According to Snap One, the Staub acquisition reflects its continued execution of its accretive acquisition strategy to further establish the company as a seasoned acquirer of strategic assets.
Snap One CEO John Heyman points out the acquisition brings together two companies that have worked together for over 10 years and share a core commitment to helping professional integrators by providing high levels of service and a comprehensive product portfolio.
“This acquisition will strengthen our capabilities across Canada, introducing a wider range of products, providing faster turnaround times on orders, allowing for same-day order pick-ups, and delivering more product choice than ever before for our Canadian Partners,” states Heyman.
“By making Staub part of Snap One, we can bring the Snap One local branch experience to Canada. With this transaction now complete, we are excited to continue pursuing our disciplined M&A strategy as part of our broader growth initiatives.”
Snap One, Staub Electronics Operations Remain Business as Usual
Staub president Scott Trotter, vice president Bryan Sack, and Staub’s entire management team will continue to run the business, while founder Dave Mason will retire. Staub will continue to support all of its current lines of business, including its automotive division.
“We’re excited to officially become part of the Snap One family. For years, our two companies have worked together to meet the needs of professional integrators in Canada, and now we plan to raise our customer experience to a whole new level,” comments Trotter.
The acquisition brings Snap One’s local branch footprint to a total of 33 locations, which expands its network of physical locations to support partners in more regions to procure on-demand products, training and in-person customer service. The Snap One omni-channel strategy of complementing its e-commerce capabilities with local branches began in 2018 with the acquisition of Allnet Distributing. The company emphasizes that it has invested heavily to expand its local branch footprint over the past three years. Snap One says that its local branches provide integrators with a wide range of fulfillment options, including 24-hour will-call rooms, job-site delivery, and self-shopping experiences.
Founded in 1981, Staub is one of Canada’s top electronics distributors. Staub Electronics is focused on residential and commercial AV integrators, as well as automotive electronics installers.