If you thought the mergers and acquisitions were restricted to the integration side of the pro AV industry, Herman ProAV and Resideo Technologies, Inc., have different ideas.
Resideo Technologies has acquired pro AV distributor Herman ProAV in a move that expands the company’s global pro AV footprint in the ADI Global Distribution division of the business.
Herman ProAV will be part of Resideo’s ADI Global Distribution team, which distributes security, AV and low-voltage products.
“ADI is a cornerstone of Resideo’s growth and continues to expand its presence as the global leader in low voltage security and audio-visual distribution,” said Mike Nefkens, president and CEO of Resideo, in the joint announcement.
“Herman’s product offerings and compelling services model are perfectly aligned with ADI, and this acquisition will help us reach new customers across the pro AV market. This is an important acquisition for our distribution business as part of our ongoing strategic initiative to identify and execute on investments that accelerate topline growth and expand margins,” he said.
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The Herman ProAV acquisition “builds upon ADI’s product portfolio and expands its presence in the pro AV market,” the joint announcement says.
“In addition to top-tier professional AV products, the acquisition includes Herman Integration Services, which provides AV systems integrators with trained and industry-certified technicians, project managers, programmers and engineers,” according to the announcement.
Why Resideo Acquired Herman ProAV
“ADI already has a strong and growing presence in the pro AV market, and with the addition of Herman’s deep industry experience and subcontracting services, we will be able to offer our customers compelling opportunities to grow and make ADI their indispensable partner of choice,” said Rob Aarnes, president of Resideo’s ADI Global Distribution business.
“We are always looking for ways to help our customers grow their businesses, and with this acquisition, we’re helping them to expand into new product categories and services, and capitalize on the fast-growing professional AV segment,” he said in the announcement.
“We are extremely excited about joining the ADI family,” said Herman ProAV general manager Jeffrey Wolf. “This is a momentous day in our proud 56-year history and represents the start of the next great chapter for our organization.
“I am incredibly proud of all that we have achieved over the years for our employees, customers, suppliers and the industry overall, and we are extremely enthusiastic to leverage ADI’s resources and world class capabilities to propel our offerings and deliver greater value to the pro-AV industry,” he said in the joint announcement.
“We could not think of a better organization than ADI to help us deliver next level value and service to the AV industry,” said Herman ProAV general manager David Wolf in the announcement. “Our focus has always been to bring tangible efficiencies and cost saving opportunities to our integrator partners through our procurement and labor services.
“With the significant resources and best-in-class infrastructure of ADI, there is no doubt that we will be able to deliver even more value to an exponentially greater number of integrators,” he said.