RED DEER, Alta. & WINNIPEG — Ace Canada, a division of Peavey Industries LP, has established a formal business arrangement with Winnipeg-based buying group Sexton Group Ltd. Under the joint supply agreement, Ace dealers, who now get their hardware supplied through Peavey, will have access to the LBM offerings of Sexton’s programs. Sexton members will likewise have access to the hardware products and programs of Ace Canada.
According to the release, “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 that only two innovative and exceptional leaders in their own areas of expertise could bring to the table.”
The joint supply agreement has been signed, with the collaborative terms taking effect January 1 for all Canadian regions initially aside from Quebec, although stores in that province will also be included. “We have allotted additional time to ensure our LBM program will effectively support our Quebec dealers,” says the release.
“This is not expected to be a lengthy process as our LBM portal, a major element already in place, has been bilingual since its inception. The target date for Quebec dealer activation within the agreement is between the second and third quarter of 2021.”
(The press release in full is reprinted here:)
ACE Canada and Sexton Group Form Strategic Alliance
ACE Canada, a division of Peavey Industries LP is pleased to announce the establishment of a formal business arrangement with Canadian Buying Group standout, 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 that only two innovative and exceptional leaders in their own areas of expertise could bring to the table.
The joint supply agreement has been signed, with the collaborative terms taking effect January 1, 2021 for all Canadian regions, aside from Quebec. We have allotted additional time to ensure our LBM program will effectively support our Quebec dealers. This is not expected to be a lengthy process as our LBM portal, a major element already in place, has been bilingual since its inception. 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 are excited to be making this announcement today – together, we are taking a a monumental step toward providing the best possible service to our ACE dealers and Sexton Group members. We 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.
