Master Group acquires Davies Supply
May 2, 2018
HVAC/R distributor The Master Group has acquired of all the shares of Saskatchewan distributor Davies Supply Group Ltd. The transaction includes all of Davies Supply’s operations, including the head office in Saskatoon and two branches in Calgary and Lethbridge, Alta., and furthers the company’s desire to extend its operations nationally across Canada.
Davies specializing in the distribution of heating and air conditioning parts, as well as water treatment and pump products, and will continue its operations under its current name of Davies Supply Group Ltd.
”For several years, Master has paved the way for an accelerated growth towards the Pacific Ocean and this acquisition clearly takes us just a few steps from the finish line,” said Louis St-Laurent, president and chief executive officer at The Master Group. ”We are very pleased to welcome Davies to our company and we extend a warm welcome to every member of the team.”
”Being part of a Canadian company with such an impressive growth profile represents tremendous opportunities for the company and all our employees, and we are very excited to join the Group,” said Phil Edington, president of Davies Supply Group. ”Personally, I will take advantage of this transaction by making my retirement plan a reality over the course of this calendar year,” he added.