People of the Year: Steve Synnott

The past 12 months add up to a very big year for Steve Synnott.

The home improvement industry executive oversaw a merger that brought PRO Group and Reliable Distributors together under one roof, forming an entity with an increased competitive advantage and a larger presence in hardware distribution.

The companies announced the deal in October, which will add 74 distributors to the PRO Group network and $2 billion in volume.

Synnott became CEO in 2003. Since he purchased the privately-held company from Gary Cosgrave in 2012, the goal has been steady: to deliver added value to the company’s members. Now, he has high hopes for the merger’s ability to reduce infrastructure costs and other channel costs for member suppliers, distributors and customers.

Additionally, the merger will expand the variety of suppliers and distributors and the synergies among them, boosting purchasing power and product selection in the same breath.

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HBSDealer recognized 15 passionate industry players in our most recent issue. Did we miss anyone? We encourage you to share with us examples of industry leadership in 2016. Write to us at [email protected].