Headquarters: Glen Burnie, MD
2009 Revenues: $525.1 million
Change in Sales from 2008: -6.6%
Key Executives: President John W.H. Michel; Executive Vice President Ronald D. Miller; Vice President, Sales Glen K. Baker; Vice President, Marketing J.V. Michel, Jr.; Vice President Branch Operations Gene A. Winters
2009 Acquisitions: Schwartz Distributing, New Philadelphia, OH
New locations in 2009 Not a Result of Acquisition: 2
In 2010, HVAC/Plumbing distributor R.E. Michel is positioning itself for growth in alternative energy markets and improved energy efficiency models. In particular, the company is seeing opportunities for growth related to geothermal systems, solar water heating systems and high efficiency boilers and tankless water heaters. Consumer confidence and the uncertain economy will likely continue to present questions for the foreseeable future, but R.E. Michel continues to push forward with expansion through acquisitions and opening new locations. In 2009, R.E. Michel acquired Schwartz Distributing in New Philadelphia, OH, and opened two other locations.
No. 11: Deschenes Group Inc.
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