Wade Moose is retaining an equity stake in the company, but will focus now on engineering and product development, he said. “Where I did my biggest damage in life was actually designing products,” he laughed. Wade Moose said he founded Moose Products more than 30 years ago after a start in the industry as an installer. Tired of always wishing something had one more output or one more channel, he began developing his own products, something he’s eager to get back to.
“very exciting … and one with much growth potential.”
He’ll also continue to advise Neuville, who has a track record of his own of accelerating company growth, mostly in the textile industry. Neuville said he left that industry because he was tired of seeing manufacturing jobs move overseas, and is excited to join a security industry he sees as “very exciting … and one with much growth potential.”
Though he’s still new to Systems Depot and learning the customer base, Neuville said he’d be focusing on “making sure we’ve got the right products in stock when the customers need them, and providing training and making sure we’re trained to understand the products our vendors offer … Distributors, the good ones, are more than order takers. They’re resources for their customers and we want to continue down that path.”
Wade Moose said, Systems Depot will not continue to expand their product line into other low-voltage markets, rather focusing very tightly on the fire and burglar alarm marketplace.
“Everybody else wants to be the biggest and best low-voltage distributor, and we’re going to de-emphasize that. We’ll be the world’s best distributor of burglar and fire alarm equipment.”
Elk Products will move in the opposite direction, seeing home automation and high-end A/V as places where its systems can help dealers generate new revenue. “We’re committed to a cross-platform, open-system philosophy,” Peterson said. In fact, one of Wade Moose’s pet projects is to develop ways for Elk dealers to help their customers use Elk access and home control systems to reduce their energy costs.
“We plan to be the system that everybody else wishes they had the system that goes into the house of the future.”
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