AD, IMARK Electrical Finalize Merger
A historic moment was reached in the independent electric channel with the completion of the merger between AD and IMARK Electrical.
This merger, the largest in AD’s history, will operate as the newly created AD Independent Electrical Supply Division (IESD) representing over 700 independently owned electrical distributors with annual sales of over $43 billion.
AD’s 900-plus independent owner/members span 14 divisions in the U.S., Mexico and Canada with annual sales (pre-merger) exceeding $75 billion of electrical, industrial, safety, bearings and power transmission, plumbing, PVF, HVAC, decorative brands and building materials products.
“The strategic importance of coming together as one combined entity will forever shape the future of the Independent Electrical channel,” said Paul Kennedy, CEO of DSG. “IESD is now one group, supported by one talented team of individuals committed to accelerating the growth of one independent electrical channel.”
IESD will be part of AD’s Electrical & Industrial Business Unit, led by Marisol Fernandez, who has been deeply involved in the strategic process with both organizations.
The IESD Board of Directors is comprised of 14 industry leaders to provide critical guidance on strategic matters that impact the division. The board will provide the necessary and strategic direction as AD reimagines the possibilities and IESD seeks to accelerate growth that outpaces industry performance.
Bob Smith, former president and CEO of IMARK Electrical, also will join AD as a senior advisor to AD’s executive team as they work through the integration process and bring together two strong organizations.
John Hanna, president of Revere Electric and George Vorwick, president and CEO, United Electric Supply will serve as co-chairs for the new board and help guide staff on integration and governance matters at the divisional level.
AD will welcome 16 associates of the IMARK Electrical team to the AD family. Karen Baker, president of the Independent Electrical Supply Division, will lead a team of associates dedicated to the growth and expansion of the channel.
Joining Baker from IMARK will be Jerry Knight, as vice president supplier relations. Member Engagement Vice President Tim Babcock will lead a team comprised of Shaker Brock and Melissa Sealy, directors of member engagement, focused on supporting members. In addition, Kelly Koch, senior director marketing will join the division and focus on electrical programs.
Several other key former IMARK associates will also be added to Baker’s team in addition to others throughout Finance and IT.
The merger between AD and IMARK Electrical was originally announced earlier this year. A special committee was formed from the respective boards to provide direction for the transaction.
“I want to express my deepest gratitude to the AD LLC Board and the IMARK Electrical Board of Directors for their vision and dedication to finding mutually beneficial solutions, and especially to each of the members of the Special Committee who worked closely over so many months to bring together both organizations,” said Bill Weisberg, AD’s chairperson and CEO.
He recognized John Thompson, CEO of First Electric Supply and IMARK board chairperson; Scott Teerlinck, president and CEO of Crescent Electric Supply; Paul Kennedy, CEO of DSG; Don Slominski, executive chairperson of McNaughton-McKay Electric Company; and David White, former chairperson and CEO of Border States for investing countless hours and unwavering commitment.
“IMARK Electrical was instrumental in creating IMARK Group; and the best practice sharing that we experienced there was positive,” Thompson said. “However, the benefits, for us, from merging with AD are enormous. With AD we have best practice implementation plus increased purchasing volume in our core industry, additional growth opportunities for our members who operate in other industries, member ownership, effective governance, and the economies of scale that come from being a single group in multiple industries and countries to operate efficiently, develop and staff innovative programs, and make the investments needed to keep our members competitive long into the future.”
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