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EMCOR to Acquire Miller Electric Company for $865M
Norwalk, CT-based specialty construction services provider EMCOR agreed to acquire Miller Electric Company for $865 million in cash. The transaction is expected to close in the first half of 2025. MDM...
View ArticleEssendant Teams with Rithum on Retail Commerce Fulfillment, Marketplace...
Deerfield, IL-based commercial products distributor and commerce provider Essendant partnered with global commerce solutions provider Rithium. Atlanta, GA-based Rithum enables brands, retailers and...
View ArticleHow Family-Owned Distributors Approach Business Conflict Resolution
Check out this analysis of MDM survey results, which give a snapshot of how the dynamics of family-owned distribution businesses play into decision-making. The post How Family-Owned Distributors...
View ArticleLabeled a Distributor, Amazon Given Hazardous Products Remediation Orders
Six months after designating Amazon as a distributor and liable for recalls of hazardous products sold through the platform, the U.S. government issued a final order outlining remediation plans for...
View ArticleBeacon May Garner Interest from Others, Including Lowe’s
New investment bank analyst commentary suggests QXO will have to increase its current bid for Beacon to fend off alternative suitors, but others say additional are unlikely. The post Beacon May Garner...
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Threadline Products Acquires Former Atlantic Fasteners/Würth Location in NC
Charlotte, NC-based fasteners manufacturer Threadline Products expands its manufacturing and distribution capabilities following the asset acquisition of the former Atlantic Fastener/Würth facility in...
View Article3M Safety & Industrial Sales Accelerate in 4Q
Industrial, commercial and consumer manufacturing conglomerate 3M reported its 2024 fourth quarter and full-year financial results on Jan. 21, showing a modest acceleration in 4Q sales year-over-year,...
View ArticleSupreme Court Sides with Food Distributor in Outside Sales Exemption Dispute
On Jan. 15, the U.S. Supreme Court sided with a Baltimore, MA-based food and beverage distributor in a move that will simplify the process for distributors to prove exemption for outside sales reps...
View ArticleDutch Tools Supplier Sonic Group Acquires North American Distribution Partner
Featured image courtesy of Sonic Group Netherlands-based tools and equipment solutions manufacturer Sonic Group acquired its North American distribution partner, Sonic Tools USA. Terms were not...
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MDM’s Tom Gale Joins Stellar Industrial Supply’s Board of Directors
MRO products distributor and cost savings provider Stellar Industrial Supply has added a significant influx of industry knowledge and perspective to its leadership roster. The company announced Jan. 22...
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Building Controls & Solutions Acquires Control Stop in NC
Dallas-based building controls, automation and gas detection solutions distributor Building Controls & Solutions (BCS) acquired Control Stop. Terms of the transaction were not disclosed. Charlotte,...
View ArticleAmazon Exiting Quebec, to Close 7 Warehouses & Lay Off Nearly 2,000
Amazon announced it will exit Quebec, Canada, closing all warehouses and facilities in the region, resulting in the loss of nearly 2,000 jobs. In an emailed media statement on Jan. 22, Amazon...
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ISM Chair Fiore to Retire in March
The Institute for Supply Management announced the retirement of Timothy Fiore from his position as Chair of ISM’s Manufacturing PMI Panel. Fiore Jeffrey Wincel will succeed Fiore, effective in March....
View ArticleHow Will Trump Tariffs Impact Demand & Margins? Here’s What Distributors Told Us
We analyze the results of our early January survey that polled 350 distributors and manufacturers about their expectations of how tariffs could impact both margins and demand. Along with data, it...
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Fusion Capital Partners Acquires Automation Distributor Tavoron
Industrial automation components, systems and services distributor Tavoron was acquired by private equity firm Fusion Capital Partners. Terms of the transaction were not disclosed. Minnesota-based...
View ArticleQXO Commences $11B Takeover Bid for Beacon
On Jan. 15, QXO — the building materials distribution platform started in late 2023 by Brad Jacobs — confirmed its November offer to buy Beacon Roofing Supply. Beacon verified, later that day, that its...
View ArticleBehind MSC’s Evolution from Spot-Buy to Mission Critical Distributor
Part 2 of this series covers how the metalworking and MRO supplies distributor’s Mission Critical initiative is bearing fruit by transforming the company into a more digitally capable and agile...
View ArticleQXO Puts Ball in Beacon’s Court for Deal, Provides Communication Timeline
Along with its time-sensitive proposal, the building materials distribution platform went into great detail giving a rundown of talks with Beacon since they started this past summer. The post QXO Puts...
View ArticleLeak Repair Solutions Provider Colt Group Acquires RJ Stacey
On-line industrial leak repair solutions The Colt Group acquired RJ Stacey to add additional resources and tools to its customer base. Terms of the transaction were not disclosed. Founded in 1990 and...
View ArticleBeacon Adopts Shareholder Rights Deal to Hold Off QXO
The latest salvo between QXO and Beacon in QXO’s takeover attempt is a defensive move that figures to stymie or at least delay QXO’s hostile bid. Roofing and other building materials distributor Beacon...
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