Electrical Business

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Merger proceeds between AD and Imark Electrical

July 9, 2024 | By Anthony Capkun

July 9, 2024 – At a special meeting, Imark Electrical shareholders voted overwhelmingly in favour of the proposal to merge with AD (Affiliated Distributors).

AD and IMARK Electrical jointly announced their intent to merge last month.

“Industry response to the merger announcement has been universally positive within the AD and Imark Electrical distributor communities, and within the electrical supplier community,” said Bob Smith, president and CEO, Imark Electrical.

“This is absolutely seen as ‘the right move at the right time’, and the vote reflected that,” Smith added.

This merger within the U.S. electrical industry brings together two member-owned groups consisting of 725 independently owned electrical distributors.

It is centred on the electrical channel in the United States. It does not include Imark Canada, Imark Plumbing, or Imark Group, each of which are separate legal entities from Imark Electrical.

The new entity will be a division within AD called The Independent Electrical Supply Division, U.S. (IESD) and will be part of the overall AD community of 1410 independents spanning nine construction and industrial verticals and 14 divisions within the U.S., Canada, and Mexico.

The transaction is currently scheduled to close later this year, subject to customary closing conditions.

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