With the dust settled on the merger of Lawson Products, TestEquity and GexPro Services to form Distribution Solutions Group, it’s time for a then-and-now investigation. LKCM Headwater Investment’s Brad Wallace — a DSG board member who helped spearhead that transaction — joins to discuss the rationale behind the company’s creation, what’s ahead for DSG and why distribution is so attractive for PE investment.
Podcasts
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As one of the most recognizable figures in industrial distribution, Mike DeCata joins to reflect on his career in the channel, of which the first 18 years were spent at General Electric and the last 10 at Lawson Products. We cover what he misses about day-to-day CEO life (and what he doesn’t); the biggest changes in the industry in his tenure; what he’s most proud of; and what he’s keeping an eye on today.
MRO parts distributor Kimball Midwest isn’t slowing down upon achieving 100 years in business. President Patrick McCurdy III stops by to discuss the company’s training and development efforts, digital initiatives and business performance so far in 2023.
Mike Hockett asks Consight Marketing Group’s Alan Hale about what grinds his gears in distribution marketing, and it’s a lot. Their discussion covers how marketing is a point of channel conflict, and how the situation can be improved. They also explore social media do’s and don’ts, as well as the vital role of customer insights.
Mike Hockett interviews a handful of industry executives at NAHAD’s recent 2023 Convention in the Bahamas. Amid the tropical weather and island vibes, attendees were happy to discuss the the state of industry demand and give updates on the labor and supply chain situation.
The industry is in a disruptive business model revolution with traditional (gen-one) distributors threatened by new competitors with radically different financial and go-to-market models. IRCG’s Mike Marks shares thoughts on how distributors can build a next-generation distributor that can grow profitably and take share from the new competitors.
Customers are experiencing price increase fatigue and looking for new ways to reduce costs in their operations. James Dorn shares thoughts on how distributors can manage their manufacturer suppliers more strategically to protect margins going forward as supply chains normalize.
Mike Hockett interviewed a handful of industry executives on the expo floor of ISA23 in Phoenix, where a focus on networking events was the talk of the show. The resulting series of brief interviews also touched what those are hearing on the product demand front, supply chain and labor situation.
This week Tom Gale and IRCG’s Mike Marks debrief on the Industrial Supply Association Summit, with a deeper discussion on what’s new for 2023 as more distributors engage in transforming sales processes and go-to-market models. Key question: What year will inside sales outnumber outside sales industrywide?
Katie Poehling Seymour might be the busiest executive in distribution. But she made time to stop by and discuss her path to leading family-owned First Supply, the progress on women’s representation in distribution and why “this is distribution’s moment.”
One quarter through 2023 the pricing pendulum appears to be reversing with volume moderating across most distribution sectors. Dorn Group’s James Dorn and Tom Gale discuss sell-side, buy-side and program improvements distributors can make in this year’s environment of contraction to protect and improve profit.
CEO Jeff Crane joins to discuss a year of change for ERIKS North America, which divested from ERIKS NV in early 2022. We discus the company’s new-look leadership team, a recent acquisition and how the company is looking to grow as standalone entity.
Great ideas sometimes turn into train wrecks. No company bats 100% when it comes to initiatives or projects. But too often management is reluctant to admit a mistake, holding out hope that a positive outcome might be salvageable. In this week’s Quicktake, Indian River Consulting Group’s Mike Marks outlines strategies for minimizing damage and creating best possible outcomes.
We chat with The Master Group President Neil McDougall about the Quebec, Canada-based HVACR distributor’s recent growth and greater North American expansion roadmap, as well as how product demand and the labor situation compares between Canada and the U.S.
In the distribution sector, there’s arguably no bigger champion for the skilled trades than Andrew Brown, who founded eCommerce-based industrial distributor Toolfetch in 2002. This episode dispels misconceptions about the skilled trades, why Brown is so passionate about supporting them and how they tie in with distribution.
Sponsored by White Cup
GPT-4 released this week and with it another wave of hype, hope and hysteria over the ways artificial intelligence, search and chatbot technologies will change our world. Indian River Consulting Group’s Mike Marks joins Tom Gale to examine the impacts and implications for distributors.
Leadership teams have several options for increasing long-term enterprise value. This week Dorn Group’s James Dorn and Tom Gale recap some of the key themes from MDM’s recent Distribution M&A Summit and outline the most pertinent areas of improvement for EBITDA margin, growth and value.
We are in the midst of profound industry structural changes for how distributors create profit and remain competitive. MDM’s Tom Gale and IRCG’s Mike Marks discuss three things – talent inertia, artificial intelligence and culture – that are defining the competitive landscape of 2023.
Mike Hockett chats with Terry Albrecht, who has been led Green Bay, Wisconsin-based Packer Fastener since co-founding the company when he was 22. They discuss how the distributor’s culture and unconventional hiring and retention practices have worked wonders.
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