December 22, 2008

Titan Machinery Agrees to Buy Western Plains

Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Titan Machinery Inc., Fargo, ND, has agreed to acquire Western Plains Machinery Co., and WP Rentals consisting of nine construction equipment locations in Montana and Wyoming. The acquisition will expand Titan’s footprint into those two states.

In its most recent fiscal year ended December 31, 2007, Western Plains Machinery and WP Rental generated revenues of $48.9 million.

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in North America. The current Titan Machinery network consists of 60 dealerships in North Dakota, South Dakota, Minnesota, Iowa and Nebraska, including two outlet stores. …

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November Housing Starts Dip 18.9%

Building Materials/Construction, Economic Trends, Free, News, Research & Analytics, Subscriber Only, Top Distributor Sectors / MDM Staff

Source: U.S. Census Bureau and the Department of Housing and Urban Development

Privately-owned housing starts in November were at a seasonally adjusted annual rate of 625,000. This is 18.9% below the revised October estimate of 771,000 and is 47% below the revised November 2007 rate of 1,179,000. Single-family housing starts in November were at a rate of 441,000; this is 16.9% below the October figure of 531,000. The November rate for units in buildings with five units or more was 166,000.

Building Permits
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 616,000. This is 15.6% below the revised October rate of 730,000 and is 48.1% below the revised November 2007 estimate of …

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HD Supply White Cap Opens Texas Distribution Center

Companies, Free, News, Subscriber Only / MDM Staff

HD Supply White Cap, Arlington, TX, a distributor of specialty hardware, tools and materials for large and medium-sized professional contractors, has opened a 44,000 square foot distribution center and regional offices located at 400 International Parkway in Arlington, Texas. The facility will improve inventory availability throughout the South Central markets by consolidating all purchasing, receiving and distribution activities for more than 300 vendors. The new distribution center is the final phase of HD Supply White Cap facility consolidation efforts taking place in the South Central region since 2006.

HD Supply White Cap offers products including concrete and masonry tools and accessories, wood and plastics, all trade hand and layout tools, tilt-up …

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December 22, 2008

Titan Machinery Agrees to Buy Western Plains

November Housing Starts Dip 18.9%

HD Supply White Cap Opens Texas Distribution Center

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