It marks the first transaction for Motion since its landmark $1.2 billion buy of Kaman Distribution Group at the start of 2022.
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For the sixth consecutive year, an intersection in New Jersey topped the list as the worst truck bottleneck in the U.S.
The company has added like foodservice distributors that serve the greater Nashville area and central California.
The industrial LED lighting manufacturer also reported that its 2023 annual revenue fell 12%.
Our 4Q23 M&A report recaps the year that was 2023 in distribution dealmaking alongside a full rundown of every deal we covered in October-December, the latest EBITDA trading multiples and more.
North American full-year sales reached nearly $8.9 billion for a 4.0% annual gain. See our in-depth breakdown of Rexel's financials.
The restructuring includes a voluntary retirement offer and "rationalization and optimization" of certain DCs, stores and other facilities.
Overall 4Q and full year profit spiked on a deferred tax benefit, while sales continued low single-digit annual growth.
Boosting Henkel's MRO offerings, Houston-based Seal for Life has about 650 employees and generated $269 million in 2023 revenue.
Meanwhile, gross margin at Resideo's manufacturing business unit saw solid improvement during 4Q23.
However, lower volume driven by deferred activity in the gas utilities sector didn't stop the company from modest full-year growth.
Watsco's 2023 follows two years of record-setting performances and faces softer comparative market conditions.
While 4Q volume fell in certain verticals, Wesco said it saw growth in industrial, utility, data center and network infrastructure.
In a step toward vertical integration, independent industrial distributor B&D Industrial acquired a Michigan-based gear manufacturer.
It further expands DXP’s offering and capabilities in the water and wastewater markets.
Whitco has about 30 employees across eight locations in Louisiana, Texas, New Mexico, Ohio and Pennsylvania.
Company veteran Jean-Marie Maayoufi now leads sales efforts for WALTER's Allegro Industries brand.
The portable and power products maker has added Macromatic Industrial Controls (Waukesha, WI) and Primax Technologies (Point-Claire, Quebec).
Sonia Timmons has been with Vallen since 2007, with the past 5 years as its VP of Financial Planning Analysis.
Full-year 2023 total sales were $4.73 billion, up 5.3% from 2022.
