<PAGE>
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)
<PAGE>
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
- --------------------------------------------------------------------------------
<PAGE>
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
- --------------------------------------------------------------------------------
<PAGE>
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
- --------------------------------------------------------------------------------
<PAGE>
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
- --------------------------------------------------------------------------------
<PAGE>
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
- --------------------------------------------------------------------------------
<PAGE>
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").
<PAGE>
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.
<PAGE>
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.
<PAGE>
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.
<PAGE>
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.
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Reporting Person No. of Percentage Power to Vote Power to Dispose
Shares of Class Shared Sole Shared Sole
Beneficially
Owned
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
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
- --------------------------------------------------------------------------------------------------------------------
</TABLE>
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:
<PAGE>
CUSIP NO. 45061100 13D Page 12 of 19 pages
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------
Date Purchaser # Shares Price Comm'n Total Funds
Required
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
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
------- -------------
- ---------------------------------------------------------------------------------------------
</TABLE>
(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
<PAGE>
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.
<PAGE>
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
--------------------------
<PAGE>
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
<PAGE>
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
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
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
- --------------------------------------------------------------------------------
<PAGE>
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
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
<PAGE>
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.
