Acquisitions Power Distribution Solutions Group 3Q Growth as Organic Slides
Fort Worth, TX-based Distribution Solutions Group reported its 2024 third quarter financial results on Oct. 30, which showed annual sales growth that was essentially entirely driven by acquisitions....
View ArticleParker Hannifin Posts Modest 1Q Sales Growth as Profit Jumps
Motion and control technologies manufacturer Parker Hannifin reported its 2025 first quarter financial results on Oct. 31, which showed company record sales and a subsequent raised outlook for...
View ArticlePREMIUM & NAW EXCLUSIVE: MDM’s 4Q Snapshot Webcast Now Available
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password?NAW Member? Click here to log-inThe post PREMIUM &...
View ArticleOctober M&A Recap: Another Solid Month of Activity
Industrial distribution dealmaking activity posted another strong month in October 2024, with transaction volume increasing from September’s total of 26 acquisitions. MDM reported on 30 transactions —...
View ArticleCardinal Health Sales Fall on Optimum Departure
Pharmaceuticals healthcare supplies distributor Cardinal Health reported its 2025 first quarter financial results on Nov. 1, showing a decrease in sales driven by the departure of a major customer...
View ArticleAD’s Nine-Month Member Sales Up 6% to Record Figure
Contractor and industrial supplies buying group AD reported that its member sales in the first nine months of 2024 increased 6% to a record $61 billion in its 14 divisions and three countries. Wayne,...
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Manufacturing PMI Hits Lowest Mark in 15 Months
The Institute for Supply Management released its monthly manufacturing Purchasing Managers Index (PMI) on Nov. 1 reflecting October activity, which showed weaker results following a flat September. The...
View ArticleWesco to Buy Data Center Facility Management Servicer for $185M
Pittsburgh, PA-based electrical supplies distributor Wesco entered into an agreement to acquire Ascent LLC for $185 million. The news comes a day after Wesco reported its 3Q24 financial results....
View ArticleMetalformers’ Outlook Dims Amid Lower Shipment Levels
The economic activity forecast from manufacturers of metalformed products has lowered, following an outlook of stability. There has been a drop in shipping levels as metalformers are more cautious,...
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Marcone Group Appoints New CEO, Adds Texas DC
Kitchen appliances, HVAC, plumbing and pool & spa parts and equipment distributor Marcone Group appointed Asterios Satrazemis as President and CEO, effective Sept. 30. Satrazemis succeeds Avichal...
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U.S. Construction Spending Edged Higher in September
Total U.S. construction spending had a modest increase for a second straight month in September, according to figures shared Nov. 1 by the U.S. Census Bureau. Spending in September was estimated at a...
View ArticleTechnology Roadmap Best Practices for Wholesale Distributors
As distributors grapple with profit erosion, workforce shortages, disintermediation and economic uncertainty, many are finding that their day-to-day operations are strained, and their growth...
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White Cap Acquires Valley Supply in PA
Construction and industrial supplies distributor White Cap acquired Valley Supply, Inc. Terms of the transaction were not disclosed. Mechanicsburg, PA-based Valley Supply is a distributor of concrete...
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PTDA Adds 1 Distributor, 1 Manufacturer to Membership
The Power Transmission Distributors Association (PTDA) added A&M Supply Inc. and Helix Linear Technologies as new distributor and manufacturer members, respectively. Distributor A&M Supply Inc....
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NEFCO Makes Midwest Splash, Acquires Total Tool Supply in MN
Construction and contractor supplies distributor NEFCO has significantly expanded in a big way, announcing the acquisition Total Tool Supply (Total Tool). Terms of the transaction were not disclosed....
View ArticleWomack is Now Evolution Motion Solutions
Hydraulic, electromechanical and pneumatic technologies distributor group Womack and its subsidiaries Womack Machine Supply and Morrell Group have rebranded as Evolution Motion Solutions (Evolution)....
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September Factory Orders Slide Again
U.S. Census Bureau data released Nov. 4 showed that new orders of manufactured goods — down four of the past five months — decreased 0.5% month-to-month during September to $584.2 billion, following a...
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Using AI in Your Day-to-Day: A Board Director’s Guide
Editor’s Note: This article is republished with permission from its original version on Private Company Director. In boardrooms everywhere, the conversation around AI is heating up. We’ve seen...
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Imperial Dade Acquires California Janitorial Supply Corp.
Foodservice, packaging supplies, industrial products and janitorial supplies distribution Imperial Dade acquired California Janitorial Supply Co. Terms of the transaction were not disclosed. This is...
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OX Tools Acquires Tracer Tools in U.K.
New South Wales, Australia-based hand tools, diamond tools and safety products supplier OX Tools acquired Tracer Tools from England-based ROYD Tool Group UK. Terms of the transaction were not...
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