Resideo acquires Shoreview Distribution
Terms of the transaction were not disclosed
May 11, 2021 By SP&T Staff
Resideo Technologies, Inc. announced it has acquired privately held Shoreview Distribution.
“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 in a prepared statement. “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 will help to increase ADI’s footprint with added warehouse operations to help provide product availability to customers, according to a company statement.
“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.
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