Wittichen Supply Holding Company, Backed by Gryphon, Appoints New CEO and CFO | State

BIRMINGHAM, Ala., December 6, 2021 / PRNewswire / – Wittichen Supply Holding Company (the “Company”), today announced that it has appointed Alex Averitt as CEO and appointed Scott Page as Chief Financial Officer, with immediate effect. Wittichen Supply Holding Company, based in Atlanta, Georgia, is the newly formed parent company of Wittichen Supply Company (“Wittichen”), a wholesale distributor that provides heating, ventilation, air conditioning and refrigeration (HVAC / R) equipment, parts, supplies and services. to residential and business customers in the Southeastern United States The Company is a holding company of mid-market private equity firm Gryphon Investors.

Craig nikrant, the dedicated operating partner of Gryphon’s small-cap wealth fund, said: “We are very pleased to welcome Alex and Scott to Wittichen as we move forward with our plans to establish a premier regional player. plan in HVAC / R. Their professional and financial experience will be invaluable as we build the operational, back-office and regulatory capacities that will support the strategic growth of the Company. ”

Keith Stimson, Business Partner and Head of Gryphon’s Wealth Fund, said: “In keeping with Gryphon’s long-standing standards for starting a business, Alex and Scott are each proven top executives with an exemplary track record in building a business. the scale of similar distribution companies in the middle market, both organically and through mergers and acquisitions, with private equity partners. They will complement the Wittichen and Gryphon teams well, and we are delighted to be working with them.

Mr. Averitt is a seasoned business leader with a proven track record in creating value for stakeholders. He joined the company after three years as COO at BlueLinx Holdings, Inc., a wholesale distributor of building materials and industrial products. He has extensive experience in distribution and branch office operations, and is accustomed to successfully managing acquisitions and integrations. Prior to that, he spent 13 years with Cedar Creek Holdings, Inc., which was later acquired by BlueLinx, where he held several successive positions, most recently as CEO. He previously held general management positions at JELD-WEN. Mr. Averitt holds a bachelor’s degree from Arkansas Technical University and has several professional titles.

Mr. Averitt said: “I am delighted to join this century-old brand, known for its exceptional culture and loyal following. I look forward to learning the ‘Wittichen Way’ and working with Wittichen and Gryphon as we seek to become a leading regional player in the industry while continuing to invest in our people and innovative products and services. that will better serve our customers and create value for our suppliers.

A veteran of several manufacturing and service companies, Mr. Page will oversee the finances and resources of the Company and its affiliates. He most recently served as CFO at Royston Group, a manufacturer of custom merchandising accessories and specialty equipment for the retail industry. Prior to that, he rose through the ranks to Vice President, Finance, Distribution and Storage West at Chart Industries, a global manufacturer of cryogenic equipment for the industrial gas, energy and biomedical industries. Previously, he spent several years as Director, Corporate Financial Planning and Analysis at YP. He began his career with General Electric, where he held various positions for over a decade, most recently as CFO of Business Development at GE Energy. Mr. Page holds a BA of University of Michigan, a master’s degree in accounting from South georgia, and an MBA from Indiana University as well as several professional titles.

Mr. Page commented: “I am happy to be part of a remarkable company that is clearly enjoying great success. With an excellent reputation, top quality resources and a group of dedicated employees, the company is well positioned for disciplined expansion. ”

About Wittichen Supply Company

Founded in 1914 and based in Birmingham, Alabama, Wittichen is the leading wholesale distributor in the market providing the best HVAC / R equipment, parts, supplies and customer service at 25 locations in Alabama, Georgia, and Florida. Wittichen has long-standing relationships with major suppliers and distributes products from over 500 major HVAC / R manufacturers. With over 100 years of experience, Wittichen continues to provide its customers with top-notch service, including well-stocked branches, competitive pricing and after-hours service for emergencies. For more information visit www.wittichen-supply.com.

About Gryphon Investors

Situated at San Francisco, Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm focused on profitable growth and improving the competitiveness of middle market companies in partnership with experienced management. The company has managed more than $ 7.50 billion equity and capital investments since 1997. Gryphon aims to make equity investments of $ 50 million To $ 300 million in portfolio companies whose enterprise value varies by approximately $ 100 million To $ 600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and managers to build leading businesses, utilizing Gryphon’s capital, specialized professional resources and operational expertise.

Contact:

Lambert & Cie.

Caroline Luz

203-656-2829

[email protected]

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Jennifer hurson

845-507-0571

[email protected]

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