-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jod3kGwVkvHa/bDnOCarVsAR23r2SuBU/4sju52I0ZacGusXkDb5PNXRVq+w18I4 NVBU6xdZzlon6W2t1cHVWQ== 0001047469-98-037599.txt : 19981020 0001047469-98-037599.hdr.sgml : 19981020 ACCESSION NUMBER: 0001047469-98-037599 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19981019 SROS: NONE GROUP MEMBERS: CONSOLIDATED ELECTRICAL DISTRIBUTORS, INC. GROUP MEMBERS: CONSOLIDATEDELECTRICALDISTRIBUTORSINC,EMPLRTRMNTPLN GROUP MEMBERS: EDMUNDSON INTERNATIONAL INC GROUP MEMBERS: LINCOLNSHIRE ASSOCIATES, LTD. GROUP MEMBERS: PORTSHIRE CORP. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INDUSTRIAL DISTRIBUTION GROUP INC CENTRAL INDEX KEY: 0001042351 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 582299339 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-52071 FILM NUMBER: 98727452 BUSINESS ADDRESS: STREET 1: 2500 ROYAL PLACE CITY: TUCKER STATE: GA ZIP: 30084 BUSINESS PHONE: 7702439000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EDMUNDSON INTERNATIONAL INC CENTRAL INDEX KEY: 0001064700 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 953338981 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 31356 VIA COLINAS CITY: WESTLAKE VILLAGE STATE: CA ZIP: 90025 BUSINESS PHONE: 3104772418 MAIL ADDRESS: STREET 1: C/O CONSOLIDATED ELECTRICAL DISTRIBUTORS STREET 2: 1516 PONTIUS AVE CITY: LOS ANGELES STATE: CA ZIP: 90025 SC 13D 1 SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 --------------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Industrial Distribution Group, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, par value $0.01 - -------------------------------------------------------------------------------- (Title of Class of Securities) 45061100 - -------------------------------------------------------------------------------- CUSIP Number Edmundson International, Inc. 31356 Via Colinas Westlake Village, California 91362 (818) 991-9000 with a copy to: Timothy G. Hoxie, Esq. Heller Ehrman White & McAuliffe 333 Bush Street San Francisco, California 94104 (415) 772-6052 - -------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) October 7, 1998 --------------- (Date of Event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this statement because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: / / (Continued on following pages) (Page 1 of 19 Pages) CUSIP NO. 45061100 13D Page 2 of 19 pages - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS Edmundson International, Inc. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION California - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER -0- NUMBER OF SHARES ----------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER 410,000 OWNED BY EACH ----------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER -0- PERSON WITH ----------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 410,000 - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 410,000 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- CUSIP NO. 45061100 13D Page 3 of 19 pages - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS Consolidated Electrical Distributors, Inc. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS AF - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER -0- NUMBER OF SHARES ----------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER 410,000 OWNED BY EACH ----------------------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER -0- PERSON WITH ----------------------------------------------------------------- 10) SHARED DISPOSITIVE POWER 410,000 - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 410,000 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- CUSIP NO. 45061100 13D Page 4 of 19 pages - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS Portshire Corp. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS AF - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Texas - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER -0- NUMBER OF SHARES ----------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER 60,000 OWNED BY ----------------------------------------------------------------- EACH 9) SOLE DISPOSITIVE POWER -0- REPORTING PERSON ----------------------------------------------------------------- WITH 10) SHARED DISPOSITIVE POWER 60,000 - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,000 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.7% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- CUSIP NO. 45061100 13D Page 5 of 19 pages - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS Lincolnshire Associates, Ltd. