North Syracuse, NY—WYNIT Distribution, a national distributor of products from the top global brands in the photo, consumer electronics, wide-format printing, security and outdoor industries, completed its acquisition of Speed Commerce’s retail distribution business, Navarre.
“We are very excited about the opportunities this acquisition will create for WYNIT and Navarre,” said Pete Richichi, chief operating officer of WYNIT Distribution. “Our individual strengths in different areas of the distribution business make this partnership a perfect fit. As an organization we are also looking forward to developing and growing our business in Canada by building on Navarre’s existing partnerships.”
Navarre, headquartered in Eden Prairie, Minnesota, has been a leader in the distribution industry since 1983 and supports the largest retailers in the U.S. and Canada with consumer electronics and software products from the most recognized brands. As part of this transaction, Navarre will operate as a strategic business unit out of its headquarters in Minnesota.
Navarre’s sales and logistics organizations will work with WYNIT’s team to identify new opportunities, create efficiencies and fuel accelerated growth for both companies in the U.S. and Canada.
“This is the best fit we could have hoped for,” said Ward Thomas, executive vice president, Navarre Division. “We are excited to be part of the WYNIT team and leveraging their experience and resources to better serve our customers in the national retail channel.”
Based in North Syracuse, New York, WYNIT serves customers ranging from large national retailers to independent resellers through dedicated business units and strategically located distribution facilities in Memphis, Tennessee, and Reno, Nevada. wynit.com