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Ingram Micro

Two schoolteachers started it, and it now moves fifty billion dollars of other people's products a year.

Micro D, Inc. was founded in July 1979 in Southern California by Geza Czige and Lorraine Mecca, a husband and wife who were both schoolteachers. Their own company's history says they brought an academic approach to logistics. First-year sales were around $3.5M; by 1988 they were $553M, and the business that grew out of it reported $52.6B of revenue in 2025.

**The teaching origin is the third on this timeline and worth noting as a pattern rather than a coincidence.** Stefanini was founded by a man already giving classes, whose training business became a technology company. HCL's founder started a training institute in 1982 because a domestic industry cannot grow faster than the supply of people who can staff it. And the largest technology distributor in the world was started by two teachers. Distribution and instruction turn out to share a discipline: both are about getting something complicated from the people who made it to the people who need it, in a form they can use.

**The company as it exists is a merger of two competitors, and the logic is the instructive part.** In 1982 Ronald Schreiber, Irwin Schreiber, Gerald Lippes and Paul Willax founded Software Distribution Services in Buffalo, New York. Ingram Industries bought it in 1985, renamed it Ingram Software and then Ingram Computer. Ingram had also been buying Micro D - a majority in February 1986, the rest in March 1989 at $14.75 a share, about $44M for the remaining 41 per cent - and then merged the two.

They fitted because they sold to different people: **Micro D specialised in the large retail computer chains, while Ingram served value-added resellers and smaller retailers.** The combination became Ingram Micro D, the microcomputer industry's first billion-dollar wholesale distributor, headquartered in Santa Ana with the East Coast operation kept in Buffalo. The D was dropped in January 1991, and the company listed on the New York Stock Exchange in 1996.

**Set against ScanSource, this is the other kind of distributor and the contrast is the point.** ScanSource's founding thesis was to catch products on their way to commodity - specialist, deep in a few categories, arriving before the broadline houses turned up to sell on price. Ingram Micro *is* the broadline house. Its business is described in its own filings as inventory-intensive and capital-intensive rather than asset-light: it buys hardware, software and cloud services and holds them on its balance sheet. **The specialist sells expertise; the broadline distributor sells scale, and the two are not competing for the same thing until a category has finished transitioning.**

The ownership since has been eventful. China's HNA Group took it private in 2016 for around $6B. Platinum Equity bought it from HNA affiliates for approximately $7.2B, closing on 2 July 2021, with up to $325M more contingent on adjusted EBITDA through 2023 - a payment earned in full and made in April 2022. It returned to the New York Stock Exchange in 2024.

One footnote with a long reach: Ingram Industries, the family business that assembled all this, traces to the 1830s and made its money in lumber and shipping before moving through petroleum refining, river barges and book distribution. **Computer products were a 1980s diversification for a company that had been moving other people's goods for a century and a half** - which is a reasonable description of what distribution is.

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