After pausing M&A activity back in March due to COVID-19, Ferguson says it has some deals in the pipeline, so it’s only a matter of time before the distributor again starts growing through acquisition.
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
Despite minor blip in global sales, Ferguson’s U.S. revenue grew 2.7% during the fiscal year with underlying trading profit growth of 5.2%.
Ferguson PLC on Tuesday announced the appointment of Bill Brundage as CFO and an executive director, effective November 1.
The addition of AutoCrib further expands Snap-on’s offering of tool control and productivity solutions for critical industries.
Industrial and safety master distributor Alliance Distribution Partners, Gallatin, Tennessee, on Monday announced that Adam Crews has joined the company as vice president of sales.
Swedish manufacturer Atlas Copco announced Monday it has agreed to acquire Perceptron (Nasdaq: PRCP), a publicly traded supplier of automated metrology solutions, for SEK 630 million (US$68.9 million).
Increase of manufactured durable goods is fourth in a row following the double-digit growth in May, high-single-digit growth in June and double-digit growth in July, which had been preceded by two decreases during the height of the coronavirus crisis.
Texas-based building materials distributor SRS expands footprint with acquisitions of two family-owned companies in Washington and Louisiana.
The pandemic didn’t stop Lawson Products from pursuing the largest acquisition in its history. Mike DeCata, president and CEO, and Brian Hoekstra, vice president, mergers and acquisitions, spoke with MDM about the company’s latest deal, how they navigated it during a global pandemic and how their M&A appetite remains strong even amid today’s economic upheaval.
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Latest data shows a 43.2% jump in home sales from the same month a year ago, giving distributors that sell building materials and other construction materials a second straight month good news on this front.
The start of fall has brought some familiar rhythms to the latest batch of economic reports — some good, some bad — and this balance has a familiar feel for wholesale distributors.
Winsupply Inc., Dayton, Ohio, broke ground Wednesday on the future home of the Richard W. Schwartz Center for Innovation, a facility that will also be the new home of Winsupply of Dayton.
Indian River Consulting Group’s weekly PRI for the work week of Sept. 14-18 indicated a sales increase of 4.9% versus the same week in 2019, which is the largest increase outside of a week distorted by a holiday.
Swedish bearings manufacturer SKF said it will pour $39.3 million into expanding and automating processes at the group's factory in Sumter, South Carolina.
Other C-suite moves at Veritiv include the retirement of Mary A. Laschinger, current chairman and CEO, and the appointment of Stephen E. Macadam as chairman of the board.
Paul McDonnell will step down from United Rentals; his duties will be handled by COO Dale Asplund.
Latest Chicago Fed National Activity Index (CFNAI) shows that two of four broad categories of indicators used to construct the index made positive contributions in July, but all four categories decreased from July.
Improve efficiencies, reduce overhead and get paid faster with these eight ways to overhaul your accounts receivable (AR) process — which is always critical but especially so now.
Latest report shows U.S. cutting tool consumption down 8.5% from previous month of June, while year-to-date total is down 21.2% from same period of 2019.
EPTDA — the executive association for industrial distribution distributors and manufacturers across Europe, the Middle East and Africa — this week announced the appointment of its new 2021/22 board of directors and president, effective 1 October 2020.
