National Oak Distributors (NOD), the US premier automotive paint, body and equipment (PBE) wholesale distributor, and Integrated Supply Network (ISN), a leading automotive tool and equipment wholesale distributor have announced that they have completed a merger of the two businesses.
This merger will combine a leader in the automotive paint, body and equipment (PBE) segment, NOD, with a leader in the automotive tool and equipment segment, ISN, increasing value for their customers and suppliers with greater product choice, expanded geographic reach, broader distribution capabilities and access to additional value-added services and solutions.
The newly combined company will capitalise on its combined strengths to provide its customers and supplier partners with numerous advantages including:
• Enhanced Capabilities: Access to a broader range of resources, expertise, technologies, and distribution capabilities, including improved customer service and delivery times.
• Expanded Opportunities: Exposure to new products, geographies and sales channels.
• Shared Culture of Excellence: Both National Oak Distributors and Integrated Supply Network share a commitment to customer success and ease of doing business and have earned the respect and trust of their customers and supplier partners, ensuring a smooth integration and a solid foundation for our future success.
NOD Founder and CEO, Geoffrey Peckham, majority owner of the combined entity, who will serve as the Chief Executive Officer and Chairman of the Board of the merged company noted, “The combined strengths of National Oak Distributors and Integrated Supply Network will create a powerhouse in the automotive aftermarket distribution industry. This combination will enable us to leverage industry-leading teams, talent and expertise, expand our portfolio of innovative products and supply chain solutions, enhance our geographic reach, and grow the markets that we serve with the industry leading capabilities that National Oak Distributors and Integrated Supply Network have established in each of our 25+ years in business.”
In the coming months, the companies will work closely together to seamlessly integrate their operations and teams. ISN is a portfolio company of Freeman Spogli, a leading strategic growth investor in the consumer and distribution sectors. ISN Shareholders, including Freeman Spogli, will have a significant minority investment in the merged company
In the UK, Independent Supply Network is represented by ISN Europe, which trades as ISN Garage Assist, Tyre Bay Direct and ToolTruck.
Source: Tyretradenews
