It marks White Cap’s fourth acquisition in 2024, all since the start of April.
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The industrial pure wholesaler was launched in 2017, catering to distributors and other resellers.
Year-over-year sales turned positive after a prolonged period of decline, while margins, profit and EBITDA all were down.
Economists had forecasted a monthly gain of 0.3%.
The building materials distributor saw healthy year-over-year and sequential improvements in gross margin.
The rapidly-expanding building products distributor now has more than 60 DCs across the U.S.
Originally announced this past July, the deal was valued at $960 million.
It comes just a week after the construction supplies distributor announced an acquisition in Oklahoma.
We update on where Ferguson is at in its MDC rollout plan that will place smaller distribution centers closer to pro customers in major metro areas.
With the addition of Southwest Fastener in 2023 and now Unicoa, NEFCO is one of the largest local construction supply distributors in Phoenix.
Mike Hockett and Craig Webb break down the key details of the combination, why it makes sense for Home Depot and why this was likely the long-term play for SRS all along.
Mike Hockett analyzes different angles of this $18.25 billion megadeal in building materials distribution and the questions it raises for the markets it touches.
The distributor has added United Roofing Supply Katy, TX and All Canadian Building Products in Surrey, BC.
Building Products distributor Cameron Ashley has added 28 greenfield locations and five acquisitions in the past 5 years.
SBD's Tools & Outdoor segment drove the overall margin improvement, as Industrial dipped slightly.
The value of 2023 total construction was up 7.0% from 2022.
Fourth quarter sales, profits and margins all edged up from a year earlier, and December daily sales topped November's. Get our in-depth breakdown here.
November spending was 0.4% above October's figure, which was revised considerably higher.
Mike Hockett extracts commentary from a panel discussion between STAFDA distributors, manufacturers and rep agents.