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Smith & Associates history
Smith & Associates company history timeline
Smith family members subsequently purchased this apartment building in 1984.
Founded in 1984, Smith & Associates pioneered the Independent Distribution business with a focused, 'can-do' approach.
Smith & Associates got its start in 1984, the same year that Apple Computer unveiled its Macintosh and IBM introduced the PC. As the popularity of personal computing exploded, a component shortage soon followed.
1984: Brothers Robert and Leland Ackerley establish a home-based distribution enterprise; by year's end, Smith & Associates operates from a leased office and has ten employees.
Smith & Associates' sales reached $30 million in 1992.
Although its unit sales increased from 1995, Smith saw revenues drop from $376 million to $154.5 million.
In 1996 Smith again made Inc.'s list of the 500 fastest-growing companies.
1996: The company forms its ExStock division to buy and resell its customers surplus, and also creates a value-added services division called Reel Technology.
In 1998 Smith & Associates created an in-house training program called Smith University.
1999 The Rite Aid Pharmacy at 2820 Columbia Pike (originally Bob’s Big Boy) was built on the homesite of Cora McIntosh (a Smith family relation).
Smith ended the decade with a staff of approximately 137 employees and annual revenue of $282 million. It also was in 1999 that Smith's Reel Technology division was assimilated into the company's renovated operations facility, and warehouse facilities were expanded.
By late 2000 Smith & Associates continued to improve its understanding of component market trends.
In 2002 Smith & Associates was once again recognized by a number of trade publications, including EBN and Purchasing magazine, for its industry leadership position.
In 2002 Smith also completed a $300,000 expansion of its Amsterdam consignment warehouse, which was used to house its customers' excess inventory.
In 2004 revenues reached $500 million and the company's workforce reached 300 employees.
2011 Penrose Square residential apartment and commercial center opens.
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Smith & Associates competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| IBS Electronics | 1980 | $41.0M | 100 | 4 |
| Advanced MP Technology | 1978 | $120.0M | 100 | - |
| ASA Electronics | 1977 | $27.0M | 350 | - |
| Edwards | - | $1.1B | 8,000 | 94 |
| Kearns & Company | - | - | - | - |
| Gomez | 1997 | $20.0M | 3,000 | 3 |
| Ar Systems | - | $420,000 | 7 | - |
| Mitchell | 1946 | $300.0M | 1,700 | 19 |
| CPJ & Associates | 1971 | $7.6M | 72 | - |
| Erwin | 2016 | - | 176 | 3 |
Smith & Associates history FAQs
Zippia gives an in-depth look into the details of Smith & Associates, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Smith & Associates. The employee data is based on information from people who have self-reported their past or current employments at Smith & Associates. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Smith & Associates. The data presented on this page does not represent the view of Smith & Associates and its employees or that of Zippia.
Smith & Associates may also be known as or be related to Smith & Associates and Smith & Associates, Ltd.