WAVE Electronics to Open New U.S. Branch Locations
WAVE is a distributor of A/V, security and home automation products to the residential and commercial custom installation markets.
HOUSTON — Tech distributor WAVE Electronics, based here, announces it is expanding into eight additional branch locations around the United States.
WAVE is a distributor of A/V, security and home automation products to the residential and commercial custom installation markets. In 2018, the company was acquired by Kingswood Capital and merged into AVAD, which itself was acquired by Kingswood in 2016.
WAVE’s expansion will result through the conversion of branches formerly branded under the AVAD banner, according to the announcement. The additional branch locations will be located in Atlanta, Baltimore, Chicago, Denver, Los Angeles, Nashville, New York and San Jose.
“We have spent the last year successfully completing the integration of our teams, IT systems, back-of- ouse operations, and product portfolios,” states WAVE CEO Mark Fukuda. “WAVE’s expansion into eight of AVAD’s legacy markets represents the last major step in the merger of our two companies.”
Fukuda continues, “As part of this final step we will be integrating WAVE’s award-winning dealer services, programming services, marketing services, and dealer rebate programs across all our branches in the United States. The completion of the integration will enable us to provide our full assortment of products and differentiated value-add services consistently across our entire dealer network.”
WAVE Vice President of Sales Bryan Stewart states the company’s primary focus will be to continue maximizing value for its dealers by offering a wide selection of brands, coupled with offerings such as free design services. “This expansion illustrates our deep commitment to serving our dealers in every way we can,” he says.
In conjunction with WAVE’s expansion, six legacy AVAD branded locations will be exited in Boston, Charlotte, Minneapolis, San Diego, Seattle and Washington D.C.
“Unfortunately, some of the legacy AVAD branches that we inherited do not have the right size footprint to offer the level of just-in-time local inventory and services that we believe are necessary to serve our dealers the right way,” Fukuda comments. “As a result, we will exit those sub-scale locations and reinvest the related capital in the rest of our branches, and to support our rapidly growing verticals.”
The company’s two Canadian branches will continue to operate under the AVAD banner.
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