Marcone Group (Marcone), one of the renowned North American distributors of appliance, HVAC, plumbing, commercial kitchen and pool and spa parts and equipment, is excited to announce the appointment of Asterios Satrazemis as its new President and Chief Executive Officer (CEO) effective September 30.
With a proven track record of driving transformational growth, Satrazemis spearheads Marcone’s next chapter of expansion and customer-centric innovation.
Asterios Satrazemis
Asterios Satrazemis succeeds Avichal Jain, who led Marcone’s initial growth from a appliance parts distributor to a multi-vertical partner across five major sectors.
Satrazemis is expected to build on this foundation by further expanding Marcone’s market share and strengthening its reputation as the distributor of choice for leading OEMs and service technicians.
operational excellence
“We’re thrilled to welcome Asterios to Marcone,” said Rob Rutledge, Managing Partner at Genstar Capital (Genstar) and Majority Investor in Marcone.
He adds, “His inclusive leadership style, industry expertise, growth orientation and dedication to operational excellence align perfectly with our long-term vision for Marcone. We’re confident that under his leadership, Marcone will continue to grow and deliver best-in-class service to our customers.”
work experience
He has built strong cultures grounded in empowering frontline employees and delivering solutions
Asterios Satrazemis brings extensive executive and global leadership experience, with a track record of successfully growing diverse, distributed service-based businesses, most recently as the CEO of BlueLine Rental and United Site Services.
Throughout his career, he has built strong cultures grounded in empowering frontline employees and delivering solutions that meet customer needs, resulting in sustained growth and market leadership in highly competitive sectors.
innovation and growth
"I am honored to join Marcone at such a dynamic time," said Asterios Satrazemis, adding "With our team’s expertise and passion, we’re well-positioned to drive further innovation and growth."
He continues, "Together, we will continue to lead the distribution industry by delivering unmatched service and value to our customers and become the leading one-stop-shop distributor of products and equipment to service technicians."
organic and inorganic growth
Since Genstar’s initial investment, Marcone has more than tripled in size through a combination of both organic and inorganic growth. Marcone has significantly expanded its geographic reach, product offering and addressable market through nine strategic acquisitions in the HVAC, plumbing and pool and spa sectors and has launched a high-growth commercial kitchen business.
With an extensive nationwide distribution network, Marcone provides fast, reliable customer service through its branch locations, extensive fleet of delivery vehicles and order shipments reaching 93% of U.S. customers with next-day ground delivery and 100% within two days.