Content
Exertis buys Almo Corp. in large AV acquisition
December 20, 2021
DCC Technology, which trades as Exertis and serves as a technology distribution and services businesses, has acquired Almo Corporation in North America. The acquisition is the biggest in the history of parent company DCC plc, according to a company press release.
The addition of Almo Corporation builds on other acquisitions in North America such as Stampede, Jam Industries, The Music People and JB&A.
Alongside its Pro AV business, Almo Corporation distributes mainstream appliances, delivering full kitchen packages with appliances to small and medium-sized retailers throughout the U.S. The company also distributes premium appliances, serving retailers and builders designing residential installations for refrigeration, ventilation and cooking in both indoor and outdoor settings.
Almo's business brings 660 employees, nine distribution centers and more than 2.5 million square feet of warehousing space across North America, according to the release.
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 be led by Sam Taylor, current EVP and COO of Almo Pro AV. The combined business will be rebranded as Exertis Almo Pro AV.
"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," Warren Chaiken, Almo Corporation president and CEO, said in the release. "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."
John Dunne, a senior executive with Exertis, currently leading the Exertis Pro AV team in North America, will join the Almo 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.
"The acquisition of Almo Corporation is the largest in DCC's history and signals our confident and ambitious intent to expand DCC Technology," Tim Griffin, DCC Technology & Exertis managing director, said in the release. "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."
Included In This Story
Almo Pro AV
Almo Pro AV is the largest value-added North American Professional AV distributor, offering its reseller partners the most expansive range of products, managed services, technical support, and training to drive business growth and generate profits.
