ADI's Emerging Acquisition Plan Examined
Already, America's biggest distributor, with nearly $3 billion in annual revenue, ADI has a plan to get even bigger.
Inside this note, we share feedback from ADI, their financial filings, and a recent new hire to examine ADI's acquisition plan.
ADI's *********** ****
******* (***'* ******) ********* *** ****** *** ** **** ******** ********* * "******** ** ******* *&* to ********** ********* ** ********** ******** categories" *** **** **** **** "**** a **** *** ** ********** ** integration ********."
**** *** **** ********** *** '* long ****' ** ******* *********:
***** *&* ** ********** *** ** ADI ** * ********* ** ***** strategy, **** **** * **** ********** execution-oriented, *******-******** ******* **** ***** ****** really **** ** *&*. *** ** Jay ****, ****'** ******** *** **** for * **** ****.
**** ******* **** "******* **** & ***********, * ** ******** *********** ** data ************* ******** **** ** ******** locations ** *** ***-********" *** "*********, a ** *********** ** ***** ********."
******* **** ***** ***** *** ********** small, **** **** $** ******* ** an ****** ***** ******** ** ***'* 2020 ******* ** ~$* ******* ***:
***** ***** ************ *** ****** *****, right? * ****, **'** *** *** deals **** **** – **** *** next **** ****** **'** ***** ** generate $** ******* ** *******. ** we've ********** ******* ** ********** ** terms ** *****.
***** *** ** '*******' ***, **** are ******* ** '***':
**'** ***** ** **** ****** ** run, **'** ***** ** **** **** that ** ***'* **** ****** **** with *** **** ***** ** ***-**** and **'** ******* *** ******** ** we ** *******.
*** ********* ** **** **** *** said ** ***** ********'* **** **** no **** *****, ******:
**'** ********** ***** ***** ** *** growth ************* *** *** *** *** customers *** **'** ********* *** ********* in ***** ****** **** ***********, *** by ******** *********** *************. *** **** is ** **** *** ********* ********** on ******* *******, *** **** *** reach *** *********. ** * ****** of *** ********* ******, ** ****** comment ** ********* ** *** ********* acquisition ********.
New ******** ** ******* *** ************ *** ***********
***** ************* ***,********** ** ******* **** *****:
***'* ********* ****** ******* '* **** rockstar':
*** *** ******* *** *** ****** on *** **** *** *** ********* of *** **** '***********' ********* ** will **** ** ************* ***** *** acquisitions ****** ** ***. ******* *** an *********** ****** **** ** ********** banking ** ********* *********** **********.
Security ************ ************?
***, ** *** ********, ** ***** strong ** ******** ************, **** ******* / ******** ****** *****, * ******* second, ** ******* *** ****** *********.
* ******* ** ****, **** ******* distributors ** ***** *** *** ******* two ******* ** **** *** *** and ***, *** **** ***** ** China ******* ***********. ** *** **** side *** *********** ** ****, ** actions *** ********** ********** *** **** business ******, *.*., *** *********, *** LinkedIn ** **** **** *** **** 2 *****:
****** *****, ***** *** * ****** of ***** ************ **** **** *** or * *** ********* **** ***** be ******* ** **** ** ***.
Expansion ** **** *** */*
**** ******, ** ***** * ***** already **** **** ****, *** ***** expand **** **** **** *** */*, areas **** **** **** *** ************* focused **.
Outside ** *********?
******* *** **, *** ** ****** and ** **** ** *********** ** see **** *** ****. *** *******, ADI ******** ****** *** ** *** opportunity ********* * **** ** ******, ** ADI *******/ *** ********** ********* *** that ****.
Resideo ***** *************
***** ******* ******** **** ************ *******, ** *** **** **** *** stock ** ************* ** *** ******* all-time *****:
Vote / ****
* ***** *** *** ********* *** quite **** **** **** ******* ***** representation. ** *** ******* ******, * cannot ****** *** **** ** *** last ******* ***** ****** ****.
********* *******, ** ******* ** ****’** too ******* ** **** *** *** fish *** *** *************. *** ***** up *** ******** ** ******* *** I ***** ****** ******** **** *** big ****.
**** * ***** ****.
*** **** *** *** * ****** company ** **** *** **** ****** to ***** ***** ***** ***** ** acquisitions. *** ** ***** * ****** big *********** ** ** ****.
** **** * "******** ********** ******" or *********** ********?
******,** *******'* ****** ******** ****, **** ********** ***** *********** **** emphasizing ******* *** **:
** *** ******** ******* ** ******* inorganic ************* ** ****** ***'* *********, particularly ** *** ******* *** ** markets.
******:*** *** ********* ***** **** ***** **************** **** & *****, ***** ***** * *********:
*** ********, ***** *** ~** ********* (though **** *** ********** ** ******* distribution ********* *** *** *** **** LinkedIn ********):
**** ********* * ***** ** ********** small ************ ************* ***** ******** ****** network.
***** *** **** ***** ** *** west. ** **** *** ******, ****’* really *****.****** **** & *****
******, *** *** *** ********* **** paid $** ******* *** *****:
** ******** **, ****, *** ******* acquired***% ** *** *********** ****** ** Arrow **** *** ***** ***. (“*****”), a ******* ******** *********** ** **** communications, ************ *** ******** ********, *** an ********* **** ******** ***** ** $*********.
*** ****** ** ********** *** */* acquisitions ** ***:
*** ********** *** ** ** * growing ******** *** ** ******** ** make *********** *********** ** ********** *** market ********. ***** ****, **'** ************** *** ************** ************** ****** *** ********. *** **** step ** *** ******** ** ** unify *** ** ******** ************ ******** under *** *** ****** ************ *****.
** **** ** ****, ** ********** Shoreview ************ *** ****** *** ** will ** ***** ********** *** **** become ******* ***. ** ******** *** AV ************ ******** ***** ***, ** will ******* * ******* ****** *** Pro ** *** **** ** ****** for ********* ** ******** ***'* ***** and *********.
******:*** *** ******** ********** ****** ************. *** ************ ********* ********:
*********** **** ** ****, ** *** now ** *** ***** ********** ** family **********, ******* *** ********* **** AV, **** ****** *******, ********, ***-** and ******* ********* ********* ***** *** video *****. ***** ** *** **** place ** *** ** ** ** business *** ** *** **** ** serve ***!
*** ******* ***** * ******** *********:
******** ***** ** ********* ****** ** expect *** ****** **** ** ******** larger **** **** ***** ******* *********** employees *** **** ****** ** **** LinkedIn *********:
***** ** *** **** **** *** disclosed *** ******, ** ****** ******* financial ***********, ** ** ******** **** they **** **. ** ** **** it, ** **** ****** ****.
*******'* ****** ******** **** ******** * disclosure ****:
**** ** *** ***** *********** *** has ********* ***** ****. ** *********, these ************ *** ******** ** ********** over $*** ******* ** ***** ** 2022.
$*** ******* ** **** **** **% of ***'* ****** ******* ** ***** there *** * ************ **** *** only ******** ********** ***** *******.
*'* ********* **** **** **** ****** an ******* ***** ***** **** *******\***** and *******.