Miami-based Watsco has added Acme Refrigeration, whose 2020 revenues were $60 million, to its portfolio.
Eric Smith
Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
Posts By Eric Smith
SiteOne Landscape Supply, the Georgia-based distributor of landscape supplies, has added California-based distributor Rock & Black Hardscape Supply to its portfolio.
Addition of Missouri-based distributor will give SRS better coverage throughout Missouri and Arkansas.
Addition of John’s Lumber will benefit Builders FirstSource’s operations through the state of Michigan.
A litany of disruptions has turned into a game of whack-a-mole, with distributors doing what they can to manage the current glut of supply chain issues.
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The construction sector consolidated at a rapid rate amid COVID-19 and shows no sign of stopping.
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The MRO and industrial distributor DXP Enterprises Inc. did post a small profit in the quarter as the company continues to see challenges stemming from COVID-19.
Ever since completing the $4.5 billion acquisition of Anixter International Inc. almost a year ago, WESCO has benefited from favorable comps, which was again the case in 1Q.
Deal will expand PrimeSource’s portfolio of specialty residential building products.
Year to date, Hillenbrand has seen sales grow 16.4% to $1.4 billion.
In the period, the company also reported a profit of $69.6 billion, up from a loss of $11.3 million in the year-ago quarter.
Landscape supply distributor SiteOne Landscape Supply Inc. also posted a profit of $7.4 million, up from a loss last year.
NOW Inc., which reported a loss of $10 million for the quarter, saw sales sink 40.2% in 1Q.
Systemax, the parent of Global Industrial, also reported first-quarter profit fell 33.7% to $5.5 million.
M&A activity continued to slow in April, but the landscape remains conducive for accelerating consolidation.
The addition of Carter & Verplanck will help DXP create a platform to scale its national water and wastewater efforts.
SiteOne announced its second acquisition of the month and fourth of 2021 by adding Melrose Irrigation Supply and Sales to its portfolio.
Specialty building materials distributor US LBM Holdings expands presence in Texas and Oklahoma.
Landscape distributor adds Twin Cities company Timberwall Landscape & Masonry Products to its portfolio.
Newest addition to Atlas Copco’s portfolio is the majority share of Eco Steam and Heating Solutions, an industrial steam and hot water boiler company located in the Netherlands.
