Kodiak acquires Specialty Appliance
Kodiak Building Partners has acquired substantially all the operating assets of Specialty Appliance, LLC, as of April 4. Specialty Appliance is a high-service regional appliance dealer that specializes in the support of residential contractors and their customers, operating from five locations in Colorado.
Specialty Appliance founders Kirk Dryden and Greg Ulvedal will continue to run the company, as it joins the Interiors Group at Kodiak Building Partners under the leadership of Doug Rapier.
Paul Hylbert, Chairman of Kodiak noted, “Specialty Appliance is a strong and well-known player in the Colorado markets. We are excited to add their team members into the Kodiak family, alongside the teams at Factory Builder Stores and Arizona Wholesale Supply. This is an important segment for us at Kodiak, and the team and management at Specialty Appliance reinforces our strength in multiple ways.”
Specialty Appliance owner Kirk Dryden said, “Specialty Appliance was started in 1998 with a small amount of family investment and with a business plan that was agreed to on the back of a napkin at Chili’s. Now, we are very eager to be starting the next phase of our journey by joining the Interiors Group at Kodiak Building Partners.”
“We started as an installation company, and now, Specialty Appliance has grown to employ more than 120 employees along the Front Range of Colorado. We look forward to working with the teams at Factory Builder Stores and Arizona Wholesale Supply in the coming years,” Owner Greg Ulvedal added.
Steve Swinney, CEO of Kodiak stated, “We’ve enjoyed the process of getting to know the owners and team at Specialty. It is clear to us why they outperform the competition. They have built a sound foundation from which to grow from here. Like so many other founders or legacy management teams, they recognized that their next stage of growth could best be supported by Kodiak and that the best environment for their team was within the very decentralized culture that Kodiak offers. We are proud to add this top-notch company into our family. We know that the addition of Specialty Appliance to Arizona Wholesale Supply and Factory Builder Stores positions us as a substantial player in these product lines and geographies.”