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 center, 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 fiber 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."
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