Winsupply Inc., one of the largest distributors in the nation, has completed the purchase of Atlantic Coastal Supply, a specialty plumbing distributor in Greenville, North Carolina. Atlantic Coastal Supply focuses on commercial and institutional customers including municipalities, schools, hospitals and prisons.
John Meeks, president of Atlantic Coastal Supply, will remain president. Meeks, along with other key employees, plans to make a significant investment in the company. The Winsupply business model is built on creating successful partnerships with local entrepreneurs in which each location has a team co-owners along with Winsupply Inc. Atlantic Coastal Supply, owned by Meeks and his sister Lea Meeks-Blinson, was founded in 1992 by their father.
“We welcome another great family-built business to Winsupply,” said Monte Salsman, president of Winsupply Acquisition Group. “We are very enthusiastic and honored to have John and Lea join our team. It’s clear why they’ve been so successful. They are great people with a strong commitment to do the right thing for their customers, their employees and their vendors.”
In the Winsupply business model, Winsupply is the majority owner of its companies, reflecting its shared-ownership business model in which local entrepreneurs have autonomy to decide how best to serve their customers, and to share in the financial risks and rewards of ownership.mergers and acquisitions, Winsupply