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Despite the negative impact of COVID-19, IMARK Group’s verticals grew 7.9 percent in the first quarter of 2020. IMARK Group’s shareholders are the members of four industry-leading cooperatives: IMARK Electrical, IMARK Plumbing, Luxury Products Group, and BLUE HAWK. All four cooperatives reported increases in gross revenue and net income in the first three months on a YOY basis. Each vertical passed along the additional net income to its member-owners in their Q1 patronage dividends.
IMARK Group is a federated cooperative of electrical, plumbing, decorative bath, kitchen and lighting, and HVACR wholesalers. It is the largest member-owned, member-governed, and financially transparent network of business-to-business wholesalers. The synergies and scale of IMARK Group’s 1,600-plus wholesalers and 6,500-plus locations are delivering industry-best programs and services to its members.