It gains Offen a strong foothold to continue growing in the Texas and surrounding markets.
Latest In Mergers & Acquisitions
The acquisition of Advanced Industrial Supply is part of a flurry of acquisition activity in recent years to expand into new categories.
Inline Electric Supply adds TVW Electrical Supplies, a distributor of electrical supplies including power distribution products.
Four manufacturing companies will merge to create a single-source provider of full-service manufacturing and fabrication solutions.
Domestic M&A activity across all industries was down again, continuing a sequential downward trend that started during the last three months of 2021.
The deal figures to further boost Fortive's electronic test and measurement offering alongside its Fluke brand.
It's the first expansion for IPG, which launched this past June out of a partnership between chemical distributors ChemSolv and Chemisphere.
It follows the electrical distributor's acquisition of Buford, Georgia-based Electrical Supplies Limited in early August.
The acquisition of plumbing supply company Stearns Supply expands Wiseway Supply's service area into Indiana with one branch.
Sunrise Electric Supply joins Sonepar with over 80 associates, according to a news release announcing the deal.
Vermont-based electrical distributor Green Mountain Electric Supply has made its eighth acquisition in less than three years.
Timken's acquisition of iMECH enables the bearings manufacturer to increase its product breadth and provides cross-selling opportunities.
Pump, compressor and vacuum equipment manufacturer Atlas Copco added three distributors to its compressor business.
FBM's Acquisitions Include A&D Supply, Studs Unlimited, Henrietta Building Supplies and KCI Doors & Hardware.
The announcement comes about nine months after Kito Corp. and Crosby Group merged.
A recent report from Bloomberg stated that the minority stake of US LBM is valued at approximately $7 billion.
The company said it has agreed to be acquired by ShoreView Industries in an all-cash transaction for $13 per share.
The acquisition of foodservice equipment distributor DON will add new capabilities and diversified offerings for Sysco customers.
The $8.2B deal increases Emerson’s end market exposure in discrete markets, which will be Emerson’s second largest industry segment.
