Almo Pro AV is set to accelerate its growth following the announcement that One Equity Partners (OEP) has begun the process of acquiring its parent company, Nexora. The transaction is expected to be completed by March 2027. The investment is aimed at strengthening Nexora’s technology capabilities and expanding its presence across North America and Europe, while allowing Almo Pro AV to continue supporting its manufacturer partners and customers.
For AV and IT professionals, the move signals continued investment in digital tools, improved customer experiences, and stronger connections between manufacturers and buyers. Almo Pro AV is already working on a more powerful website and enhancements to its bid registration and freight tools. Nexora will retain its existing management team and continue its strategy of growing specialist distribution businesses across its markets.
Almo Pro AV, a leading value-added North American Pro AV distributor with nationwide reach, today announced that One Equity Partners (OEP) has begun the process to purchase its parent company Nexora and become its long-term investment partner. Based on the purchasing agreement, the transition to ownership is expected to be completed by March 2027.
For Almo Pro AV’s manufacturer partners and customers, the move supports the distributor’s continued advancements in the digital tools and services that expand market reach and allow business to be conducted more effectively. For Nexora, the agreement supports a larger investment in technology and growth across North America and Europe, with the opportunity to connect manufacturers and customers across all of its businesses.
“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 added, “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.”
According to the Nexora press release, Nexora currently generates more than $3B in annual revenue, holding relationships with more than 30,000 partners. It operates through local trading brands, including Almo, Azenn Connect, CapTech, COMM-TEC, Hammer and JAM, all of which have leadership positions in their respective markets.
Nexora will continue to be led by its existing management team, ensuring continuity of leadership and execution. The business will maintain its strategy to acquire and accelerate specialist local trading brands to deliver progressive technology which enriches lives.
Commenting on the announcement, Clive Fitzharris, Chief Executive Officer of Nexora, said: “Today marks an exciting next chapter for Nexora. As our business continues to deliver strong growth, One Equity Partners are a partner who share 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.
Jamie Koven, Partner, One Equity Partners, added: “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.”
- AVNation Staff
- AVNation Staff
- AVNation Staff
- AVNation Staff
