Global Industrial Appoints New CEO
Industrial and MRO supplies distributor Global Industrial has tapped Anesa Chaibi as its next CEO. Effective Feb. 17, Chaibi will take over the post from Richard Leeds, who stepped into the role on an...
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Home Appliances Distributor R&B Wholesale Privately Acquired
Private equity firm Platinum Equity announced a significant investment in home appliance distributor R&B Wholesale Distributors. Financial terms of the transaction were not disclosed....
View ArticleAdhesives Maker H.B. Fuller to Slash Production, Warehousing Footprint
Adhesives manufacturer H.B. Fuller is preparing to undergo a significant global footprint reduction for both production and warehousing. Alongside reporting its 2024 financial results on Jan. 15, the...
View ArticleTrump to Impose 25% Tariffs on Steel, Aluminum
President Donald Trump is expected to impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico. On Feb. 9 aboard Air Force One en route to attending Super Bowl XIL in New...
View ArticleWesco 4Q Organic Sales Improve, Margin Dips
Electrical supplies distributor Wesco reported its 2024 fourth quarter and full-year financial results on Feb. 11, which showed a slight increase in sales during 4Q, but a modest annual decline. 4Q...
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Relevant Industrial Expands South, Acquires Controlled Fluids
Instrumentation and automation, rotating equipment, valve, purification and thermal equipment distributor Relevant Industrial acquired Controlled Fluids, Inc. (CFI). Terms of the transaction were not...
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MRO Distributor Airsupply Jeyco Acquired by Buyout Firm Tide Rock
San Diego, CA-based military and aerospace-oriented MRO distributor Airsupply Jeyco was acquired by buyout firm Tide Rock. Terms of the transaction were not disclosed. MDM’s 4Q24 M&A Report (store...
View ArticleMDM to Deliver AI Insights in Free Virtual Summit on March 12
Amid the world of possibilities that the ramp-up of AI-infused technologies offers, I’m glad that wholesale distribution has already progressed past the apex of the AI hype cycle. There’s no official...
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Access Control Distributor AlarMax Appoints President
Security, fire, access control, AV and surveillance solutions wholesale distributor AlarMax Distributors, Inc. appointed Scott Shelander as its President. Scott Shelander Shelander has over 27 years of...
View ArticleColumbus McKinnon to Buy Kito Crosby in $2.7B Deal
Getzville, NY-based motion technology manufacturer Columbus McKinnon Corp. agreed to acquire Kito Crosby Limited in an all-cash deal worth $2.7 billion. Expected to be completed later in 2025, CM has...
View ArticleMotion to Acquire Thompson Industrial Supply in SoCal
MRO replacement parts distributor Motion agreed to acquire the operating assets of Thompson Industrial Supply, Inc. Terms were not disclosed, but the transaction is expected to close by the end of...
View ArticleQXO Unveils Slate of Directors to Replace Beacon’s, Gains Antitrust Clearance
As it pursues an acquisition of specialty building materials distributors Beacon Roofing Supply, QXO upped the ante on Feb. 12 by stating its full slate of nominees that would replace Beacon’s current...
View ArticleRexel North America Sales Continue to Outpace Overall Growth
France-based electrical products distributor Rexel reported its 2024 fourth quarter and full-year results on Feb. 12, showing an increase in sales mainly driven by the U.S. and Canada, offset by...
View ArticleDNOW Sees Sequential Margin & EBITDA Growth in 4Q
Houston-based oilfield and PVF products distributor DNOW reported its 2024 fourth quarter and full-year financial results on Feb. 13, showing an increase in U.S. and Canada sales year-over-year, while...
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R.S. Hughes Appoints New Chief Supply Chain Officer and VP of Marketing
Industrial and safety supplies distributor R.S. Hughes appointed Sergio Grimaldo as Chief Supply Chain Officer and Jessica Sardina as Vice President of Marketing. Both started their roles in early...
View ArticleResearch: Distributors Likely to Shift Sourcing Domestically Within 3 Years
Of the 4Q24 Baird-MDM Industrial Distribution Survey respondents who indicated they were likely to shift their sourcing, many cited tariffs as a key factor. The post Research: Distributors Likely to...
View ArticleRepublic Companies, T.F. Ehrhart Merge to Expand HVAC and Electrical...
HVAC distributors Republic Companies and T.F. Ehrhart announced on Feb. 14 that the companies have merged to enhance service offerings and strengthen its market position. Terms of the transaction were...
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Spray Foam Equipment Supplier SprayEZ Privately Acquired
Spray foam insulation rigs and supplies manufacturer, assembler and distributor SprayEZ was acquired by private equity firm Roebling Capital Partners. Terms of the transaction were not disclosed. See...
View ArticleWatsco 4Q Sales Rise, Margin Expands
Miami-based Watsco — one of North America’s largest HVACR distributor — reported its 2024 fourth quarter and full-year financial results on Feb. 18, showing an increase in its 4Q HVAC equipment and...
View ArticleMotion 4Q U.S. Sales Down, Margin Declines
Genuine Parts Company reported its 2024 fourth quarter and full-year financial results on Feb. 18, which showed an increase in year-over-year sales that was supported by acquisitions and a favorable...
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