ADI Global Distribution’s business is expanding. ADI parent company Resideo Technologies Inc. has acquired Norfolk Wire & Electronics, based in Richmond, Va.
Norfolk, founded in 1985, is a regional distributor of security, telecom, network and audio-video (AV) related products, supplies and tools. Its 11 full-service retail locations and 43,000-square-foot distribution center will become part of ADI.
“ADI is core to Resideo’s long-term growth, and this acquisition aligns with our strategy to identify and execute on tuck-in acquisitions that accelerate ADI’s expansion in adjacent categories,” says Jay Geldmacher, president and CEO of Resideo. “The products and services of Norfolk Wire & Electronics complement ADI’s existing offerings and expand our reach into an attractive growth market.”
Bob Appleby, ADI vice president and general manager, North America, echoes those sentiments. “At ADI, we are committed to providing our customers with immediate access to all the products and equipment you need to be successful in today’s market,” he says. “This acquisition builds upon our product portfolio to expand our presence in the data communications space.”
The Norfolk acquisition also increases ADI’s branch presence in the mid-Atlantic region and strengthens its local bulk product availability and custom cutting services, pre-and-post technical support and project assistance.
Terms of the transaction weren’t disclosed.
