities throughout the region.
Yeomans was established in Peoria, Illinois in 1947 as a Motorola
car radio distributor by A.M. Yeomans. His son Murray took the helm
in 1963 and over the years, evolved into a multi-faceted
distribution company. In 1991, the company transitioned into a 100%
employee-owned company. Today, Yeomans distributes primarily HVAC
equipment and supplies to 45 counties in central and northern
Illinois and serves the residential and commercial contractor HVAC
contractor market. Yeomans has won national recognition for selling
Premium products and several years led the nation in selling
alternative refrigerant air conditioning products.