Charlotte-based Ridgemont Equity Partners announced it has acquired Illinois-based Munch’s Supply, a wholesale distributor of heating, ventilation and air conditioning equipment.

Financial terms of the transaction were not disclosed.

Munch distributes HVAC equipment to residential and commercial customers in the Midwest, Great Plains and Mountain territories. The company distributes products from more than 100 HVAC suppliers, including Trane and Mitsubishi.

The company was founded in 1956 and is headquartered in New Lenox, Illinois

Munch’s management team, led by CEO Bob Munch, was included in the acquisition.

“We are pleased to announce our new partnership with Ridgemont and believe their experience building best-in-class national distributors is critical to successfully executing our future vision,” said Munch. “Further investment in our business will enable our leadership team to continue to expand our geographic footprint, deepen our parts and supplies offering and improve our technical capabilities to better serve our customers and supplier partners.”

Ridgemont is a buyout and growth equity investor. Since 1993, the principles of Ridgemont have invested approximately $4.4 billion.

The firm focuses on equity investments up to $250 million in industries in which it has deep expertise, including business and industrial services, energy, health care, technology and telecommunications.

“Specialty distribution has been a cornerstone of Ridgemont’s business and industrial services practice, and we have been focused on identifying opportunities within the HVAC sector for many years,” said Jack Purcell and Tim Dillon, partners at Ridgemont, in a joint statement.