Almo Pro AV’s parent company, Nexora, has entered into an agreement to be acquired by One Equity Partners (OEP), with the transaction expected to close by March 2027.
The deal is expected to support additional investment in technology, digital tools, and services across Nexora’s North American and European operations. For Almo Pro AV, the investment will focus on improving customer and manufacturer experiences while expanding its digital capabilities.
“This partnership doesn’t change our direction. It accelerates where we’re already headed,” said Dan Smith, Executive Vice President, Almo Pro AV. “Our vendor partners and customers can continue to count on the connections they have today, combined with the specialized support that sets Almo Pro AV apart. With OEP’s investment and experience growing technology and distribution businesses, we now have a much larger platform to build on our strengths and create even greater value for our partners.”
Smith said Almo Pro AV is developing a new website and improving its bid registration and freight tools to give customers faster access to information and allow sales teams to spend more time building relationships. The company also plans to expand digital capabilities to help manufacturers connect with more customers.
“We’re launching a more powerful website and improving bid registration and freight tools to give customers faster access to information and free up our sales teams to focus on relationships. For manufacturers, our expanded digital capabilities will help connect their products with more customers. We’re committed to continually improving the experience for everyone who works with Almo Pro AV.”
Nexora generates more than $3 billion in annual revenue and works with more than 30,000 partners. Its portfolio includes Almo, Azenn Connect, CapTech, COMM-TEC, Hammer and JAM, which operate in markets across North America and Europe.
Nexora will retain its existing management team and continue its strategy of acquiring and growing specialist local trading brands.
“Today marks an exciting next chapter for Nexora. As our business continues to deliver strong growth, One Equity Partners is a partner who shares our vision and ambition to accelerate the next phase of our strategy and growth.
“The partnership reflects the strength of the specialist business our people and partners have built together over decades. The things that make Nexora successful today will remain and indeed accelerate with this partnership,” said Clive Fitzharris, CEO of Nexora.
Jamie Koven, partner at One Equity Partners, said the investment will build on Nexora’s expansion over the past decade.
“Over the past decade, Nexora has executed significant transformation projects and acquisitions to create the leading Pro AV and Audio distributor. With our support, we are convinced Nexora can expand its position in both North America and Europe.”
See also: Audio-Technica D50 Wireless System Now Available Through Almo Pro AV
