In a joint statement, the Boards of IMARK Group, Inc., Omni Corporate Services Ltd., Inc., and Equity Plumbing, LLC announced a merger of the three organizations into one group, thus becoming the only multi-vertical member-owned and member-controlled marketing group servicing the electrical and plumbing industries.
Effective January 1, 2019, IMARK Group will be the new organizations’ name. IMARK will operate the respective verticals: IMARK Electrical and IMARK Plumbing.
Omni Corporate Services Ltd., Inc., a leading member-owned group of plumbing and HVAC wholesalers across the United States, and Equity Plumbing, LLC, formerly privately-held and the largest United States plumbing group in terms of membership, will be combining to form the new groups’ plumbing vertical, IMARK Plumbing.
IMARK Electrical is the largest marketing group in the U.S. electrical industry and operates a growing organization in Canada. IMARK is a member-owned, member-governed group featuring full transparency to all member/owners.
IMARK Electrical is also a member-owner of IMELCO, an international group of electrical wholesale cooperatives across Europe, Russia, Australia, Canada, and the United States.
“We are excited about this new organization and the opportunities before us,” stated John Aykroyd, current President of Omni Corporate Services Ltd., Inc. and the new President of IMARK Plumbing. “The synergies in our two industries and the convergence of many professional installers in the trades, combined with our collective ability to service them, will be second to none!”
Matt Roos, founder of Equity Plumbing, LLC and now Executive Vice President of IMARK Plumbing and IMARK Electrical added, “Our experience with the merger of Equity/EDN into IMARK nine years ago enhanced our market presence and proved extremely beneficial to all our members and suppliers. With consolidation continuing in all market segments, we are confident that this merger will provide cost effective services and enhanced financial returns for all our members.”
Bob Smith, President & CEO of the expanded IMARK Group stated, “Our Member-Owned, Member-Governed model offers our member/owners the clearest and most transparent array of group benefits and opportunities. We grew the electrical vertical based on this value proposition to the market leadership position in the U.S. and most recently internationally through our membership in IMELCO (also member-owned). Joining with Omni Corporate Services Ltd., Inc. and Equity Plumbing, LLC our cohesive philosophies and management strength will serve us well as we continue to grow in a rapidly changing world.”Tagged with IMARK, merger