Stampede Acquired by U.K.-Based DCC Technology
ProAV distributor Stampede announced today that it has been acquired by the technology division of DCC, a U.K.-based marketing and support services firm that employee 11,000 employees across four divisions that operate in 17 countries. The completion of the acquisition will see Stampede founder and CEO Mark Wilkins retire after nearly 40 years of service to the ProAV industry. He will be succeeded by Kevin Kelly.
“I am incredibly proud of everything we have accomplished as Stampeders over these last 20 years,” Wilkins said in a statement. “Now, with the backing and support of DCC, I can retire knowing that the company’s future is in very good hands.”
In the statement, Kelly called the acquisition a “game changing paradigm shift” for the ProAV industry. “Overnight, Stampede has become one of the world’s largest ProAV distributors, able to operate at a level certain to create exciting new business opportunities for our partners,” he said. “Supported by the resources and long-term commitment of DCC, we are now able to scale across all ProAV product categories in all vertical markets globally in a way that we simply could not do on our own. For our manufacturer partners this means greater reach and scale. For our resellers, this means more products and new product categories than ever before.”