AD, IMARK Electrical plan to merge
AD and IMARK Electrical have announced their intent to merge.
The merger of equals within the U.S. electrical industry brings together two member-owned
groups consisting of 725 independently owned independent electrical distributors in the U.S.
The AD Board of Directors and the IMARK Electrical Boards of Directors are pleased to jointly announce that after many months of confidential discussions and extensive due dili-gence, both
The boards of both organizations unanimously voted for the merger, which is expected to close later this year.
The new entity will be a division within AD called The Independent Electrical Supply Divi-sion, U.S. (IESD) and will be part of the overall AD community of 1,410 independents spanning nine construction and industrial verticals and 14 divisions within the U.S., Canada, and Mexico.
The merger is centered on the electrical channel in the U.S. and does not include IMARK Canada, IMARK Plumbing, or IMARK Group, each of which are separate legal entities from IMARK Electrical.
“We believe this merger will significantly strengthen AD and IMARK’s electrical members and partners in the United States, said DSG CEO Paul Kennedy, speaking on behalf of the AD board of directors. "It will bring together the BEST in both organi-zations’ programs and services, and provide a valuable and effective hedge against consoli-dation.”
John Thompson, IMARK Electrical Board Chairman and CEO, First Electric Supply, said, “In addition to creating an even stronger future for Independent Electrical distributors, this merger will eliminate significant redundancies for our supplier partners cur-rently working with two separate groups, and will create exciting new opportunities for growth, efficiencies, and best practice sharing.”
INDUSTRIAL SUPPLY MAGAZINE
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