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Texas - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER -0- NUMBER OF SHARES ----------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER 60,000 OWNED BY ----------------------------------------------------------------- EACH 9) SOLE DISPOSITIVE POWER -0- REPORTING PERSON ----------------------------------------------------------------- WITH 10) SHARED DISPOSITIVE POWER 60,000 - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,000 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.7% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- CUSIP NO. 45061100 13D Page 6 of 19 pages - -------------------------------------------------------------------------------- 1) NAMES OF REPORTING PERSONS Employees' Retirement Plan of Consolidated Electrical Distributors, Inc. - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / / (b) /X/ - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) / / - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION California - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER 100,000 NUMBER OF SHARES ----------------------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER 0- OWNED BY ----------------------------------------------------------------- EACH 9) SOLE DISPOSITIVE POWER 100,000 REPORTING PERSON ----------------------------------------------------------------- WITH 10) SHARED DISPOSITIVE POWER -0- - -------------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 100,000 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / / - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.2% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON EP - -------------------------------------------------------------------------------- CUSIP NO. 45061100 13D Page 7 of 19 pages INTRODUCTION Edmundson International, Inc., a California corporation, hereby files this Statement on Schedule 13D (the "Statement") on behalf of the Reporting Persons identified in Item 2 below pursuant to the Agreement With Respect To Schedule 13D attached hereto as Exhibit 7(1). Item 1. SECURITY AND ISSUER. The class of equity securities to which this Statement relates is the common stock, $0.01 par value (the "Common Stock"), of Industrial Distribution Group, Inc. (The "Issuer"), a corporation incorporated under the laws of Delaware whose principal executive offices are located at 2500 Royal Place, Tucker, Georgia 30084. Item 2. IDENTITY AND BACKGROUND. This Statement is filed on behalf of Edmundson International, Inc., a California corporation ("Edmundson International"), Consolidated Electrical Distributors, Inc., a Delaware corporation ("CED"), Portshire Corp., a Texas corporation ("Portshire Corp."), Lincolnshire Associates, Ltd., a Texas limited partnership ("Lincolnshire Associates"), and Employees' Retirement Plan of Consolidated Electrical Distributors, Inc., a defined benefit plan ("CED Pension Plan") (collectively, the "Reporting Persons"). CUSIP NO. 45061100 13D Page 8 of 19 pages a. EDMUNDSON INTERNATIONAL. The principal executive offices of Edmundson International are located at 31356 Via Colinas, Westlake Village, California, 91362. Edmundson International is a California corporation whose principal business is the making of investments. The directors and executive officers of Edmundson International are set forth in Schedule 1 to this Statement. Edmundson International is a wholly owned subsidiary of CED. b. CED. The principal executive offices of CED are located at 31356 Via Colinas, Westlake Village, California, 91362. CED is a Delaware corporation whose principal business is the wholesale distribution of electrical equipment. The directors and executive officers of CED are set forth in Schedule 2 to this Statement. c. PORTSHIRE CORP. The principal executive offices of Portshire Corp. are located at 2550 Midway Road, Suite 220, Carrollton, Texas 75006. Portshire Corp. is a Texas corporation. Portshire Corp. is wholly owned by Edmundson International. Portshire Corp. is the sole general partner of Lincolnshire Associates. Portshire Corp. manages real properties and services real estate secured loans. The directors and executive officers of Portshire Corp. are set forth in Schedule 3 of this Statement. CUSIP NO. 45061100 13D Page 9 of 19 pages d. LINCOLNSHIRE ASSOCIATES. The principal executive offices of Lincolnshire Associates are located at 2550 Midway Road, Suite 220, Carrollton, Texas 75006, c/o Portshire Corp. Lincolnshire Associates is a Texas limited partnership formed for the purpose of making investments. e. CED PENSION PLAN. The principal executive offices of CED Pension Plan are located at 700 S. Flower Street, Los Angeles, California 90071, c/o BNY Western Trust Company. CED Pension Plan is a defined benefit plan within the meaning of the Employee Retirement Income Security Act of 1974. CED Pension Plan is organized as a trust under the laws of California. During the last five years none of the Reporting Persons, nor any of their individual directors or executive