Updated:
Heritage Distribution Holdings
Heritage Distribution Holdings offers distribution services for heating, ventilation, and air conditioning equipment.
Heritage Distribution Holdings
Heritage Distribution Holdings offers distribution services for heating, ventilation, and air conditioning equipment. The company supplies HVAC/R contractors in the Southeastern and Midwestern US. It was founded in 2012 in Atlanta, Georgia, and acquired by Beijer Ref in December 2022.
General information
Firm type
Asset Manager
Year founded
2021
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Birmingham
Corporate office
Birmingham, AL, United States
Additional offices
San Francisco, CA, United States
Principals
Alex Briseño
CEO
Sector focus
Frequently asked questions
Who funded the creation of Heritage Distribution Holdings?
Gryphon Investors launched Heritage Distribution Holdings in September 2021 under its Heritage Fund strategy, which targets platform-building acquisitions in fragmented industries. Gryphon combined Thermal Supply and Habegger as the foundational assets and continues to provide capital for Heritage's acquisition strategy.
How does Heritage Distribution source acquisition targets?
Heritage targets independent, often family-run HVAC/R distributors — particularly in growing Sun Belt markets — where ownership groups may be seeking liquidity due to succession challenges. The firm leverages Gryphon's deal origination network and Briseño's deep industry relationships to source proprietary opportunities.
What geographies does Heritage Distribution focus on?
Heritage's footprint concentrates on the US Sun Belt and Southeast. Foundational acquisitions in Texas and Kentucky were followed by expansion into Florida, North Carolina, and additional Texas metro areas, with a stated strategy of targeting high-growth, warm-weather regions where HVAC demand is structurally strong.
Does Heritage Distribution invest outside HVAC distribution?
Heritage's mandate is focused exclusively on HVAC/R distribution. All disclosed acquisitions to date — Thermal Supply, Habegger, Florida Cooling Supply, Air Cold Supply, and Pameco — operate within the residential and commercial HVAC/R distribution supply chain.
Who runs investment decisions at Heritage Distribution?
CEO Alex Briseño leads the platform under the oversight of Gryphon Investors, the private equity sponsor. Briseño brings nearly two decades of HVAC distribution leadership experience from Watsco, and his team drives acquisition evaluation and operational integration.
Does Heritage Distribution participate in fund commitments or only direct acquisitions?
Heritage operates exclusively as an acquisition platform, not as an LP committing to third-party funds. Its capital is deployed entirely into buying and integrating regional HVAC/R distributors onto a shared operational platform.
How is Heritage Distribution Holdings related to Gryphon Investors?
Heritage is a portfolio company formed and controlled by Gryphon Investors, a San Francisco-based middle-market private equity firm. Gryphon created Heritage through its Heritage Fund strategy, which builds scaled platforms via acquisition roll-ups, and it remains the controlling sponsor.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: