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Seasoned Industry Executive Tapped to Lead Marcone into Next Phase of Growth

November 4, 2024
Asterios Satrazemis, new President and CEO

Distribution-company Marcone Group has appointed Asterios Satrazemis as president and CEO.

Satrazemis spearheads Marcone's next chapter of expansion and customer-centric innovation. He 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 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.

"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," said Rob Rutledge, managing partner at Genstar Capital, majority investor in Marcone.

Satrazemis brings executive and global leadership experience, with a 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.

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 service through its branch locations, fleet of delivery vehicles and order shipments reaching 93% of U.S. customers with next-day ground delivery and 100% within two days.

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