The event attracted nearly 100 mechanical and electrical contractors from the surrounding area, opening the door for new business avenues both for Republic and its manufacturer partners.

Founded in 1964, Gateway Supply has annual sales of approximately $180 million and serves approximately 4,000 customers from 15 locations in South Carolina and one location in North Carolina.

Todd Wade joined Republic as chief information officer and later took the lead over marketing and dealer success programs. In 2018, he was promoted to senior vice president of the mechanical division, and then in 2022 to president of the mechanical division.

Together, Bruce Supply Corp, The Kennedy Companies, and S.G. Torrice generate annualized revenues of approximately $450 million. All three acquisitions closed in the fourth quarter of the Ferguson fiscal year that ended July 31.

Sales by HVACR distributors participating in the Heating, Air-Conditioning and Refrigeration Distributors International (HARDI) TRENDS report declined by 4.1% during April 2023.