Deschenes Adds 6 Branches with Acquisition of Powrmatic

CEW deschenes powrmatic 400

Nov 3, 2020

Since 1945 the Stamm family has proudly owned Powrmatic of Canada. Despite this 75 yearlong history the time has arrived for the family to transition its ownership and for newleadership to arrive. After a long search for the right partner Marilyn Skony Stamm gladly recommended to the Stamm International Board that it approves the sale of the Company to Deschênes Group. The ownership change is effective as of November 3rd, 2020.

This decision was based on Deschênes Group sharing a similar history, value system, business philosophy and a similar vision for the future. Since 1940, Deschênes Group is a family owned business currently generating C$ 1.5 billion in revenue and employing 2,700 individuals. It is a major player in the distribution of Plumbing, HVAC, Electrical and Waterworks products. Deschênes Group knows that success is driven by its employees, by having a customer centric approach and treating suppliers as partners. It prides itself on a family driven culture and has proven its vision for the future by becoming one of Canada’s Best Managed Companies since 2009.

Powrmatic has branches located in Toronto, London, Montreal, Quebec, and Halifax.

“The sale of Powrmatic of Canada to Deschênes Group marks a new and exciting path forward for the Company. Deschênes Group has acquired Powrmatic of Canada for its people, their experience and talent; its reputation and its track record of success. Under Deschênes Group’ leadership, Powrmatic of Canada’s future is very bright. While we will face many challenges, we look forward to working together to support each other and continue to grow,” said Powrmatic President Claude Lapierre, and Executive VP Lavel Genest via press release.

Powrmatic of Canada will continue to operate just as it has in the past. At this time, the phrase “business as usual” can be applied since there are no short-term changes foreseen in strategy, operations or on how business is done. The Company will become a new business unit under Deschênes Group. The transition should therefore be almost seamless, both internally and externally for customers and suppliers.

Related Articles


Changing Scene

  • New E.B. Horsman & Son Northwest Edmonton Distribution Centre Opening Soon

    New E.B. Horsman & Son Northwest Edmonton Distribution Centre Opening Soon

    The countdown begins for E.B. Horsman & Sons’ New Distribution Centre opening date on May 6th. This expansion marks an exciting chapter in EB Horsman’s journey across Western Canada. As the company continues to scale it’s operations, the opening of the New Distribution Centre in Northwest Edmonton will enhance the company’s efficiency, improve service delivery, and meet the… Read More…

  • Southwire Announces Investment in Condoit

    Southwire Announces Investment in Condoit

    In support of Southwire’s focus on strategic growth, the company is pleased to announce an investment in Condoit, a software platform for electrical design, analysis and collaboration. Condoit, based in Birmingham, Ala., has developed a software application to dramatically simplify the process of documenting “as-built” drawings of electrical systems. Condoit’s software aids in the design of… Read More…


Peers & Profiles

  • Taken from Graybar Canada Linkedin Post Enjoy a glimpse of the wonderful moments from Graybar Canada’s recent customer appreciation BBQs! The company was grateful for the smiles and connections made with our amazing customers and vendors. They are looking forward to the next gathering! Source Read More…

  • Article taken from Linkedin Post Electrozad is thrilled to spotlight their Chatham Branch and recognize their exceptional efforts in cleaning up their community. The team took time to coordinate a community clean-up around their branch. This is a commendable initiative that not only helps maintain the cleanliness and hygiene around the branch but also contributes… Read More…