Gustave A. Larson
Company Purchases Jensen-Klich Supply Co.
MILWAUKEE, WI. - March 4, 2003 - Gustave A. Larson
Company (“Larson”) announced today the acquisition of Jensen-Klich Supply
Co. This move is designed to establish a major presence for Larson in the
Iowa and Nebraska markets. Jensen-Klich has branches in Omaha and Lincoln,
Neb. and Clear Lake, Cedar Lake and Des Moines, Iowa.
“We are excited about our new partnership with
Jensen-Klich Supply Co.”, said Andrew Larson, President of Gustave A.
Larson Company. “Jensen-Klich has a proud, customer service focused team.
They have earned a great reputation with their customers and suppliers,
based on their mission that “The job is never finished until their
customers are satisfied.” This kind of passion is why they are such a
perfect fit with the Gustave A. Larson Company and our long-term growth
strategy of acquiring quality-oriented companies that are leaders in their
local markets.” This acquisition further establishes Larson as an industry
leader and a major regional player in the consolidation of the highly
fragmented HVAC/R industry.
Jensen-Klich Supply Co. is a leader in the Iowa and
Nebraska residential new construction markets with three locations in Iowa
and two locations in Nebraska. The company’s products include Armstrong
Air Conditioning Products, Magic Pak multi-family comfort systems, Lennox
Hearth Products, Heatcraft Refrigeration Products, Snappy sheet metal
products, Tecumseh compressors, and Hart and Cooley registers and grilles.
Gustave A. Larson Company has established itself as a
market leader and the premier wholesale distributor of commercial
refrigeration and HVAC products in the greater Midwest area. Larson’s
products include a full line of residential and commercial HVAC equipment
and accessories and commercial refrigeration products. Following the
completion of these transactions, the Company will operate 30 locations
serving customers in nine Midwestern states, with revenues of over $120
million. The Company is actively pursuing additional opportunities for
further growth throughout the Midwestern United States.
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