Canadian Electrical Wholesaler

Premise LED

 

September 13, 2017

Premise LED Inc. (formerly CORE Products Canada Ltd.) has acquired the assets of Infinite Electrical Sales Inc. (Infinite). Executed namely for the acquisition of the Infinite’s sales team, the strategy will bring over 50 years of sales, lighting design, and energy savings analysis experience to help enhance the level of product knowledge and support for Premise LED’s distributor network.

Headquartered in Kitchener, Ontario, Infinite is known for its excellence in service since 1991. Being the brainchild of the legendary Don Snider, it is an agency that grew because they committed to their clients and showed that customers were more important than the immediate bottom line.

“Infinite has been our agent since 2013—they’ve played an integral role in our success. Their style of doing what it takes to build lasting, positive relationships has really resonated with us because that’s the core on which we’ve built our business,” explained Nick Wagner, President of Premise LED. “During our annual contract-renewal meetings, it became apparent that we needed to evolve our relationship. Agencies are often victims of their own success and manufacturers end up suffering from their own short-sightedness. We wanted to keep our team together, and this seemed like the most logical way to do it.”

“From our side, Premise LED has always impressed us with their unique approach to business,” added Greg Stopay, President of Infinite. “When they came to us with this idea, we thought it was pretty unorthodox. However, when you look at the changes happening in our industry and the need for increased support at the branch level, it makes perfect sense.”

The acquisition of Infinite aligns with Premise LED’s plans for growth and increased focus on sales support across Canada. The Infinite team will officially join Premise LED Inc. on October 1st, 2017.

For more information, please visit http://premiseled.com

Wholesale SalesWholesale sales rose 0.6% to $64.1 billion in June, partly offsetting the 1.9% decline in May. Sales were up in four of seven subsectors, representing 54% of total wholesale sales.

In dollar terms, two subsectors — miscellaneous, and machinery, equipment and supplies — contributed the most to the increase in June, while the motor vehicle and motor vehicle parts and accessories subsector posted the largest decline.

 

 

 

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Investment In Building ConstructionTotal investment in building construction decreased 0.9% in June to $15.1 billion, the first decline in eight months. A slight increase in non-residential investment (+1.0% to $4.8 billion) was offset by a decrease in the residential sector (-1.8% to $10.3 billion). On a constant dollar basis (2012=100), investment in building construction decreased 1.1% to $12.7 billion. Despite the monthly decrease, total investment grew 1.6% year over year in the second quarter.

 

 

 

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Lori BagazzoliBy Blake Marchand

Lori Bagazzoli, Regional Sales Manager for Viscor, is a 20-year industry veteran that has built an interesting career from the bottom up. Beginning as a 19-year old just out of college in customer service with EXM, she gained an intimate knowledge of the electrical and lighting supply business by working her way through various organizational levels.

“I was definitely able to learn the different roles, and understand all the different aspects of the business,” she said, “starting so young, I really had to put in my time to be able to move up.”

 

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Louis BeaulieuBy Line Goyette

Neither a Millennial nor a Baby Boomer, Louis Beaulieu embraces new technologies and new markets, but remains faithful to family traditions. He holds a bachelor’s degree in finance and a master’s degree in management from Laval University and is the General Manager of Ouellet Canada. A perfect profile for a career in the family business.

When I ask him if, as is often the case in a family business, he had always known that he was going to join the company, he replied, “Not at all. When I was young, I spent my school holidays at my older brother’s farm at Ile d’Orléans.

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