officers, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) nor have any of such persons been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. CUSIP NO. 45061100 13D Page 10 of 19 pages Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Between September 23, 1998 and October 7, 1998, the Reporting Persons purchased in a series of separate broker-assisted purchases on the open market 510,000 shares of the Issuer's Common Stock. The total funds required to complete the purchases was $2,744,015.93 (inclusive of broker commissions). All funds were obtained from working capital of the Reporting Persons. A table identifying each purchase is included in Item 5(c). Item 4. PURPOSE OF TRANSACTION. The Reporting Persons acquired the shares of the Common Stock reported herein for investment purposes. Consistent with such purposes, the Reporting Persons expect to have discussions with management and other shareholders of the Issuer concerning various operational and financial aspects of the Issuer's business. The Reporting Persons may, in the future, also have discussions with management, directors and other shareholders of the Issuer concerning various ways of maximizing long-term shareholder value. Depending on the market conditions and other factors that each of the Reporting Persons may deem material to its investment decision, each Reporting Person may purchase additional shares of the Common Stock in the open market or in private transactions. Depending on these same factors, any Reporting Person may sell all or a portion of the shares of the Common Stock that it now owns or hereafter may acquire on the open market or in private transactions. CUSIP NO. 45061100 13D Page 11 of 19 pages Item 5. INTEREST IN SECURITIES OF THE ISSUER. (a) and (b) The aggregate number of shares and percentage of Common Stock of the Issuer (based upon the Issuer's report on Form 10Q that it had 8,466,713 shares of Common Stock outstanding as of June 30, 1998) beneficially owned by each person named in Item 2, as well as the number of shares of Common Stock as to which such person is deemed to have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or direct the disposition, is set forth in the following table.
- -------------------------------------------------------------------------------------------------------------------- Reporting Person No. of Percentage Power to Vote Power to Dispose Shares of Class Shared Sole Shared Sole Beneficially Owned - -------------------------------------------------------------------------------------------------------------------- Edmundson International 410,000 4.8% 410,000 -0- 410,000 -0- - -------------------------------------------------------------------------------------------------------------------- CED 410,000 4.8% 410,000 -0- 410,000 -0- - -------------------------------------------------------------------------------------------------------------------- Portshire Corp. 60,000 0.7% 60,000 -0- 60,000 -0- - -------------------------------------------------------------------------------------------------------------------- Lincolnshire Associates 60,000 0.7% 60,000 -0- 60,000 -0- - -------------------------------------------------------------------------------------------------------------------- CED Pension Plan 100,000 1.2% -0- 100,000 -0- 100,000 - --------------------------------------------------------------------------------------------------------------------
The information required by Item 5 with respect to persons with whom voting or dispositive power is shared is set forth in Item 2. (c) To the best knowledge of the Reporting Persons, no person described in paragraph (a) of this Item 5 has effected any transaction in the Common Stock of the Issuer during the past 60 days other than as set forth in the table below: CUSIP NO. 45061100 13D Page 12 of 19 pages
- --------------------------------------------------------------------------------------------- Date Purchaser # Shares Price Comm'n Total Funds Required - --------------------------------------------------------------------------------------------- 9/23/98 CED Pension Plan 500 $6.4375 $0.120 $3,278.75 - --------------------------------------------------------------------------------------------- 9/24/98 CED Pension Plan 24,500 $6.5000 $0.060 $160,720.00 - --------------------------------------------------------------------------------------------- 9/29/98 CED Pension Plan 16,400 $6.2271 $0.060 $103,108.44 - --------------------------------------------------------------------------------------------- 9/30/98 CED Pension Plan 8,600 $6.1766 $0.060 $53,634.76 - --------------------------------------------------------------------------------------------- 10/1/98 CED Pension Plan 10,500 $6.1756 $0.060 $65,473.80 - --------------------------------------------------------------------------------------------- 