Resideo Technologies, Inc., a global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, announces it has acquired privately held Shoreview Distribution (‘Shoreview’), based in Foxboro, Massachusetts. Shoreview was founded in 1989 and is a distributor of professional audio, video, lighting, display and broadcast equipment. With warehouse locations on the east and west coasts, Shoreview serves customers across the United States and will be part of Resideo's ADI Global Distribution business. Providing immediate product "A key component of ADI's strategy is pursuing acquisitions to drive continued growth in adjacent markets and expand our base of customers and suppliers," said Jay Geldmacher, President and CEO of Resideo. "This acquisition represents another important step in that strategy by further solidifying ADI's position in the Pro AV market and marks the third acquisition for our distribution business since the beginning of 2020." The acquisition increases ADI's footprint with added warehouse operations Shoreview strengthens ADI's portfolio with key industry brands and builds upon its presence in the Pro AV market with an assortment of conferencing and collaboration systems, audio equipment, projection systems, video displays and digital signage. Additionally, the acquisition increases ADI's footprint with added warehouse operations to help provide immediate product availability to customers. High-performance distributor "Today's professional integrators demand a high-performance distributor that can provide them with top industry brands, and the support and services they need," said Rob Aarnes, President of ADI Global Distribution. "This acquisition expands our offering and fits into our strategy to make ADI the indispensable partner of choice for Pro AV. Shoreview complements our Herman Pro AV business, and with our scale and resources, robust product lines and industry experience and subcontracting services model, we can deliver even more value to a greater number of integrators." Terms of the transaction were not disclosed.
Resideo Technologies, Inc. announces it has acquired privately held Norfolk Wire & Electronics (‘Norfolk’), based in Richmond, Virginia. Norfolk was founded in 1985 and is a regional distributor of security, telecom, network and audio-video (AV) related products, supplies and tools. With 11 full-service retail locations and a 43,000 sq. ft. distribution centre, Norfolk serves customers across the mid-Atlantic region and will be part of Resideo's ADI Global Distribution business, a wholesale distributor of security, AV and low-voltage products. Attractive growth market The Norfolk acquisition builds upon ADI's presence in the Data Communications market "ADI is core to Resideo’s long-term growth, and this acquisition aligns with our strategy to identify and execute on tuck-in acquisitions that accelerate ADI's expansion in adjacent categories,” said Jay Geldmacher, President and CEO of Resideo. "The products and services of Norfolk Wire & Electronics complement ADI's existing offerings and expand our reach into an attractive growth market." The Norfolk acquisition builds upon ADI's presence in the Data Communications market with an assortment of copper and fibre cabling, connectors, racking products and more. Serving more customers Additionally, the acquisition increases ADI's branch presence in the mid-Atlantic region and strengthens its local bulk product availability and custom cutting services, pre-and-post technical support and project assistance. "The increased need for high speed connectivity, growth in IoT industrial devices and the introduction of new technologies are driving demand for Data Communications products," said Rob Aarnes, President of ADI Global Distribution. "ADI remains committed to ensuring our customers have immediate access to all the products and equipment they need to be successful in today's market. This acquisition expands our offering in a growing category and will allow us to serve more customers."
Resideo Technologies, Inc., announced it has acquired privately held Herman ProAV, based in Miramar, Florida. The newly acquired company is a provider and distributor of professional audio-visual (AV) products, procurement services and labour resources to systems integrators in the commercial audio-visual industry. Herman ProAV serves customers across the United States and will be part of Resideo’s ADI Global Distribution business, a wholesale distributor of security, AV and low-voltage products. “ADI is a cornerstone of Resideo’s growth and continues to expand its presence as the global leader in low voltage security and audio-visual distribution,” said Mike Nefkens, president and CEO of Resideo. “Herman’s product offering and compelling services model are perfectly aligned with ADI, and this acquisition will help us reach new customers across the pro-AV market. This is an important acquisition for our distribution business as part of our ongoing strategic initiative to identify and execute on investments that accelerate topline growth and expand margins.” Growing presence in AV market AVIXA, the Audiovisual and Integrated Experience Association, predicts the pro-AV market in the Americas will grow to more than $112 billion in 2024, from $89 billion in 2019. The Herman ProAV acquisition builds upon ADI’s product portfolio and expands its presence in the pro-AV market. In addition to top-tier professional AV products, the acquisition includes Herman Integration Services which provides AV systems integrators with trained and industry-certified technicians, project managers, programmers and engineers. We’re helping them to expand into new product categories and services" “ADI already has a strong and growing presence in the pro-AV market, and with the addition of Herman’s deep industry experience and subcontracting services, we will be able to offer our customers compelling opportunities to grow and make ADI their indispensable partner of choice,” said Rob Aarnes, president of Resideo’s ADI Global Distribution business. “We are always looking for ways to help our customers grow their businesses, and with this acquisition, we’re helping them to expand into new product categories and services, and capitalise on the fast-growing professional AV segment.” Leverage ADI’s resources “We are extremely excited about joining the ADI family. This is a momentous day in our proud 56-year history and represents the start of the next great chapter for our organisation. I am incredibly proud of all that we have achieved over the years for our employees, customers, suppliers and the industry overall, and we are extremely enthusiastic to leverage ADI’s resources and world-class capabilities to propel our offerings and deliver greater value to the pro-AV industry,” said Jeffrey Wolf, general manager, Herman ProAV now part of ADI Global Distribution. “We could not think of a better organisation than ADI to help us deliver next level value and service to the AV industry. Our focus has always been to bring tangible efficiencies and cost-saving opportunities to our integrator partners through our procurement and labour services. And with the significant resources and best-in-class infrastructure of ADI, there is no doubt that we will be able to deliver even more value to an exponentially greater number of integrators,” said David Wolf, general manager, Herman ProAV now part of ADI Global Distribution.
Global provider of critical comfort and security solutions primarily in the residential sector, Resideo Technologies, Inc. has announced that Bob Appleby will join its ADI Global Distribution business as vice president and general manager of ADI North America, effective immediately. ADI North America head In his new role, Appleby will oversee all of ADI North America’s business operations across the United States, Canada and Puerto Rico, and will help ADI deliver on financial commitments, modernise operations and continue to reinforce its commitment to customer service excellence. Appleby will be based in Melville, N.Y., and report directly to ADI Global Distribution President Rob Aarnes. Appleby will be based in Melville, and report directly to ADI Global Distribution President Rob Aarnes Prior to joining Resideo, Appleby served in the pharmaceuticals distribution industry as president of H.D. Smith, now part of AmerisourceBergen. As president, he managed a business with 600 employees, 5,000 customers and 10 distribution facilities. During the first year of integration with AmerisourceBergen, Appleby and his team achieved more than 90% customer retention and over-delivered on their financial targets. Security services expert Prior to H.D. Smith, he spent a decade at Cardinal Health in various roles, including vice president of business development for the company’s Pharmaceuticals Supply Chain Services division. Appleby holds an MBA from Drexel University and a Bachelor of Science in Business Administration from Ohio State University. “Bob is an accomplished leader in the distribution industry with a proven track record of exceeding financial results while delivering exceptional customer service,” said Rob Aarnes, president of ADI Global Distribution. “His deep expertise and understanding of the needs of the customer will help ADI drive growth and deliver on our commitment to serving the professional contractor channel.”