Exertis to acquire American Pro AV giant Almo Corporation

posted on Thursday, 16th December 2021 by Steve May

Trade  Pro AV 

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Leading technology distributor DCC Technology, which trades as Exertis, has announced its acquisition of Almo Corporation in North America. The acquisition is the biggest yet in the history of the company. After the completion, the combined business will be rebranded as Exertis Almo Pro AV.

The move extends its international scale in the Pro AV sector and ramps up its expansion in the North American market. The addition of Almo Corp follows other acquisitions in North America, including Stampede, Jam Industries, The Music People and JB&A. It expands Exertis’ Pro AV capability to form the largest specialist Pro AV business in North America.

Alongside its Pro AV business, Almo distributes mainstream appliances, including full kitchen packages with essential appliances to small and medium-sized retailers throughout the US. In addition, it serves d premium appliances to builders designing luxury residential installations for refrigeration, ventilation and cooking. Almo’s thriving business in consumer appliances and lifestyle products will add scale to Exertis North America’s business in the consumer channel, reports the company.

Almo’s 75-year-old, third-generation, family-owned business brings 660 employees, nine distribution centres and more than 2.5 million square feet of warehousing space across North America. In return, Almo benefits from Exertis’ financial resources and supply-chain logistics.

Almo will continue to be operated by the Chaiken Family, with Warren Chaiken as President and CEO and Gene Chaiken as Chairman. The combined Exertis and Almo Pro AV divisions will in due course be led by Sam Taylor, current Executive Vice President & COO of Almo Pro AV.

John Dunne, a long-time senior executive with Exertis, currently leading the Exertis Pro AV team in North America, will join the Almo executive team and help lead the integration. The Premium Appliances and Mainstream Appliances divisions will continue to be led by Steve Terry and Jack Halperin respectively, both industry veterans in those markets.

Tim Griffin, DCC Technology & Exertis Managing Director said: “By integrating Almo with our North American Business, we will form the largest specialist Pro AV business in North America. Almo’s 75-year history of growth and success, combined with its longstanding relationships with industry partners and its ability to continually innovate and expand will be great assets to Exertis. In turn, we will bring significant economies of scale, global supply chain access and other benefits to the customers of Almo Corporation.”

Warren Chaiken, Almo Corporation President & CEO said: “Having just completed a year-long celebration of 75 years of growth and business success, the time is right to give our manufacturer and channel partners a truly global distribution stage so they can operate their businesses at a greater capacity, leverage more buying power and the ability to compete for a more comprehensive position in the global supply chain. We are committed to growing with our partners by remaining their value-added distributor with larger scale and access to more products, more services and more financial support. For them, this transition will be seamless in that we will operate business as usual.”

Steve May

Inside CI Editor Steve May is a freelance technology specialist who also writes for T3TechRadarHome Cinema Choice, Trusted Reviews and The Luxe Review.

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