AD – Merger Resolution Approved by IMARK Electrical Shareholders
Wayne, PA – IMARK Electrical announced that at its special meeting of shareholders held earlier today, shareholders voted overwhelmingly in favor of the proposal to merge with AD.
The transaction is currently scheduled to close later this year, subject to the satisfaction of customary closing conditions.
AD and IMARK Electrical jointly announced their intent to merge in early June.
The merger signifies the strengthening of the Independent Electrical Channel and both IMARK Electrical and AD are excited about the anticipated benefits the merger will bring to Independents and the supplier community.
Bob Smith, CEO and President IMARK Electrical, added, “Industry response to the merger announcement has been universally positive within the AD and IMARK Electrical distributor communities and within the electrical supplier community. This is absolutely seen as ‘the right move at the right time’ and the vote reflected that. We’re excited about building the future AD Independent Electrical Supply Division and appreciate our mutual Boards’ strategic input and guidance throughout this process.”
Commenting on the hugely favorable vote, John Thompson, CEO First Electric Supply and Chairman of the IMARK Electrical Board, shared, “In talking to fellow IMARK Electrical members, we feel strongly that this merger will combine the best of both organizations and deliver positive results that will strengthen both AD and IMARK Electrical members and suppliers for years to come. We’re looking forward to closing the merger later this year and to officially joining the AD community.”
Overview of the Merger
This 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 new entity will be a division within AD called The Independent Electrical Supply Division, U.S. (IESD) and will be part of the overall AD community of 1,410 independents spanning nine construction and industrial verticals and fourteen divisions within the U.S., Canada, and Mexico.
EMR Analysis
More information on AD – Affiliated Distributor: See the full profile on EMR Executive Services
More information on Bill Weisberg (Chairman and Chief Executive Officer, AD): See the full profile on EMR Executive Services
More information on Drew Moyer (Chief Financial Officer, AD): See the full profile on EMR Executive Services
More information on Marisol Fernandez (President, Electrical and Industrial Business Unit, AD): See the full profile on EMR Executive Services
More information on IMARK Group: https://imarkgroup.com + IMARK Group is a dynamic, member-owned, and member-governed group of independent distributors that generate annual sales volume exceeding $28 Billion.
Our organization spans the Electrical, Utility, HVAC/R, Plumbing, Irrigation, Waterworks, and PVF industries and also features the Luxury Products Group which serves the needs of independent decorative plumbing and lighting showrooms.
IMARK Group is dedicated to supporting and advancing the cause of family-run and independently operated distributors around the world. These companies are the backbone of the industries we serve.
MARK Group was formed to increase the strength of independent cooperatives and groups by working together towards the common goal of enhancing the profitability of our member-owners and enhancing the capabilities and knowledge of their employees.
- US$ 28bn Revenue
- 2.3K Independent Members
More information on IMARK Electrical: https://imarkgroup.com/imark-electrical/ + IMARK Electrical is the electrical industry’s largest member-owned, member-governed marketing group. In 2022, our 650+ member distributor companies generated more than $16 billion in sales from more than 3,000 locations throughout the United States and Canada.
The mission of IMARK Electrical is to generate the highest possible financial returns to the member distributors while delivering above-market performance in volume and market share to an industry-leading group of manufacturers. We strive for a WIN-WIN in everything we do.
Key to IMARK Electrical’s success is its relationship with nearly 100 of the industry’s leading manufacturers. IMARK Electrical programs and resources spur close and effective relations between member distributors and our preferred suppliers resulting in increased profitability. expanded market share, and stronger business relationships.
More information on John Thompson (Chief Executive Officer, First Electric Supply + Board Chairman, IMARK Electrical, IMARK Group): https://imarkelectricalnow.imarkgroup.com/Editions/Spring-2022/Chairman-s-Perspective + https://www.linkedin.com/in/john-thompson-0026344b/
More information on Robert (Bob) P. Smith (President and Chief Executive Officer, IMARK Electrical, IMARK Group): https://imarkgroup.com/imark-electrical/ + https://www.linkedin.com/in/bob-smith-34009213/