By Anthony Capkun
September 13, 2016 – Ideal Supply Co. Ltd.—a southwestern Ontario wholesale distributor to the electrical, industrial and automotive industries—announced the sale of the company to Deschênes Group Inc., a family-owned, Canadian company based in Montreal.
“We were focused on finding a buyer whose culture was most aligned with our own,” said Tim MacDonald, Ideal Supply’s president and CEO, continuing, “An organization with a caring culture that valued people and put as much effort into professionalism and good management as we did.”
The name “Ideal Supply” will be retained, and its headquarters and distribution centre will remain in Listowel. The management team will also remain intact, as does the franchise affiliation with NAPA automotive parts and accessories.
The acquisition of Ideal Supply broadens Deschênes Group’s product and service offerings, says Ideal, enlarges the service area and strengthens its buying power.
Like Ideal Supply, Deschênes Group can be found among Canada’s Best Managed Companies (Platinum Club), and is also a member of Affiliated Distributors (AD) Canada (Plumbing & Heating Division). The new owners will maintain Ideal Supply’s affiliation in AD’s Electrical Division.
With the purchase of Ideal Supply, Deschênes will operate nine, independently managed companies across Canada.
PHOTO: Tim MacDonald (centre, standing) speaks with customers at Ideal Supply’s Spring 2016 tradeshow in Stratford. Photo A. Capkun.