BLUE HAWK joins IMARK Group as founding member
IMARK Group recently announced the addition of BLUE HAWK as a founding member along with IMARK Electrical and IMARK Plumbing. BLUE HAWK is the largest HVACR wholesale distribution entity in North America with 216 members, 1,441 locations across 49 states, the U.S. Virgin Islands and Puerto Rico, and aggregate sales exceeding $7 billion.
Lance Rantala, CEO of BLUE HAWK, announced the board’s and membership’s decision to become a member-owner of IMARK Group during their co-op’s annual conference in San Diego on May 8.
“Since our founding in 2005, we have been committed to helping independent HVACR wholesalers thrive and completely embrace a fully transparent business model,” he said. “So, it was an easy decision to come together with IMARK Electrical and IMARK Plumbing, whom both have had a long history as member-owned cooperatives.”
Bob Powers, chairperson of IMARK Group stated: “Having an industry leadership position in our first three verticals bodes well as we continue to grow. We are confident that other likeminded member-owned, financially transparent groups will find our model and governance one that respects the culture of each vertical while driving synergies that improve our market position and profitability.”
IMARK Group is a multi-vertical member-owned, member-governed and financially transparent group with volume exceeding $25 billion in support of the trades. In addition to 216 BLUE HAWK HVACR distributors, IMARK Electrical and IMARK Plumbing have 800 and 650 members, respectively.