# Beijer Ref to acquire Heritage Distribution Holdings from Gryphon Investors

Gryphon Investors signed a definitive agreement to sell Heritage Distribution Holdings, a multi-regional HVAC/R parts distributor in the US, to Beijer Ref. The sale is expected to close in Q1 2023.

- Type: Acquisition
- Announced: 2022-12-15
- Where: Atlanta, Georgia, United States
- Value: $1.27B
- Status: announced
- Products: HVAC/R parts and equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Gryphon Investors](https://endata.com/companies/6101.md) (investor)
- [Beijer Ref](https://endata.com/companies/15341.md) (acquirer)
- [Heritage Distribution Holdings](https://endata.com/companies/60680.md) (target)

## Sources

- [gryphon-inv.com](https://www.gryphon-inv.com/news/gryphon-investors-signs-agreement-to-sell-heritage-distribution-holdings-to-beijer-ref/), 2022-12-15: "Gryphon Investors announced today that it has signed a definitive agreement for the sale of its portfolio company Heritage Distribution Holdings to Beijer Ref."
- [coolingpost.com](https://www.coolingpost.com/world-news/beijer-ref-lands-in-the-us/), 2022-12-15: "The North American market is currently undergoing a shift towards electrification and energy efficiency, accelerated by regulatory changes."

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