The research giant and consulting firm says the deal will help deepen supply chain transformation capabilities.
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The all-cash transaction will be funded through Greif's existing credit facility and is expected to close by the end of the calendar year
Third-quarter sales reached $904 million, a 7% sequential increase from the second quarter of 2022 and a 32% improvement over 3Q 2021.
In the first quarter and second quarter of 2022, year-over-year growth topped 36.1% and 24.2%, respectively.
Envoy Solutions' deal with the Pennsylvania company continues its M&A momentum one month after acquiring seven companies in Michigan.
Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
Masonite's net income for 2022's third quarter was $57 million, a 51% increase over the same quarter in 2021.
The 75,000-square-foot warehouse will include extensive inventory and broad mix of power tools, safety equipment and general jobsite supplies.
Gene Hahnenberg previously worked at Trane Technologies, where he was most recently Vice President of Direct Materials Procurement.
On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%, according to Associated Builders and Contractors.
Lawson Products changed its name to Distribution Solutions Group after merging with TestEquity Gexpro Services in April.
For the nine-month period ending in September, total revenue was $7.4 billion, up sightly versus the same period last year.
Net income attributable to NOW Inc. was $40 million for 2022's third quarter, the company said in an announcement.
Wesco also closed on a previously reported deal to acquire Rahi Systems Holdings, Inc. for $217 million.
The average annual sales growth for the 12 months through September 2022 is 23.5% percent, HARDI announced.
During the month of October, MDM reported on 28 mergers and acquisitions in the industrial distribution and manufacturing sector. Read about them here.
The construction industry had 422,000 job openings in September, according to an Associated Builders and Contractors’ analysis.
Lowe is expected to continue operating under its current, founder-led management team and will be supported by the Crescent platform.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Stellar said the deal strengthens its presence in the Los Angeles Metro region as well as the state's Central Valley region.
