ACE Canada, a division of Peavey Industries LP has announced the establishment of a formal business arrangement with, Sexton Group Ltd. At the core of the two companies’ new Strategic Alliance is a joint supply agreement between two proudly Canadian companies, each with their own distinct offerings and expertise. This agreement provides the opportunity for all ACE dealers and Sexton Group members to benefit from expanded and improved product selection, distribution and other services.
The joint supply agreement has been signed, with the collaborative terms taking effect January 1, 2021 for all Canadian regions, aside from Quebec. The target date for Quebec dealer activation within the agreement is between the 2nd and 3rd quarter of 2021.
Doug Anderson, president and CEO of Peavey Industries LP said, “We are in constant growth mode. When we purchased the ACE Canada license from ACE International in March of this year, and at the same time acquired existing dealer agreements from Rona, we knew a long-term plan was needed for LBM support and supply to our dealers going forward. While both Peavey Industries and Sexton Group are strongly rooted in the communities we serve, and uphold many of the same values, it is in the understanding of our differences where the agreement’s true strength lies. The new Strategic Alliance reinforces both of our companies’ growth objectives while providing us with the opportunity to bring our strengths together as parallel supports for our LBM dealers. Current Sexton Group members will also have a guided opportunity to become ACE dealers if they wish, and we welcome that too!”
Eric Palmer, Vice President and General Manager of Sexton Group Ltd said, “I’m very excited for the independent dealers across Canada to take advantage of our Strategic Alliance. The opportunity for interested building supply dealers to enjoy the strength of the Sexton Group coupled with the ACE Canada banner program will provide a unique competitive advantage in their local marketplaces”.
ACE Canada and Sexton Group Ltd value our dealer members and our service commitment to you is sustained by the establishment of this joint supply agreement and Strategic Alliance. Thank you all for your patience, support and loyalty, we would not be here without you.
Meanwhile, Peavey Industries has commenced the process of converting TSC stores in Ontario to the Peavey Mart banner. Three sites got the new signs in early November, all in TSC’s home town of London. Peavey Industries completed its acquisition of the TSC chain at the end of 2017, adding 50-plus stores to its existing network of 36 Peavey Marts in Western Canada. The company plans to get three-quarters of the TSC locations converted by the end of the year, with the remaining sites, mainly in areas of Northern Ontario, being switched early in 2021.
Source: Peavey Industries LP