Independent builders’ merchant MKM has bought AC-to-heat pumps distributor Oceanair UK, as the merchant looks to build its HVAC portfolio.
Oceanair, which operates from Mansfield and Crawley has built a reputation as a distributor for AC and heat pump brands Daikin, Fujitsu and Panasonic. Their successful transition into the air to water market makes them ideally placed for significant growth in the future, says MKM, which is claimed to be the largest builders’ merchant in the UK.
Kate Tinsley, chief executive of MKM, said:
This is an interesting acquisition for us 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, ensuring continuity for both customers and suppliers. Tony Evanson, the owner of Oceanair, will remain involved in the business for the foreseeable future, MKM added.
Tony said:
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, added:
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. Oceanashp.co.uk, part of Oceanair, specialises in heating and concentrates on designing, supplying, commissioning, and supporting air-to-water heat pumps. Their Heat Pump Training Academy conducts courses on design and installation and has recently earned recognition as a “Centre of Excellence” by Panasonic. This fits perfectly with our commitment of offering more sustainable options to customers.
With a turnover of around £1 billion, MKM has rapidly expanded its footprint with branches strategically located across England, Scotland, and Wales.
