News

November 5, 2024
Ivystone acquires OneCoast

Ivystone Group has acquired OneCoast as of Oct. 31st, OneCoast announced on Nov. 4.

“It has been an honor to have been part of OneCoast for the last 21 years and to have led OneCoast for the last 15 years,” said outgoing OneCoast CEO John Keiser. “I am truly excited about the next chapter for OneCoast, its employees and our vendors.”

Ivystone and OneCoast will continue to operate as separate companies. OneCoast will remain focused on its national sales and marketing model, emphasizing a limited number of vendor partnerships and exclusive national representation. Meanwhile, Ivystone will continue its blended model of regional and national coverage, enabling both companies to effectively meet the diverse needs of their respective vendor communities.

“Acquiring OneCoast is an incredible opportunity to enhance the strengths of both organizations,” said Doug Cofiell, CEO of Ivystone. “With OneCoast’s respected legacy and commitment to service, we’re positioned to support an even broader network of vendors and retailers. Together, our combined resources will bring new growth opportunities and elevate the level of service our partners expect.”

The strategic decision to have both organizations operate autonomously will allow each company to continue with their unique culture, brand and services provided, according to the companies.

“We are looking forward to the possibilities that lie ahead of us while continuing to focus on the culture that serves both our people and our customers,” said Majda Rensberger, remaining president of OneCoast.

The companies said that the retail community can expect uninterrupted service from each as showrooms and sales representation remain the same.




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