North American distributor Marcone Group announced the appointment of Asterios Satrazemis as its new President and Chief Executive Officer where he will spearhead Marcone’s next chapter of expansion and customer-centric innovation.
“We’re thrilled to welcome Asterios to Marcone,” said Rob Rutledge, Managing Partner at Genstar Capital. “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.”
Satrazemis succeeds Avichal Jain, who led Marcone’s initial growth from a leading appliance parts distributor to a multi-vertical partner across five major sectors. Satrazemis will further expand Marcone’s market share and strengthen its reputation as the distributor of choice for leading OEMs and service technicians.
“I am honored to join Marcone at such a dynamic time,” said Satrazemis. “With our team’s expertise and passion, we’re well-positioned to drive further innovation and growth. 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.”
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.
Marcone has more than tripled in size through a combination of both organic and inorganic growth since Genstar’s initial investment and 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 its 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.
About Marcone Group
Marcone is the leading provider of premium solutions, parts and equipment for professionals serving customers on their appliance parts, HVAC, plumbing, commercial kitchen, and pool and spa needs. Headquartered in St. Louis, Missouri, Marcone is a multi-billion-dollar enterprise operating out of more than 200 locations throughout North America. Offering unparalleled product breadth, know-how across our national footprint and ease of doing business via leading-edge technology, servicers prefer Marcone because we amplify what they do best: take great care of their clients with speed, reliability and accuracy. Learn more about Marcone at marcone.com.
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