Pacific Plumbing Supply Co. LLC has agreed to sell its Hawaii operations to PACE Supply Corp, one of the top 10 plumbing supply wholesalers in the United States. Pacific Plumbing Supply employs 179 people in Washington, Alaska and Hawaii, and has operated in Hawaii since 1977.
PACE Supply, which already had significant business operations in Hawaii, will take over Pacific Plumbing Supply’s three Hawaii locations and offer employment opportunities to the existing team of 25 Hawaii-based employees.
“This acquisition is a major opportunity to build on our existing Hawaii business and continue the strong relationships that Hawaii Pacific Plumbing Supply and their employees have built,” said PACE Supply CEO Ted Green. “In addition to continuing Hawaii Pacific Plumbing Supply’s operations, we’ll be investing even more by building a 40,000 square foot distribution center in Waipahu.
PACE Supply and Pacific Plumbing Supply have been discussing the sale of Hawaii operations since early 2016. The sale is expected to be finalized during the summer of 2016.
“This is a win for both companies, for our customers, and for all of our employees,” said Larry Solomon, CEO of Pacific Plumbing Supply. “The sale will allow us to focus and redeploy resources on improving and growing our thriving businesses in Alaska and Washington, while also ensuring that our Hawaii employees will have the opportunity to continue working for a company with similar core values and a history of great customer and employee relationships, with a genuine stake in the community.”
As the sale date approaches, Pacific Plumbing Supply and PACE Supply will work closely to ensure a smooth transition for employees and customers alike. As part of the acquisition, Tom Powers, a Pacific Plumbing Supply vice president, and director of Hawaii, will join Pace Supply as director of Hawaii operations, and he will relocate to Hawaii to lead the team.
About Pacific Plumbing Supply: Pacific Plumbing Supply Co. was founded in Seattle in 1949 by Maurice Sherman. The company expanded to Alaska in 1972 and then to Hawaii in 1977. Pacific Plumbing Supply now includes four separate divisions with 15 locations, providing plumbing and heating materials for single family, multi-family and commercial new construction applications, as well as for the service and remodel market. The company also sells materials to retailers for resale at the consumer level.
About PACE Supply: PACE is an employee-owned plumbing wholesale supply company, primarily serving Northern California with 17 wholesale locations and three decorative plumbing showrooms. PACE provides contractors and retailers with supplies for plumbing, pumps and water wells, water filtration, sewer and septic systems, underground irrigation, fire protection, residential and commercial hydronics, and solar systems.