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The company has completed three acquisitions so far in 2024 and is looking for more.
This is C&B’s seventh acquisition under Platinum Equity’s majority stake ownership.
Core & Main expands into Southeast U.S. with its second announced acquisition in August.
July’s monthly figure decelerated slightly from June.
June total was up 4.3% vs May, but the first half of 2024 still remains down 11% year-over-year.
The industry veteran joins Global with over 20 years of strategy and marketing experience, most recently at Resideo.
The distributor’s recent acquisition of Snap One accounted for $45 million of the company’s 2Q sales of $959 million.
It follows recent announcements from the retailer regarding its positioning and friction between its shareholders and leadership board.
Gross margin and adjusted EBITDA likewise both improved year-over-year.
Jeff Poulos joins the fasteners distributor's executive team.
