DOW Electronics, a consumer electronics distributor in the southern U.S., announced today that it has reached an agreement with BDC Distributors to acquire certain assets of the Westbury, NY based distributor.
According to a press release, the two parties are working toward closing the transaction on Thursday, October 24, 2019. DOW will open for business Monday the 28th in BDC’s former location.
Upon closing, this acquisition will bring new customers, as well as increase territory agreements with current DOW vendors to cover the Metro New York area. DOW currently has coverage in 11 southern U.S. states as well as Puerto Rico. The acquisition sets up DOW for future growth with new vendors, territory and customers.
DOW is actively working on plans to organically grow their territory through the Mid-Atlantic market to connect its existing territory in the south to the newly acquired New York Metro territory. DOW has confirmed agreements with key vendors to begin this growth concurrently with the closing of the BDC acquisition.
“This acquisition brings DOW into an exciting new chapter of our 60 year history,” states president & CEO John Yodzis. “Opening up a new territory with the support of our trusted key vendor partners continues our drive to grow the custom integration channel. We’re very excited about the opportunities this acquisition presents currently and in the future.”
“We are thankful to have found a partner like DOW that shares our mission of helping small businesses thrive in today’s complex digital economy,” adds Barry Balcourt, CEO of BDC Distributors. “We believe our customers will be in good hands, as DOW is a customer-centric, family-run business similar to ours.”
“We are excited to welcome BDC’s customers to the DOW Electronics family,” says executive chairman Chip Yodzis. “DOW is ready to provide them with the level of service, commitment, and dedication that has become the foundation of our business.”