Olympia Chimney Supply, Inc.
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Olympia Chimney Supply, Inc. - overview
Established
1999
Location
Scranton, PA, US
Primary Industry
Materials
About
Olympia Chimney Supply, Inc. is a manufacturer specializing in chimney and venting systems, providing high-quality solutions designed to enhance fire safety for both residential and commercial applications. Founded in 1999, Olympia Chimney Supply, Inc. operates out of Scranton, US.
The company is dedicated to manufacturing chimney venting systems, liners, and accessories. In 2012, Olympia was sold to a financial buyer, marking a significant transition in ownership. The CEO, Bryan Yourdon, leads the company in its operations and strategic direction. The company has raised a total amount of USD 2.
00 mn through a BUYOUT funding round with Family Capital Growth Partners and Merion being the latest investors, reflecting an ongoing commitment to innovation and market expansion. Olympia Chimney Supply specializes in a comprehensive range of chimney venting systems, liners, and accessories designed to enhance fire safety and performance in residential and commercial applications. Their high-quality chimney liners can withstand extreme temperatures of up to 2100 degrees Fahrenheit, featuring the Industry Exclusive Forever Warranty™, crucial for homeowners seeking reliable solutions. Olympia also provides versatile venting solutions under the Ventis brand, including Class A and Direct Vent options, rigorously tested and certified by Underwriters Laboratories to exceed industry safety standards.
The products are distributed across various geographical markets throughout the United States, catering to a diverse client base, including contractors, retailers, and homeowners. Olympia Chimney and Venting generates revenue through a business model that includes direct sales to contractors, retailers, and distributors, as well as partnerships with hearth professionals. The wholesale distribution of their flagship products, including chimney liners and Ventis venting solutions, is central to their operations. The competitive pricing structure facilitates volume purchases, enabling partners to effectively serve their residential and commercial clients.
The exclusive Forever Warranty on products enhances customer confidence, promoting repeat business. In 2019, Olympia strategically acquired Copperfield Chimney Supply, expanding its distribution capabilities. Olympia Chimney Supply plans to leverage its recent funding from the BUYOUT in 2012 to enhance its product offerings and expand market reach. The company is focused on developing new chimney safety solutions set to be launched in the upcoming years.
Additionally, there are strategies in place to penetrate new geographic regions across the United States to capture more market share and improve service delivery. The funds will support these initiatives, aiming for a broader distribution network and improved customer engagement.
Primary Industry
Materials
Sub Industries
Steel & Metals
Website
www.olympiachimney.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
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Olympia Chimney Supply, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Olympia Chimney Supply, Inc. | - | ||||||||
| Recapitalisation | Completed | Olympia Chimney Supply, Inc. | - | ||||||||
| Buyout | Completed | Olympia Chimney Supply, Inc. | - |
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