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Industry News
Odyssey Investment Partners has taken a majority stake in packaged gas distribution platform Falcon Gases, which simultaneously acquired Southern California-based Encore Gas & Supply as its first acquisition.
A Federal Reserve Bank of Atlanta survey found that most companies receiving tariff refunds expect to retain at least some of the money as cash, though more than half also plan to direct a portion toward R&D or capital investments. We detail the findings here.
The deal combines R&B Wholesale’s western U.S. appliance distribution footprint with Grand Appliance’s Midwest retail and distribution network, about 17 months after Platinum Equity invested in R&B.
The deal adds Syracuse Thermal’s HVAC, plumbing and hydronic heating capabilities in Central New York to Cummins-Wagner’s expanding regional operations.
The new hire joins Meritus to lead enterprise AI initiatives spanning use-case development, governance, security and training as the industrial gases and welding supplies distributor continues to expand through acquisitions.
World Electric, a Sonepar company, opened a new branch in Port St. Lucie, FL, with and plans for more in the state.
Robert Madden Industries acquired Shore Distributors, expanding RMI's service footprint into Maryland, Delaware and Virginia.
Manufacturing output fell month-over-month following a July increase, mining ticked up, while the index for utilities jumped on electrical. Get all the key figures here.
MROP distributor Stellar said the outside investment will provide long-term capital and operational resources while preserving the company’s leadership team, customer-focused culture and strategic direction.
APP serves more than 1,800 customers and operates warehouses and sales offices across the U.S.
Amazon is investing more than $1.5 billion to raise pay for its U.S. core operations workforce, increasing minimum starting pay to $20 per hour while adding new grocery discounts and financial benefits.
U.S. housing starts edged lower in August as a sharp decline in multifamily construction offset a rebound in single-family activity. Building permits and completions also declined from July, while permits remained above year ago levels. Get the key figures here.
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