February 3, 2008 - Modern Distribution Management

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February 3, 2008

DXP Enterprises Acquires Rocky Mtn. Supply

Finance, Free, Mergers & Acquisitions, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors /

DXP Enterprises, Inc. has acquired Rocky Mtn. Supply, Inc., a distributor of bearings, power transmission, belting, industrial and hydraulic hose, and industrial supplies. The business is headquartered in Greeley, CO, and operates out of six locations in Colorado serving the Rocky Mountain States.
 
DXP paid $4.6 million.
 
The unaudited sales and estimated EBITDA for the acquired business for the 12 months ending Dec. 31, 2007, were $13.6 million and $1.4 million, respectively. …

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HD Supply: Watsco Deal Falls Through

Building Materials/Construction, Companies, Finance, Free, HVACR, Mergers & Acquisitions, News, Plumbing Products & PVF Distribution, Subscriber Only, Top Distributor Sectors /

HD Supply, Orlando, FL, will not move forward with its deal to sell its HVAC business to Watsco, Coconut Grove, FL, HD Supply spokeswoman Erica Crosling confirmed to MDM.
 

The potential sales of the HVAC business to Watsco was always dependent up on a transaction that was beneficial for our customers and associates, and maximized value for the company,” Crosling said. “After carefully weighing the options and taking these concerns into consideration, we have decided to retain and grow our HVAC business.”
 
Watsco had signed a letter of intent to buy the HD Supply branches that sell Rheem.
 
HD Supply’s deal with Pro-Build Holdings to buy its lumber and building materials division will go forward. …

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