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The Gustave A. Larson Co., a leading wholesale distributor of heating, ventilation, air conditioning and refrigeration products, has announced that it closed on the purchase of Progress Supply Inc. (PSI), on Dec. 17, 2021.
PSI is a long-time established and successful multi-location HVAC and refrigeration distribution company in central and southwestern Ohio, southeast Indiana, and northern Kentucky.
Gustave A. Larson Co. thanks PSI owners, Mark and K.C. Faessler, for growing a successful business with great customer relationships. Mark has exited the business as of the close of the sale, and wishes him an enjoyable retirement. Gary Sparks, who has been the president of PSI for the last 10 years, will become vice president and general manager of Progress Supply Inc., A Gustave A. Larson Company.
"This acquisition increases our presence in Ohio and Kentucky and means that we can now support more contractors in these areas with our extensive inventory and dedicated customer service. Moreover, PSI aligns with our Larson values and culture, and brings the same level of commitment and service to its customers," said Scott Larson, Gustave A. Larson president and chief operating officer.
Progress Supply Inc. has been in business since 1960 and is headquartered in Cincinnati, Ohio, with branches in Cincinnati, Columbus, Dayton and Louisville, Kentucky. PSI is recognized as a market leader in the commercial refrigeration segment and has long-time established relationships with key manufacturing partners.
"I'd like to thank our dedicated employees for their commitment to serving our customers over the years. Our goal has always been to get the product or information that our customers have requested, into their hands when they need it," said Mark Faessler, owner of Progress Supply. We will go out of our way to meet our customers' needs and appreciate their partnership and support. Although the ownership is changing, I can assure you that the people and customer service will remain the same."