Mike Power's addition to ARG Industrial's C-suite puts digital transformation at the core of the hose product distributor's business.
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It’s the distribution group’s first acquisition since it was formed by Trive Capital at the end of 2023.
By the number of deals tracked, it was another average month and a deceleration from a frenzy of M&A news in December & January.
The company's largest segment saw organic sales fall 1.5% in the Americas, though operating profit saw a healthy improvement.
The company also is acquiring a 13-branch distributor in France.
Two automotive parts makers have merged to diversify the customer base for their precision machined parts and flow- and cold-formed products.
The distributor’s organic sales topped expectations and the company continues to grow its automation presence.
David Hine joins the absorbents maker after more than 14 years at von Drehle Corp.
The HVACR distribution giant also detailed its ongoing technology transformation.
The rule is set to increase the current salary threshold for overtime pay exemption by 65% at the start of 2025.
The rule will go into effect 120 days after entered into the Federal Register, though it's expected to meet stern legal opposition.
The moves are across the distributor’s locations in Florida and Georgia.
Originally announced this past July, the deal was valued at $960 million.
Two VPs from fasteners distributor and manufacturer Optimas Solutions discuss personally-vetted supply chain management strategies for OEMs.
The deal was originally announced on September 14, 2023.
We analyze the qualitative results of our 1Q24 Baird-MDM Distribution Survey question that asked distributors about current or expected impacts from geopolitical issues.
A potential transaction would likely be a merger of Bentley with Schneider's software business and be valued at over $15 billion.
BlackHawk Industrial accelerates expansion efforts with two key additions to its national supply chain solutions vending operations.
Wisconsin-based tool manufacturer Snap-on posted 1Q24 sales of $1.18 million, a modest organic sales decline.
