December 28, 2006

Reliance Steel & Aluminum Co. has agreed to acquire the Encore Group of metals service center companies (Encore Metals, Encore Metals (USA), Inc., Encore Coils, and Team Tube) headquartered in Edmonton, Alberta, Canada. Encore was organized in 2004 in connection with the buyout by management and a private equity fund managed by HSBC Capital (Canada) […]

Diversified industrial manufacturer Eaton Corporation, Cleveland, OH, has agreed to buy AT Holdings Corporation, the parent of Argo-Tech Corporation, for $695 million.  Argo-Tech’s aerospace business, which had sales for the fiscal year ended Oct. 28, 2006, of $206 million and EBITDA of $63 million, is a producer of aerospace engine fuel pumps and systems, airframe

Graybar, St. Louis, MO, distributor of electrical and communications products, reported $3.78 billion in sales through the first three quarters of 2006, an increase of 18.9% over the same period last year. Graybar’s net income of $46.7 million for the first three quarters is more than triple last year’s performance for the same period. This year, the

Philadelphia, PA-based Hajoca Corp. has agreed to buy Richards Plumbing, Heating & Industrial Supplies, Grand Rapids, MI. The purchase pushes Hajoca into Michigan. Hajoca operates in 32 other states.The 71-year-old CEO of Richards told the Grand Rapids Press that he and his sons sold to the national plumbing and heating wholesaler because of growing competition in

US Electrical Services, LLC, Exton, PA, has agreed to acquire Hampden/Zimmerman Electric Supply Co., with three locations in central and western Massachusetts. The company has 80 employees. US Electrical Services is a distributor of electrical products and related services. Related Links:US Electrical Services Expands Into Atlanta USESI Acquires Fox Electric Supply Company USESI Opens Two New LocationsUS