January 8, 2007 - Modern Distribution Management

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January 8, 2007

Cooper Electric Buys Fairview Electrical Supply

Leave a Comment / Finance, Mergers & Acquisitions, Free, Top Distributor Sectors, Electrical, News, Subscriber Only /

Cooper Electric Supply Co., Tinton Falls, NJ, has acquired Fairview Electrical Supply Corp., Fairview, NJ.


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Cooper Electric serves the New Jersey, New York and Pennsylvania markets. This acquisition increases its presence to 30 locations in the tri-state area.


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Fairview Electrical Supply Co. is in Northern New Jersey with a customer footprint in both New Jersey and New York.

More Breaking ...

Cooper Electric Buys Fairview Electrical Supply Read More »

Border States Buys Minnesota Electric Supply

Leave a Comment / Finance, Mergers & Acquisitions, Free, Top Distributor Sectors, Electrical, News, Subscriber Only /

Border States, Fargo, ND, has agreed to buy Minnesota Electric Supply Company, a full line provider of electrical products with eight locations in Minnesota and more than 3,000 customers.


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According to Electrical Wholesaling's top 200, Border States had 2005 revenues of $601 million, and Minnesota Electric had sales of $78.3 million.


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Border States provides products and services to the construction, industrial, utility and data communications markets. The combined organization will have more than 1,200 employees and 51 branch operations in 11 states and Mexico.


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More Breaking News


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Border States Buys Minnesota Electric Supply Read More »

Sonepar Acquires Crawford Electric Supply

Leave a Comment / Finance, Mergers & Acquisitions, Free, Companies, Top Distributor Sectors, Electrical, News, Subscriber Only /

Sonepar USA, Philadelphia, PA, has acquired Dallas, TX-based Crawford Electric Supply Company, Ltd. Crawford Electric had sales of $175 million in 2005, according to Electrical Wholesaling's 2006 top 200 issue.


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The acquisition extends Sonepar USA's reach into the fast-growing Texas market.


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Crawford has locations in Dallas, Fort Worth, Houston and San Antonio. The company offers electrical and lighting products to commercial and residential contractors.


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The purchase is Sonepar USA's seventh acquisition in less than two years. Consistent with all Sonepar USA acquisitions, CESCO will retain its brand identity and autonomy.


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Sonepar USA is a member of the Sonepar group - a global ...

Sonepar Acquires Crawford Electric Supply Read More »

Air Products to Buy European Gases Supplier for $481M

Leave a Comment / Top Distributor Sectors, Subscriber Only, News, Mergers & Acquisitions, Gases & Welding Equipment, Free, Finance /

Air Products, Lehigh Valley, PA, has agreed to acquire the industrial gas business of Central Europe-based BOC Gazy Sp z o.o. from Linde Gas for 370 million euros (US$481 million).&nbsp ;


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For regulatory purposes, BOC Gazy was required to be sold by Linde as a result of its purchase of The BOC Group plc in September 2006.


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The BOC Gazy business had fiscal year 2006 sales of 126 million euros ($164&nbsp ; million).&nbsp ; The business has 750&nbsp ; employees, five industrial gas plants and six cylinder transfills serving customers across a diverse range of industries, including chemicals, steel and base metals, among others.


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"We're taking advantage of a unique opportunity to become the number one industrial ...

Air Products to Buy European Gases Supplier for $481M Read More »

Strategic Distribution to Go Private

Leave a Comment / Top Distributor Sectors, Subscriber Only, News, Free /

Strategic Distribution, Inc., Bristol, PA, has agreed to be bought out by Platinum Equity for $30 million.


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The transaction is expected to be complete by the end of March. The deal stipulates that Strategic Distribution will merge with Project Eagle Holding Corp. and Project Eagle Merger Corp., each a Platinum Equity portfolio company.


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The MRO distributor reported revenues of $136.9 million in 2005 and a net loss of $3.4 million. Its numbers haven't improved much in fiscal 2006, with the company recording losses in the first and second quarter, and a slight gain of $0.2 million in the third.


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In November, Strategic announced its board of directors had received a letter from the board's Chairman William R. Berkley, ...

Strategic Distribution to Go Private Read More »

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