10/2/98 CED Pension Plan 600 $6.2500 $0.060 $3,786.00 - --------------------------------------------------------------------------------------------- 10/5/98 CED Pension Plan 38,900 $6.0162 $0.060 $236,364.18 - --------------------------------------------------------------------------------------------- 10/7/98 Lincolnshire Ass. 60,000 $5.1250 $0.040 $309,900.00 - --------------------------------------------------------------------------------------------- 10/7/98 Edmundson Intl. 350,000 $5.1250 $0.040 $1,807,750.00 - --------------------------------------------------------------------------------------------- TOTAL 510,000 $2,744,015.93 ------- ------------- - ---------------------------------------------------------------------------------------------
(d) To the best knowledge of the Reporting Persons, no person other than the Reporting Persons and their equity owners has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of the Issuer. (e) Not applicable. Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Edmundson International beneficially owns 350,000 shares of Common Stock. Portshire Corp., the general partner of Lincolnshire Associates, is a wholly owned subsidiary of Edmundson International. Lincolnshire Associates beneficially owns 60,000 shares of Common Stock. Therefore, Edmundson International, through its ownership of Portshire Corp., beneficially owns an additional 60,000 shares of Common Stock. Edmundson International is itself a wholly owned subsidiary of CED. Therefore, CED, through its ownership of Edmundson International and CUSIP NO. 45061100 13D Page 13 of 19 pages indirect ownership of Portshire Corp., beneficially owns 410,000 shares of Common Stock. CED Pension Plan beneficially owns 100,000 shares of Common Stock. A committee makes investment decisions for CED Pension Plan. Any two members of such committee can make decisions for CED Pension Plan. Two of the members on CED Pension Plan's investment committee also make investment decisions for Edmundson International and Lincolnshire Associates, and therefore indirectly, for CED. The directors and executive officers of CED have no agreement or understanding of any kind with the members of CED Pension Plan's investment committee regarding the holding, voting or disposition of the Common Stock. Such individuals did, however, collectively cause the Reporting Persons to acquire the shares of Common Stock that are the subject of this Statement. Given the overlaps between the individuals involved in investment decisions for CED and these same individuals' membership on the investment committee of CED Pension Plan, it is likely that these individuals may cause the Reporting Persons to act in concert regarding such actions in the future. As such, the Reporting Persons, although disclaiming membership in a group, have nonetheless filed this Statement on Schedule 13D. Item 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 7 (1). Agreement with Respect to Schedule 13D. CUSIP NO. 45061100 13D Page 14 of 19 pages SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: October 19, 1998 Edmundson International, Inc. By: /s/ David C. Verbeck -------------------------- Its: Secretary -------------------------- CUSIP NO. 45061100 13D Page 15 of 19 pages LIST OF EXHIBITS Exhibit No. Description Page - ----------- ----------- ---- 7(1) Agreement with Respect to Schedule 13D. 19 CUSIP NO. 45061100 13D Page 16 of 19 pages SCHEDULE 1 TO SCHEDULE 13D Edmundson International, Inc. DIRECTORS AND EXECUTIVE OFFICERS - -------------------------------------------------------------------------------- Present Principal Name and Business Address Title Occupation or Employment - ------------------------- ----- ------------------------ - -------------------------------------------------------------------------------- K. W. Colburn Director Business Executive 555 Skokie Blvd., Suite 555 President Northbrook, IL 60062 - -------------------------------------------------------------------------------- R. W. Colburn Director Business Executive 555 Skokie Blvd., Suite 555 Northbrook, IL 60062 - -------------------------------------------------------------------------------- D. C. Verbeck Director Tax Director of CED 31356 Via Colinas Secratary Westlake Village, CA 91362 - -------------------------------------------------------------------------------- J. D. Parish Vice President & CFO Treasurer of CED 31356 Via Colinas Westlake Village, CA 91362 - -------------------------------------------------------------------------------- T. A. Lullo Vice President Vice President of CED 31356 Via Colinas Westlake Village, CA 91362 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- CUSIP NO. 45061100 13D Page 17 of 19 pages SCHEDULE 2 TO SCHEDULE 13D Consolidated Electrical Distributors, Inc. DIRECTORS AND EXECUTIVE