U.S. Ports Union, Operators to Resume Contract Talks in November
In November, the union representing dockworkers at the Gulf and East Coast ports and port operators will resume contract negotiation talks on outstanding issues. Earlier this month, the dockworker’s...
View ArticleMDM’s 3Q MarketPulse, M&A Reports Now Available
MDM’s two latest research reports are now available for Premium members to download and are in the MDM Store for purchase. Our 3Q MarketPulse Report is packed with the results of our quarterly...
View ArticleGlobal Industrial 3Q Sales Slide, but Profit Grows
Industrial and MRO parts distributor Global Industrial Company (GIC) reported its 2024 third quarter financial results on Oct. 29, showing a continued deceleration in sales growth year-over-year, while...
View ArticleAvnet 1Q Sales Fall 11.6% as Margin Slides
Electronic components distributor Avnet reported its 2025 first quarter financial results on Oct. 30, showing that annual sales declined, while the company’s Asia region saw a return to growth. Avnet...
View ArticleSiteOne Landscape Supply 3Q Sales Rise 6%, Organic Dips
Landscape supplies distributor SiteOne Landscape Supply reported its 2024 third quarter financial results on Oct. 30, showing an increase in sales and profit, but a slight decrease in organic sales....
View ArticleBlueLinx 3Q Sales Fall 8%, Margin Dips
Building products distributor BlueLink Holdings reported its 2024 third quarter financial results on Oct. 29, showing volume growth in key product categories but an overall decline in sales and gross...
View ArticleAcquisitions Power Beacon’s 7.6% Sales Growth in 3Q
July-September growth at roofing and building products distributor Beacon was driven predominantly by acquired branches — setting a company record for quarterly sales, according to the company’s Oct....
View ArticleGrainger Posts 4% Organic Growth in 3Q Amid “Slow but Steady Market”
MRO and other industrial supplies distributor Grainger reported its 2024 third quarter financial results on Oct. 31, showing another solid increase in sales. Chicago-based Grainger posted 3Q total...
View ArticleArrow Electronics 3Q Sales Fall 15%
Arrow Electronics reported its 2024 third quarter financial results on Oct. 31, showing a considerable decline in year-over-year sales and net profit. The Centennial, CO-based distributor posted total...
View ArticleWesco Sees Modest 3Q Organic Growth as Margin Grows
Electrical supplies distributor Wesco reported its third quarter financial results on Oct. 31, which showed a slight increase in sales driven by the company’s communications and security solutions...
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Galco Acquires Hydraulics/Pneumatics Distributor in Michigan
Madison Heights, MI-based industrial electronics and automation products distributor Galco Industrial Electronics acquired D.F. Burnham & Company. Terms of the transaction were not disclosed....
View ArticleSKF Selling Pennsylvania Aerospace Supply Unit for $220M
Sweden-based bearings maker SKF is set to divest its south-central Pennsylvania-based ring and seal business unit in a move that helps the company exit non-core aerospace markets. To be sold to Carco...
View ArticleAcquisitions 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 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 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....
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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...
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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