Generational Group Advises Meter Service & Supply in its Sale to Winsupply

By Generational Group

06/10/2024

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client Meter Service & Supply Co., Inc. to Winsupply, Inc. The acquisition closed on May 20, 2024.

Meter Service & Supply (MSS), located in Memphis, Tennessee, is a leading supplier of gas, water, electrical, and sewer products, which support local/regional government agencies, general contractors, and DIYers. In operation since 1947, the Company has developed a tremendous market presence and reputation.

Winsupply, headquartered in Dayton, Ohio, is a leading supplier of materials for residential and commercial construction as well as industrial use. Since 1956, Winsupply has provided enterprising entrepreneurs with the opportunity to own and operate their own business, all with the support of committed support and services. It’s their mission to help hard-working people achieve the American dream in an era that pushes business owners to reinvent traditional success strategies.

Jeff Dice, president of Winsupply Inc., welcomed Meter Supply into the Winsupply family.

“Together, we will leverage our combined strengths to achieve new levels of success in the Memphis waterworks market,” said Dice.

Currently serving as the president of Meter Supply, Jerry Deming looks forward to continuing in a management capacity and transitioning leadership to Casey Belew, who will assume the president’s role. Belew is relocating from River Valley Winwater, where he was mentored by President Michael Carter. Belew completed Winsupply’s Management Development Training Program in 2023, preparing him for this transition to president at Meter Supply.

“The acquisition of Meter Supply is a significant strategic move for us, as it allows us to expand our waterworks portfolio in Memphis, Tennessee,” said Greg Holbrock, vice president of mergers and acquisitions due diligence and financial integration at Winsupply.

Holbrock added, “We are confident that the cultural alignment between Jerry, his team, and the Winsupply family of companies will pave the way for a successful partnership. This strategic move not only strengthens our relationships with vendor partners but also fosters entrepreneurship through the Winsupply ownership model, perpetuating free enterprise capitalism.”

In the Winsupply business model, Winsupply is the majority owner of the local companies. This reflects a shared-ownership business model in which local entrepreneurs have the autonomy to decide how best to serve their customers and to share in the financial risks and rewards of ownership.

“We are thrilled to welcome Meter Supply & Service into our family. Their Story embodies the ‘Spirit of Opportunity’ that we value at Winsupply,” said Steven Coen, director of business development at Winsupply. “The Deming family’s hard work and dedication have made Meter Supply a primary waterworks supplier in the Memphis area. When we consider acquisitions, we look beyond the business itself. The team at Meter Supply has proven outstanding, and we are honored that they have trusted us to carry on the legacy they have built.”

Generational Group Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior Managing Director, M&A, Jerry Yocum, with the support of Managing Director, M&A, Ryan Johnson closed the deal.  Senior Managing Director, Doug Morrow established the initial relationship with MSS.