Resideo Acquires Shoreview Distribution to Build ADI’s Pro A/V Presence
The Shoreview acquisition is said to further enhance the growing professional A/V product category within ADI Global 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," says Jay Geldmacher, president and CEO of Resideo.
AUSTIN, Texas — Resideo Technologies (NYSE: REZI) announces the acquisition of privately held Shoreview Distribution for undisclosed terms.
Based in Foxboro, Mass., Shoreview was founded in 1989 and is a leading distributor of professional audio, video, lighting, display and broadcast equipment. With warehouse locations in Massachusetts and California, Shoreview serves customers across the United States and will be part of Resideo’s ADI Global Distribution business.
“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,” says Jay Geldmacher, president and CEO of Resideo. “This acquisition represents another important step in that strategy by further solidifying ADI’s position in the pro A/V market and marks the third acquisition for our distribution business since the beginning of 2020.”
Shoreview strengthens ADI’s portfolio with key industry brands and builds upon its presence in the pro A/V market with an assortment of conferencing and collaboration systems, audio equipment, projection systems, video displays and digital signage, according to the announcement.
Additionally, the acquisition increases ADI’s footprint with added warehouse operations to help provide immediate product availability to customers.
“Today’s professional integrators demand a high-performance distributor that can provide them with top industry brands, and the support and services they need,” says 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 A/V.”
Aarnes continues, “Shoreview complements our Herman pro A/V 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.”
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