AUSTIN, Texas, July 7, 2020 /PRNewswire/ -- Westlake Securities, Austin's leading middle market investment bank, is pleased to announce that Nation Wide Products has acquired Ductless Supply.
The acquisition is a significant step for the Abilene, Texas-based home improvement products company. As the North American leader in outdoor foam faucet winterization covers and known for manufacturing, developing and distributing quality home improvement products throughout the U.S. and Canada, Nation Wide is on a mission to better serve customers by enhancing quality and expanding their product line. The purchase of Ductless Supply marks the second acquisition for Nation Wide, following their previous acquisition of the A/C Safe brand of window HVAC accessories.
The addition of Ductless Supply provides Nation Wide greater access to one of the fastest growing segments of the U.S. HVAC market. Ductless Supply, based in Columbia, South Carolina, is a leading provider of mini split HVAC systems sold under the DuctlessAire brand. In addition to mini split units, the company supplies a large inventory of accessories for ductless HVAC installation and maintenance, all of which are sold online by national retailers such as Home Depot, Lowe's and Amazon.
Jason Darby, Co-Owner and Vice President of Nation Wide said, "The Ductless Supply acquisition is a great opportunity to expand our presence in the home improvement product sector and fits especially well given our experience in the HVAC accessory space. We look forward to expanding on the rich legacy and reputation of the DuctlessAire brand established by its founders."
Westlake Securities served as the exclusive financial advisor to Nation Wide and will be implementing their acquisition plan, led by Westlake's Managing Director Jon D'Andrea. For more information or to discuss potential acquisition opportunities, please contact:
About Westlake Securities
Westlake Securities is a middle-market investment bank founded in 2003 and headquartered in Austin, Texas. Westlake delivers superior execution and results to its clients with deep transactional experience, comprehensive technical analysis and hands-on involvement of our senior professionals. For more information, please visit: www.westlakesecurities.com
Investment Banking Services and Securities offered through Independent Investment Bankers Corp., a broker-dealer, Member FINRA / SIPC. Westlake Securities is not affiliated with Independent Investment Bankers Corp.
SOURCE Westlake IB, LLC