# Rheem takes minority stake in Century A/C Supply and Air Management Supply

Rheem became a minority shareholder in Century A/C Supply and Air Management Supply, with founder Dennis Bearden retaining a majority. The businesses will continue to operate independently.

- Type: Partnership
- Announced: 2020-04-07
- Where: Houston, Texas, United States
- Status: announced
- Products: HVAC equipment, Rheem and Ruud products
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Century A/C Supply](https://endata.com/companies/46395.md)
- [Air Management Supply](https://endata.com/companies/46396.md)
- [Rheem](https://endata.com/companies/9618.md) (investor)
- [Century A/C Supply](https://endata.com/companies/46395.md) (partner)
- [Air Management Supply](https://endata.com/companies/46396.md) (partner)

## Sources

- [ac-today.com](https://ac-today.com/century-a-c-supply-air-management-supply-announce-new-partnership/), 2020-04-07: "This partnership presents a strategic opportunity for long-term growth and reinforces the strong supplier relationships we have built over the last several decades."
- [ac-today.com](https://ac-today.com/century-a-c-supply-air-management-supply-announce-new-partnership-2/), 2020-05-01: "This partnership presents a strategic opportunity for long-term growth and reinforces the strong supplier relationships we have built over the last several decades."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.