Boucherville, QC-based The Master Group Inc. has entered the U.S. market with its purchase of Value Added Distributors (VAD).
Midlothian, VA-based VAD is the parent company of HVAC distributors Virginia Air Distributors, Allied HVAC Distributors and South Carolina Air Distributors, and has approximately 200 employees in six states.
“This agreement represents an incredible milestone in the history of Master. A milestone in our expansion in the United States and a milestone as the first Canadian-owned HVAC/R distributor expanding through acquisition south of the border,” says Louis St-Laurent, CEO of The Master Group. “This agreement is fully-aligned with Master’s vision to become the most innovative, and fastest-growing HVAC/R solutions provider in North America. While continuing to invest and to grow in all Canadian markets, VAD will be the platform for future U.S. growth.”
The Master Group has 1,100 employees in more than 49 branches and four distribution centres across Canada.