• Security Solutions: Distribution of a wide range of security products, including video surveillance, access control, intrusion detection, and fire systems.
• Audio Visual (AV) Equipment: Distribution of professional audio, video, and control solutions for commercial and residential applications.
• Networking & Communications: Distribution of networking hardware, communication systems, and infrastructure products like cables and connectors.
• Smart Home & Automation: Distribution of devices and systems for home and building automation, energy management, and control.
• Tools & Hardware: Distribution of essential tools, equipment, and accessories required for the installation and maintenance of low-voltage systems.

ADI Global Distribution (ADIG) primarily operates as a wholesale distributor, selling a wide range of security, AV, and low-voltage products to other businesses (B2B).

Due to its business model of serving a highly fragmented market of independent contractors, installers, and dealers, ADI Global Distribution does not have a small number of major customers that are publicly traded companies. Instead, its customer base consists of tens of thousands of small to medium-sized businesses.

The primary categories of customers it serves include:

• Security System Installers and Integrators: Businesses specializing in the installation, maintenance, and monitoring of burglar alarms, video surveillance, access control, and fire detection systems for residential, commercial, and industrial clients.
• Audio-Visual (AV) Contractors: Companies focused on designing, installing, and servicing audio, video, and automation systems for various environments, including homes, corporate offices, educational institutions, and hospitality venues.
• Low-Voltage Contractors: Firms that handle general low-voltage wiring and installation projects, such as structured cabling, networking infrastructure, smart home technology, and building automation systems.

Major suppliers of ADI Global Distribution include:

• Resideo Technologies (REZI)
• Honeywell (HON)
• Johnson Controls (JCI)
• Axis Communications
• Hikvision
• Dahua Technology

Rob Aarnes, President, Chief Executive Officer

Rob Aarnes is the President and Chief Executive Officer of ADI. He has served as President of ADI since 2017, having previously led ADI's North American business. He has a strong background in retail, distribution, and manufacturing. Prior to ADI, Mr. Aarnes held various senior leadership roles within private equity, specialty retail, and big box consumer electronics companies. He also previously served as President & Chief Executive Officer of GUNNAR Optiks. Mr. Aarnes is a member of Resideo's executive leadership team and has been a Section 16 Officer since 2018. He serves on the Board of Directors of MSC Industrial Supply Co.

Michael Carlet, Chief Financial Officer

Michael Carlet is the Chief Financial Officer of ADI, where he leads the company's global finance organization. He brings experience as a CFO from Snap One and Resideo, which is relevant to managing a distribution-plus-exclusive-brand model and a spin balance sheet.

Allie Copeland, SVP, Chief Operating Officer

Allie Copeland is the Senior Vice President and Chief Operating Officer at ADI. She has been with ADI since 2016 and has previously served as Chief Commercial Officer, Chief Transformation Officer, and Vice President of Global Operations.

Marco Cardazzi, SVP, Chief Merchandising Officer

Marco Cardazzi is the Senior Vice President and Chief Merchandising Officer at ADI. He has been with ADI since 2011, and his previous roles include Chief Marketing Officer, Vice President of Global Marketing, and various leadership positions across merchandising, marketing, category management, and products.

Leigh Ann Angelini, VP, Chief People Leader

Leigh Ann Angelini is the Vice President and Chief People Leader for ADI, responsible for the company's global people strategy.

Here are the key risks to ADI Global Distribution (ADIG):

1. High Leverage and Financial Risk: Following its spin-off from Resideo Technologies in August 2026, ADI Global Distribution is anticipated to carry approximately $1 billion in new indebtedness, along with a $500 million revolving credit facility. This significant level of debt introduces substantial risks related to debt servicing, financial flexibility, and its ability to fund future operations and investments. In 2025, the company also experienced largely negative cash flow.
2. Supply Chain Dependence and Concentration: As a wholesale distributor, ADI Global Distribution is highly dependent on its supplier relationships. While it works with over 1,000 suppliers, a considerable portion of its revenue is concentrated among a small number of these vendors. The 10 largest suppliers account for approximately 50% of revenues, with the single largest supplier contributing more than 10% of total revenues, posing a risk of vendor concentration.
3. Intense Competition: ADI operates in the distribution of security, pro-AV, and low-voltage products, a market characterized by intense competition. This competitive landscape could impact the company's pricing power, market share, and profitability.

The addressable market for ADI Global Distribution's main products and services is approximately $65 billion in North America. These products primarily include professionally installed low-voltage systems such as security, fire/life safety, and audio-visual solutions, serving both commercial and residential markets. Of this total addressable market, an estimated $35 billion is currently serviceable.

Here are 3-5 expected drivers of future revenue growth for ADI Global Distribution (symbol: ADIG) over the next 2-3 years:

1. Growth of Digital Platform: ADI Global Distribution aims to expand its industry-leading omnichannel platform, with its digital capabilities expected to be a primary contributor to revenue growth. The company is targeting a high-single-digit to low-double-digit digital revenue compound annual growth rate (CAGR) in the near term.
2. Expansion into High-Growth Verticals: The company plans to drive revenue growth through strategic expansion into high-growth verticals, specifically ProAV (Professional Audio-Visual) and DataComm (Data Communications). This builds on previous strong demand seen in commercial product categories including professional audio/video and networking.
3. Growth of Exclusive Brands: ADI Global Distribution intends to leverage its portfolio of exclusive brands, which have been noted for their increasing profitability. This strategy is expected to enhance customer value and contribute to overall revenue growth.
4. Development of Value-Added Services: The company is focused on growing its offerings of value-added services. These services are anticipated to be a key component in driving future revenue expansion.
5. Strategic Tuck-in Mergers and Acquisitions (M&A): ADI Global Distribution identifies strategic tuck-in mergers and acquisitions as a lever to achieve above-market growth. These targeted acquisitions are expected to complement existing operations and contribute to revenue expansion.