ADI Global Distribution Inc. Jefferies Global Industrials Conference 2026
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All right. I am Dan Stratemeier. I work in the Jefferies Equities division. I am honored to introduce for the first time, I think, at a conference, Rob Aarnes, the new CEO of ADI.
Hey, everyone. Kevin, what is your official title, Kev?
Global head of financial planning?
Global head of strategic financing.
There you go. I was close.
Thank you. Well, again, congratulations on separating successfully.
Thank you. Why don't we just talk a little bit high level?
Why don't you give us an overview of your business?
Rob, before you jump in, let me just take an opportunity to just remind everybody that we've got a disclaimer that we may be talking about forward-looking statements today. We have this disclaimer on our website and in our investor filings.
There you go. Good job.
Didn't want to miss that.
Gotta do that, Dan. Gotta do that.
Just tell us a little bit about your business, what makes it special, how long you've been there, and maybe what has or has not changed, and what you could potentially do differently now as your own standalone company.
Yeah. As you said, Dan, these are very exciting times for us. ADI Global Distribution has been in business for now three-plus decades. Today, as it stands, we are the largest specialty distributor of commercial security, fire and life safety, and residential AV products, certainly here in the Americas, with also a strong business in Europe, and then presence in actually Australia and Malaysia as well. Business is divided 70% commercial, 30% residential. Residential right now is, everybody knows based on some of the macros, they're a bit softer for us, more of a challenge. The commercial side of the business is growing really nicely and that's good because that's the core part of the business. Up until August 4, we've always been part of a products company. We're longtime with Honeywell. We were the only distribution business as part of a $40 billion manufacturing company, so capital was hard to come by, but we thrived.
We got gritty, and we figured out how to operate really efficiently. Then in October of 2018, we spun out from Honeywell to be part of Resideo. Still a manufacturing-focused organization, but at that point, at least we represented half the revenue. So we were able to really start investing in the business the way we needed to. But in a lot of cases, we were still playing catch-up. But again, really supported by the Resideo team, thrived. But I think everybody knew from internally to our investors that these two businesses didn't belong together.
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