MKM, the independent builders’ merchant, has made a strategic move into the HVAC (Heating, Ventilation, and Air Conditioning) sector with the acquisition of Oceanair UK Ltd.
Established in 2002, Oceanair has built a reputation as a specialist distributor for brands Daikin, Fujitsu and Panasonic. Their successful transition into the air to water market makes them ideally placed for significant growth in the future.
Oceanair are an award-winning distributor of HVAC, operating from locations in Mansfield and Crawley.
Kate Tinsley, CEO of MKM, said: “This is an interesting acquisition for MKM and enables us to expand into further emerging marketplaces; Oceanair is a great company with very talented people. I’m really excited about our growth plans.”
Oceanair will continue its operations under its existing name. Tony Evanson, the owner of Oceanair, will remain involved in the business for the foreseeable future providing support during the transition. He emphasised the importance of finding the right home for the business and expressed pride in its growth over the years.
“I’m incredibly proud to see the business grow over the years and have developed some fantastic relationships with staff, customers, and suppliers. I have thought long and hard about selling the business and was adamant it needed to go to the right home. I’m very pleased to be around the business to support the MKM team and look forward to seeing Oceanair grow under its new ownership.”
Rob Barnes, MKM’s business development director leading the acquisition, expressed confidence in the growth potential of Oceanair.
“This acquisition fits perfectly with MKM’s plans for expansion, allowing us to branch out further into the HVAC industry. Continuing to work closely with the current Oceanair team guarantees a seamless transition, customers and suppliers can expect business as usual.”
