Exertis parent creates new North America business unit

The distribution giant first kicked off operations in the region in 2018

Exertis parent company DCC Technology has announced it is creating a new business unit in North America to manage the operations of its recent acquisitions, Jam Industries and Stampede.

Exertis North America will be headed up by Jam Industries president and CEO, Marty Szpiro.

Stampede, which rebranded to Exertis in 2020, will operate under the Exertis Pro AV banner led by John Dunne, its president and managing director.

Meanwhile, Stuart Frenkel, Jam Industries' current CFO, will become the new president of the renamed Exertis/Jam.

"DCC Technology has established leadership positions in selected value-added distribution specialisms in North America," said DCC Technology MD, Tim Griffin.

"The rebranding of Jam Industries to Exertis/Jam is a natural next step as we continue our focus on our people, our vendors and our customers. We have a great team in place and the journey has just begun."

The Irish distributor entered the North American market in 2018 with its buy of New York-based Stampede, a Pro AV distributor.

The same year, it acquired the Canadian Pro Audio, MI and CE distributor, Jam Industries.

Exertis added that both businesses have since grown organically and by acquisition including the buys of JB&A in San Francisco and The Music People of Hartford, CT within the last year.

Commenting on his new role, Szpiro added: "The acquisition of Jam Industries was a great success - with DCC Technology/Exertis clearly adding tremendous resources to our growth mission.

"I see my new role as a great opportunity to unite a tremendous family of distribution companies into a single, powerful market force that delivers value and growth for all stakeholders."

The global distributor recorded a double-digit annual revenue in its year to 31 March 2021.

Revenues climbed 14.6 per cent to £4.483bn while operating profit rose 11 per cent to £72.4m.