WAVE Electronics, the Houston, Texas-based, electronics distributor, has acquired Panorama City, Calif.-based, KOA Electronics Distribution, LLC, an AV, security and CCTV distributor.
This strategic acquisition marks a significant milestone in WAVE’s expansion across the U.S., enhancing its ability to serve a broader range of customers with an expanded portfolio of products and services.
Mark Fukuda, CEO of WAVE Electronics, expressed his enthusiasm for the acquisition, stating, “I’ve been very impressed with the KOA team over the years and the growth they have accomplished in such a short time. I’m very excited to have our teams partner together to expand our overall U.S. footprint to 16 locations. This expansion marks a significant chapter in our 21-year history and will definitely open up opportunities for both companies. The value creation for both WAVE Electronics and KOA is the synergistic combining of resilient cultures, exceptional leadership and high value long-term vendor partners.”
He continues, “Our goal remains to focus on the needs of our customers and continue our commitment to offer the best-in-class products and value services WAVE Electronics is known for.”
Bryan Stewart, chief sales officer of WAVE, adds, “KOA has had great success building market share, adding vendors that bring value to the dealer base, and most importantly creating a culture where everyone wants to win. WAVE Electronics is looking forward to assisting the KOA team with value adds that generate revenue while driving dealer retention and growth.”
Anton Tomassian, CEO of KOA Electronics Distribution, LLC, says, “WAVE has done an amazing job growing their business and developing their brands. I’m anxious for my team to tap into their vast resources and experience for the benefit of our dealers.”
Under the terms of the agreement, KOA will continue to operate as KOA and Tomassian will remain the CEO of KOA. KOA says its customers can expect the same great products and personalized services with many exciting new dealer focused products and programs on the horizon.
