port-yates

Sector

Value-Added Distribution

Industry

Industrial HVAC & Plumbing

Transaction Type

Majority Recapitalization

Status

Current Investment

Lead Partner

Business Description

N.H. Yates & Company, Inc. is a value-added distributor and manufacturers’ representative of HVAC, plumbing, and hydronic products for commercial, industrial, and residential applications. Founded in 1949, the company offers products from leading manufacturers, including Taco, A.O. Smith, Conex, and Aquatherm. Yates serves wholesalers, contractors, and end users, working closely with engineers on product selection and specification. Through its Hydronic Modules business, the company also designs and assembles custom hydronic systems. Its core territory spans the Mid-Atlantic, the Carolinas, and Florida, with national reach through distribution partnerships for select product lines. The company is headquartered in Hunt Valley, Maryland, with additional distribution facilities in Pottstown, Pennsylvania, and Kernersville, North Carolina.

Transaction Overview

KLH partnered with N.H. Yates’ management team in a majority recapitalization that provided liquidity to existing shareholders, equity participation for key management team members, and capital to support continued growth. The partnership supports the expansion of the company’s product offerings and geographic reach, as well as strategic acquisitions.