Fenco Supply Company

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Fenco Supply Company - overview

Established

1973

Location

Knoxville, TN, US

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

About

Fenco Supply Company, located in Knoxville, US, specializes in wholesale HVAC supplies, offering a wide range of equipment and tools to licensed contractors across Tennessee, North Carolina, and Virginia. Fenco Supply Company, founded in 1973 and headquartered in Knoxville, Tennessee, focuses on providing HVAC supplies to licensed contractors. The company has remained consistent in its operations without notable pivots or changes in strategy. The founder’s history is not disclosed.


As of February 2026, Fenco Supply was acquired by Averon Group, a portfolio company of Trinity Hunt Partners, which will enable them to expand their services into the Southeastern U. S. Fenco Supply specializes in wholesale HVAC supplies, delivering a comprehensive range of high-quality equipment, tools, and services tailored for licensed contractors. The company's core offerings include HVAC system components such as air conditioning units, heating systems, ventilation products, and essential tools necessary for installation and maintenance.


These products are designed to meet the demands of HVAC professionals, providing reliable solutions for residential and commercial applications. Fenco Supply caters primarily to HVAC contractors operating in Tennessee, as well as parts of North Carolina and Virginia, ensuring they have access to the necessary tools and equipment to serve their end users effectively. This focused approach allows Fenco Supply to position itself as a trusted partner in the HVAC supply chain, enhancing service delivery across its operational regions. Fenco Supply generates revenue through direct transactions with licensed HVAC contractors, focusing on a B2B model that emphasizes wholesale distribution rather than direct-to-consumer sales.


The transactional structure typically involves contractors placing bulk orders for various HVAC products and tools, which are then fulfilled from one of the company’s four locations in Tennessee. While specific pricing plans are not disclosed, the company's offerings are structured to provide competitive pricing that reflects the quality and reliability of its products. Fenco Supply's established relationships with contractors and its dedication to delivering high-quality HVAC solutions position it for sustained revenue growth in the competitive HVAC supply market. In February 2026, Fenco Supply Company was acquired by Averon Group, which aims to utilize the acquisition to expand its services into the Southeastern U.


S. While specific new products and geographic expansions have not been detailed, this strategic move indicates a commitment to growth and enhancement of service capabilities in the HVAC supply chain.


Current Investors

Averon Group

Primary Industry

Heating, Cooling & Ventilation Equipment and Services

Sub Industries

Heating, Cooling & Ventilation Equipment and Services

Website

www.fencosupply.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Fenco Supply Company - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedFenco Supply Company-

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