The transaction is the 49th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, the company said.
Posts By Mark Powell
During a recent podcast, Summit Electric’s Sheila Hernandez and MDM’s Tom Gale talk about the evolution of marketing in electrical distribution, as well as how having the right analytics is just half the battle when moving a company forward.
The automotive aftermarket supply company announced it has hired David Ward as director of supply chain.
The pneumatic and hydraulic accessories company acquired the manufacturer of hose, piping expansion joints, cut rubber and gasket products.
The plan is part of a $206 million investment by the company, according to the state’s Economic Development Corp.
Houston-based ISS reaches a deal to obtain full ownership of the electromechanical service provider serving South Texas.
The company says William A. Burke III has been named senior vice president and president of North American Hand Tools.
The family-owned industrial distributor acquired the Inpro/Seal product line and territory from A-Team Industrial Products.
Tom Podsiadlik, the newest Dakota Supply Group regional general manager, will be responsible for leading all seven branches in Michigan.
Pietro Satriano is stepping down as US Foods CEO, while first-quarter net sales increase 23.9% to $7.8 billion.
The company broke ground on a new manufacturing site in Eschbach and announced plans to build its third European logistics center in Bernburg.
CEO Kevin Murphy said the listing structure is now ‘fully aligned with our operations and location of our team.’
The distributor said it acquired the assets of T&R, a full-service heavy duty repair business based in Bath, New York.
An annualized growth rate of 10.6% accelerated across industrial and construction distributors during the first three months of 2022.
New South Construction Supply said an agreement to acquire American Contractor’s Supply has been dissolved.
The distributor reported 2022 first-quarter net sales of $5.7 billion, while net income grew 270.6% to $639.6 million.
Sales for the quarter were $319.4 million, compared to $245.6 million for 1Q 2021 and $293.1 million for 4Q 2021.
The distributor reported 2022 first-quarter gross profit of $136 million, compared to $103 million during the same quarter in 2021.
The company says 2022 first-quarter revenue was $3.1 billion and net income from continuing operations attributable to Fluor was $48 million.
The Colorado-based company named Sean J. Kerins president and CEO and posted 1Q sales of more than $9 billion.
