AMS Partnership News
To our valued customers:
This year marks my 34th year as an employee of Century A/C Supply and Air Management Supply. Over those three and a half decades, I have experienced many changes in the industry, from government regulations to refrigerant changes and base efficiency increases. With the purchase of a Rheem distributor in 1994 and subsequent acquisitions, Air Management Supply was formed and allowed the Century Companies to grow from two Houston locations to 34 branches spanning Texas and the Midwest. While the industry and company have evolved, one thing that has not changed is our commitment to customers and our mission: empowered employees providing exceptional service. When Dennis Bearden founded the century Companies in 1973, his goal was to create the best HVAC distributorship possible by treating employees as family and customers as friends.
It is this driving force that has allowed us to become the company we are, and today I am proud to announce the next phase of our business's evolution: Air Management Supply is entering into a new partnership with Rheem. With this new alliance, Rheem will become a minority shareholder in Century A/C Supply and Air Management Supply with Dennis retaining a majority of shares. This partnership presents a strategic opportunity for long-term growth and reinforces the strong supplier relationships we have built over the last several decades. Branches within Century A/C Supply's York territory will be phased into a new company, Century HVAC Distributing, owned entirely by Bearden. The businesses will continue to operate independently under the existing leadership teams.
Air Management Supply, Century A/C, and Century HVAC Distributing will continue to provide the same exceptional service and products that we have always offered, keeping employees' and customers' best interests at the center of our strategic decisions. Mike Branson, President of Rheem's Air division, stated that "Rheem is committed to the success of its distributors and contractor customers, and this new partnership allows us to further support one of our long-term channel partners. We look forward to the opportunities ahead with Century A/C Supply and Air Management Supply."
I would like to thank all of our customers and employees who have helped Century grow into the company it is today and look forward to ushering us into this new chapter. Gung Ho, friends.
Rick Luke, President
Air Management Supply & Century A/C Supply