Swedish wholesaler Beijer Ref has signed an agreement to acquire Young Supply, a North American distributor of commercial refrigeration and HVAC with headquarters in Detroit.

The company serves contractors in the Midwest United States, including Michigan and Ohio – territories adjacent to Beijer Ref’s current holdings in the United States. Young Supply has annual sales of approximately SEK1.4bn ($128m) with 18 branches.

This latest acquisition will be the Swedish wholesalers fourth in the U.S., since entering the US market in 2022.

Founded in 1935, Young Supply is a family-owned company primarily focusing on the commercial refrigeration and HVAC aftermarket for both residential and commercial projects. 

It boasts 18 branch locations, six contractor training center, a central warehouse distribution center, and a large delivery fleet.

The company, which is said to have a strong alignment with Beijer Ref’s key suppliers in the U.S., will continue to operate under its existing management and brand. It employs approximately 200 people.

Beijer Ref CEO described the acquisition of Young Supply as “an important addition to Beijer Ref’s existing platform in the United States”. 

“The acquisition aligns with our overall acquisition strategy and we look forward to continuing to drive growth and develop the company together with the existing owners,” he added.