Clik here to view.
QXO Adds Former Target Exec as Chief AI Officer
Building materials distributor and technology platform QXO appointed Ashwin Rao as its Chief AI Officer, effective immediately. Rao has over 30 years of experience as an innovation leader, combining...
View ArticleADI Global Distribution 3Q Sales Jump on Snap One Deal
Smart home products manufacturer and distributor Resideo Technologies reported its 2024 third quarter financial results on Nov. 7, showing an increase in sales year-over-year and sequentially. Resideo...
View ArticleWesco’s Core Business Transformation Strategy, from its CEO
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 Wesco’s Core...
View ArticleRS’ Americas First-Half Sales Down 5%
London-based electrical supplies distributor RS Group reported its 2024/25 half year financial results on Nov. 7, showing a decline in sales year-over-year for its Americas segment. For its first half...
View ArticleClik here to view.
Sonepar’s Springfield Electric Appoints New Sales Leader
Electrical supplies distributor Springfield Electric Supply Company — a subsidiary of Sonepar — appointed Willie Collier to Senior Vice President of Sales. In his new role, Collier will oversee the...
View ArticleClik here to view.
DXP Acquires Manufacturers Rep, Vacuum Pumps Supplier
Houston-based pumping solutions and industrial supplies distributor DXP Enterprises acquired Burt Gurney & Associates (BGA) and MaxVac, Inc. Terms of the transactions were not disclosed, but DXP...
View ArticleClik here to view.
DXP Acquires Manufacturers Rep, Vacuum Pumps Supplier
Houston-based pumping solutions and industrial supplies distributor DXP Enterprises acquired Burt Gurney & Associates (BGA) and MaxVac, Inc. Terms of the transactions were not disclosed, but DXP...
View ArticleHow Watsco Drives Growth with a Tech-First Mindset
The final leg of this three-part series examines the HVACR supplier’s perception of being a technology company that happens to distribute products, and how it’s followed through on it. The post How...
View ArticleClik here to view.
Former Anixter Exec Joins CD&R as Operating Advisor
Private investment firm Clayton, Dubilier & Rice — which has been behind some of the biggest distribution M&A deals over the past decade — has added an industry veteran to its advisement staff....
View ArticleClik here to view.
White Cap Acquires TOOFast Supply in Nebraska
Construction and industrial supplies distributor White Cap acquired TOOFast Supply. Terms of the transaction were not disclosed. Nebraska-based TOOFast Supply is a supplier of professional grade tools...
View ArticleClik here to view.
Grove Mountain Partners Launches Plumbing & HVAC Supplier Hills Distribution
Grove Mountain Partners appointed Ronald LaBusch to CEO of newly-launched plumbing and HVAC equipment distributor Hills Distribution. Ronald LaBusch Alongside the appointment, Grove Mountain Partners...
View ArticleClik here to view.
Resideo to Have New CEO & Chairman in 2025
Smart home products distributor and manufacturer Resideo Technologies announced that President and CEO Jay Geldmacher will retire from his executive and board roles in 2025. Geldmacher will remain in...
View ArticleClik here to view.
Activist Investor Takes $5B Stake in Honeywell, Calls for Split
Activist investor Elliot Investment Management invested more than $5 billion in Honeywell International and is calling for the company to split into two separate companies. In a letter to Honeywell...
View ArticleClik here to view.
ISA Adds New Education Director
The Industrial Supply Association (ISA) appointed Ashely Wade to Director of Education. In her new role, ISA said Wade will lead the organization’s efforts to provide high-quality education and...
View ArticleProkeep Raises $25M Funding to Accelerate Growth
Communication and engagement platform for distributors Prokeep raised $25 million in Series A funding. Led by San Francisco-based Dahlia Equity Partners, the investment was also supported by Ventures,...
View ArticleEndries Expands Southward, Acquires Assembly Fasteners
Fasteners distributor Endries International acquired Assembly Fasteners, Inc. (AFI). Terms of the transaction were not disclosed. Apopka, FL-based AFI is a distributor of latches, fasteners and...
View ArticleClik here to view.
Sonepar: 2024 Deals Add $2B in Revenue
Electrical supplies distributor Sonepar acquired seven North American companies in 2024, adding more than $2 billion in revenue, approximately 1,700 new associates and 89 additional branches, the...
View ArticleClik here to view.
Sandvik Coromant Appoints Marketing Leader
Metal cutting tools manufacturer Sandvik Coromant appointed Thomas Henry Vice President of Marketing for the Americas, effective Nov. 4. Thomas Henry With more than 25 years of experience in...
View ArticleContinuum Nets $4M in Investment Round
Reverse logistics software provider catering to distributors and manufacturers Continuum raised $4.1 million in a seed investment round. Cowboy Ventures led the investment, with participation from M25,...
View ArticleJudge Strikes Down Biden Overtime Rule
A Texas federal judge overturned a U.S. Department of Labor rule that would have extended overtime eligibility to four million additional workers. U.S. District Judge Sean Jordan said the U.S....
View Article