SnapAV Builds Out Branch Network With HCA Distributing Buy
HCA locations in Denver and Salt Lake City will be stocked with all SnapAV brands and products to provide same day access for local partners.
HCA locations in Denver and Salt Lake City will be stocked with all SnapAV brands and products to provide same day access for local partners.
The combined firm will be 55% owned by Synnex shareholders and 45% owned by Apollo Global, which bought Tech Data for $5.4 billion in 2020.
All of WAVE’s current U.S. locations were included as part of the transaction and are continuing to operate in the normal course.
Following the similar sale of its Canadian utility business, the move was required to meet agreements as part of Wesco’s Anixter acquisition.
Net sales for the fourth quarter increased 97%, which the wholesale distributor attributes in large part to acquiring rival Anixter in 2020.
Each year, ADI recognizes key suppliers across North America for their support and contributions toward the growth and success of the company.
The deal partially fulfills Wesco’s pledge to divest its Canadian utility and datacom businesses in connection to its merger with Anixter.
The new Fort Worth branch occupies a 10,000-square foot space that is fully stocked with an assortment of products across all categories.
The deal sets up the company for future growth with new vendors, territory and customers, says Dow Electronics President and CEO John Yodzis.
Celebrating its 50th anniversary in 2019, RA-Lock Security continues on a growth trajectory as a top factory service center and distributor.
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