Beacon Sells Off Solar Products
The roofing material and building products distributor completed a divestiture of its solar products business in a sale to BayWa r.e.
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2021
What the Infrastructure Bill Means for Distributors
Some distribution sectors will feel stronger tailwinds than others from the Infrastructure Investment and Jobs Act.
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Southwire Acquires OBI
Southwire says the deal will serve as a “foundational element” for the development of digital services beyond utility at its company.
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McNaughton-McKay Closes Caniff Acquisition
The electrical product distributor announced in August it had reached an agreement in principle to acquire Caniff Electric Supply.
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AMETEK Acquires Alphasense
The Pennsylvania manufacturer of electronic instruments and electromechanical devices acquired a provider of gas and particulate sensors.
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US LBM Acquires Pro. Builders Supply
The building materials distributor has acquired Professional Builders Supply, a materials supplier for builders in the Carolinas.
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Oct. Construction Spending Up
Spending during October 2021 was estimated at a seasonally adjusted annual rate of $1.598 trillion, according to the U.S. Census Bureau.
Oct. Construction Spending Up Read More »
November M&A Roundup: Brady IFS, Graybar, US LBM Ink Multiple Deals
November continued an upward trend in mergers and acquisitions seen during the prior month, as well as during this year’s third quarter.
November M&A Roundup: Brady IFS, Graybar, US LBM Ink Multiple Deals Read More »
Platform Raises $16M to ‘Enhance’ Ordering
The e-commerce platform secured funding to improve ordering experiences for distributors servicing restaurants and grocery stores.
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AllPoints Partners with Dormont
The foodservice supplies provider has agreed to a master distributor relationship with a stainless-steel gas connector manufacturer.
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Crescent CEO Named Leader to Watch
Family Business Magazine has named Scott Teerlinck, president and CEO of Illinois-based Crescent Electric Supply, as a “CEO to Watch.”
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Earnest Machine, Gustave A. Larson Embrace Sales Team Restructure
Days are numbered for the traditional inside-outside sales model in distribution, say executives at Earnest Machine and Gustave A. Larson. Here’s how they developed a new integrated approach.
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Forbes: WESCO Among Best Employers
WESCO International Inc. is one of the World’s Best Employers and one of America’s Best Employers for Women, magazine says.
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Interfor to Acquire EACOM
The British Columbia-based lumber company has reached a deal to acquire 100% of the equity interests of EACOM Timber Corporation.
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Deere Fiscal 4Q Improves
Illinois-based Deere & Company reported 2021 fiscal fourth-quarter net income of $1.283 billion, and $5.963 billion for the year.
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Synergy Group Nets Green Award
The Singapore-based company earns an award given to ship managers that go beyond industry standards for safety and environmental performance.
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Wholesale Distribution Revenue Growth Rate Ticks Upward
Some sectors see price increases beyond expected pandemic-related turbulence while job growth levels reflect larger national trend.
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Trade Deficit Shrinks to $82.9B
The international trade deficit was $82.9 billion in October, down $14.1 billion from $97.0 billion in September, the Census Bureau said.
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Real GDP Up Slightly in New 3Q Estimate
Real GDP increased at an annual rate of 2.1% in 2021 3Q, according to the second estimate released by the Bureau of Economic Analysis.
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US LBM to Acquire Barrons
The building materials distributor will acquire Barrons, a provider of lumber and building materials to in the Washington, D.C. area.
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