Backed by Clearlake Capital Group, FloWorks made an acquisition this past August.
Latest In Motion and Flow Control Products
Applied Industrial Technologies continued its strong start to 2023 with an impressive fiscal second quarter.
Expanding Holland’s Gulf Coast reach, it’s the company’s sixth acquisition since a 2019 investment by XPV Water Partners.
After its offers to buy all of SPX Flow were rejected, Ingersoll Rand has instead acquired the company's air treatment business.
The acquisition is MCE's third of 2022 and seventh since 2021.
It expands Valin’s process control and fluid handling portfolio in Southern California and Nevada.
The new facility, located in Queretaro, will focus on exports to the U.S. and Canada.
It marks the second acquisition in 2022 for MCE and its sixth since 2021.
It marks the first acquisition for Tencarva since it was privately-acquired in November 2021.
With production operations in Guadalajara, Mexico, the unit has approximately 600 employees and had 2021 revenues of about $63 million.
Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
The distributor of industrial motion, fluid power, flow control, automation and maintenance supplies had sales that neared $1 billion in the quarter and said April's growth was on a similar trajectory.
MDM’s new report, Markets Forecast, offers quarterly revenue projections for the wholesale distribution industry, plus breakouts for select categories, for the current calendar quarter and the next fiscal year. The inaugural Forecast looks at post-pandemic projections for distributors as a whole, plus specific sectors.
MDM’s quarterly survey in partnership with investment banking firm Baird reveals that distributor revenues decelerated sharply in 2Q but not as bad as feared at the beginning of the pandemic shutdown. One consensus among more than 550 participants: Distributors began rethinking the way they manage talent.
Acquisition gives MFCP its first location in the Bakken Oil Field of North Dakota and Montana.