OFFICERS - -------------------------------------------------------------------------------- Present Principal Name and Business Address Title Occupation or Employment - ------------------------- ----- ------------------------ - -------------------------------------------------------------------------------- K. W. Colburn Director Business Executive 555 Skokie Blvd., Suite 555 Northbrook, IL 60062 - -------------------------------------------------------------------------------- R. W. Colburn Director Business Executive 555 Skokie Blvd., Suite 555 Northbrook, IL 60062 - -------------------------------------------------------------------------------- C. C. Hogel Director Business Executive 555 Skokie Blvd., Suite 555 Northbrook, IL 60062 - -------------------------------------------------------------------------------- A. Monis, Jr. Director Chairman of the Board 31356 Via Colinas Chairman of the Board Westlake Village, CA 91362 - -------------------------------------------------------------------------------- S. S. Graham Director Vice Chairman 31356 Via Colinas Vice Chairman Westlake Village, CA 91362 - -------------------------------------------------------------------------------- H. D. Bursch President President 31356 Via Colinas Westlake Village, CA 91362 - -------------------------------------------------------------------------------- T. A. Lullo Vice President Vice President 31356 Via Colinas Westlake Village, CA 91362 - -------------------------------------------------------------------------------- J. D. Parish Treasurer Treasurer 31356 Via Colinas Westlake Village, CA 91362 - -------------------------------------------------------------------------------- P. J. Savasta Vice President Vice President 31356 Via Colinas Westlake Village, CA 91362 - -------------------------------------------------------------------------------- R. H. Swan Vice President Vice President 31356 Via Colinas Westlake Village, CA 91362 - -------------------------------------------------------------------------------- D. M. Williams Vice President Vice President 31356 Via Colinas Westlake Village, CA 91362 - -------------------------------------------------------------------------------- D. C. Verbeck Secretary Tax Director 31356 Via Colinas Westlake Village, CA 91362 - -------------------------------------------------------------------------------- CUSIP NO. 45061100 13D Page 18 of 19 pages SCHEDULE 3 TO SCHEDULE 13D Portshire Corp. DIRECTORS AND EXECUTIVE OFFICERS - -------------------------------------------------------------------------------- Present Principal Name and Business Address Title Occupation or Employment - ------------------------- ----- ------------------------ - -------------------------------------------------------------------------------- D. D. Colburn Director Business Executive 555 Skokie Blvd., Suite 555 President Northbrook, IL 60062 - -------------------------------------------------------------------------------- D. C. Vebeck Director Tax Director of CED 31356 Via Colinas Vice President & Secretary Westlake Village, CA 91362 - -------------------------------------------------------------------------------- D. D. Dunham Vice President & Treasurer Vice President 2550 Midway Road, Suite 220 Carrollton, TX 75006 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- EX-7.(1) 2 EXHIBIT 7(1) CUSIP NO. 45061100 13D Page 19 of 19 pages EXHIBIT 7(1) AGREEMENT WITH RESPECT TO SCHEDULE 13D The undersigned hereby agree that any Statement on Schedule 13D to be filed with the Securities and Exchange Commission by any of the undersigned, including any amendment thereto, with respect to securities of Industrial Distribution Group, Inc., a Delaware corporation, may be filed by Edmundson International, Inc. on behalf of all of the undersigned. IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed in counterparts by their duly authorized signatories as of the 16th day of October, 1998. Consolidated Electrical Distributors, Inc. By: /s/ Thomas A. Lullo ------------------------------------- Its: Vice President ------------------------------------- Lincolnshire Associates. By: Its General Partner Portshire Corp. By: /s/ David C. Verbeck -------------------------------- Its: Vice President -------------------------------- Portshire Corp. By: /s/ David C. Verbeck ------------------------------------- Its: Vice President ------------------------------------- Edmundson International, Inc. By: /s/ John D. Parish ------------------------------------- Its: Vice President ------------------------------------- Employees' Retirement Plan of Consolidated Electrical Distributors, Inc. By: /s/ Thomas A. Lullo -------------------------------- on behalf and as a member of the Retirement Committee of Consolidated Electrical Distributors, Inc. -----END PRIVACY-ENHANCED MESSAGE-----