BIRMINGHAM, AL. (March 9, 2023) – Founders is pleased to announce that certain principals of Founders Advisors advised Barsco, Inc. (“Barsco”) in its sale to the Reece Group (“Reece”).

Barsco, founded in 1934 and headquartered in Dallas, TX, is a premier distributor of refrigeration and HVAC equipment, parts, and supplies throughout Texas. With a long history of exceptional customer service and expertise, Barsco has built a brand known for providing quality products across its 12-location footprint.

Reece is a leading distributor of plumbing, waterworks, and HVACR products to commercial and residential customers through over 800 branches in Australia, New Zealand, and the United States. In the US, the company operates over 200 branches spanning the sun belt region. Established in 1920 and listed on the Australian Securities Exchange, Reece has approximately 9,000 employees committed to improving the lives of its customers by striving for greatness every day.

Vaughn McCrary, Director at Founders covering the specialty distribution sector, noted “From our first meeting until close, David’s vision and goals for Barsco were incredibly clear in terms of the type of partner and future he wanted for Barsco, and I’m incredibly proud that we were able to find that partner in Reece. We’re very excited for David, his brother Kevin, and the rest of the Barsco team to experience this next stage of growth.”

David Jones, President of Barsco, added “The Founders team did a phenomenal job guiding us through the process of finding a new home for Barsco. With their expertise in our market, we knew that we could trust their judgement and guidance.”

About Barsco

In operation since 1934, Barsco is a distributor of refrigeration and HVAC equipment, parts, and supplies to both commercial and residential end markets. Barsco’s strong supplier relationships and technical expertise allow for a customer experience that is unparalleled in the region. To learn more, visit www.barsco.com.

About Reece

Reece Group is a leading distributor of plumbing, waterworks, and HVAC-R products to commercial and residential customers through over 800 branches in Australia, New Zealand, and the United States. Established in 1920 and listed on the Australian Security Exchange (ASX: REH), Reece Group has approximately 9,000 employees committed to improving the lives of its customers by striving for greatness every day. For further information on Reece Group and its portfolio of business visit www.group.reece.com/au.

About Founders Advisors

Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across industrial, technology, business services, consumer, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory, LLC is a wholly-owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit www.foundersib.com.