December 14, 2007 - Modern Distribution Management

Log In

Search

December 14, 2007

United Rentals, Cerberus Capital Head to Court

Leave a Comment / Top Distributor Sectors, Subscriber Only, Operations, News, Mergers & Acquisitions, Legal Issues in Wholesale Distribution, Free, Finance /

The dispute between United Rentals Inc. and Cerberus Capital Management is moving into the courtroom.
&nbsp ;
A Delaware court will hear the case that United Rentals, Greenwich, CT, initiated on Nov. 19, 2007, against Cerberus acquisition vehicles RAM Holdings Inc. and RAM Acquisition Corp.
&nbsp ;
The lawsuit seeks to compel Cerberus to complete its purchase of United Rentals.
&nbsp ;
United Rentals said in a statement that it has fulfilled its obligations under the merger agreement with Cerberus and stands ready to complete the merger transaction on the agreed-upon terms.
&nbsp ;
United Rentals is an equipment rental company with over 690 rental locations in 48 states, 10 Canadian provinces and one location in Mexico. The company offers for rent over 20,000 ...

United Rentals, Cerberus Capital Head to Court Read More »

Watsco to Buy HD Supply’s HVAC Assets

Leave a Comment / Top Distributor Sectors, Subscriber Only, Plumbing Products & PVF Distribution, News, Mergers & Acquisitions, HVACR, Free, Finance, Companies /

HD Supply has signed a letter of intent to sell its Rheem/Ruud HVAC operations to Watsco Inc., Coconut Grove, FL, an HD Supply spokeswoman confirmed. She said&nbsp ; the companies are in the process of due diligence on the deal.
&nbsp ;
If it moves forward, the transaction would close in the first quarter of 2008. The assets will become part of Watsco's Gemaire group in Ft. Lauderdale, FL.
&nbsp ;
HD Supply will hold onto its plumbing assets.

The HD Supply Plumbing/HVAC business Web site lists Hughes Supply and Apex Supply Co. as the two companies that made up the division. Former revenue reports do not separate the plumbing from the HVAC sales.

Apex,Atlanta, GA , was ...

Watsco to Buy HD Supply’s HVAC Assets Read More »

Pro-Build Acquires Lumber Inc.

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

Pro-Build Holdings, Denver, CO, has acquired Lumber Inc., Albuquerque, NM, distributor of lumber, flooring and roof trusses, Home Channel News has reported.
&nbsp ;
The Lumber Inc. locations complement operations in Santa Fe and Albuquerque.
&nbsp ;
Lumber Inc. has four locations in the market, one in Santa Fe and one in Las Cruces.
&nbsp ;
Pro-Build recently announced it would buy the Lumber and Building Materials division of HD Supply in the ...

Pro-Build Acquires Lumber Inc. Read More »

Sonepar’s Viking Electric Supply Buys Anchor Electric

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

Viking Electric Supply, Minneapolis, MN, a subsidiary of Sonepar USA, has acquired Anchor Electric Supply, a single-branch distributor in Sturgeon Bay, WI, which serves the contractor and industrial markets.
&nbsp ;
Anchor Electric Supply has six employees. Its facility features more than 14,000 square feet, which includes employee offices, a showroom floor and warehouse space.
&nbsp ;
The Anchor merger is a great extension of our business operations in Green Bay and northeastern Wisconsin. Pat Saladin has built a business model that focuses on customer service and has been an excellent competitor of ours for many years," said Greg Hames, president of Viking Electric. "& hellip; We intend to continue the expansion of our Upper Midwest footprint and the Anchor purchase is ...

Sonepar’s Viking Electric Supply Buys Anchor Electric Read More »

Industrial Production Up 0.3% in November

Leave a Comment / Subscriber Only, Research & Analytics, News, Free, Economic Trends /

Industrial production increased 0.3&nbsp ; percent in November; the change in production over the previous three months was revised down, on net, an average of 0.1 percentage point per month.
&nbsp ;
At 113.9 percent of its 2002 average, total industrial production in November was 2.1 percent above its year-earlier level.
&nbsp ;
Output in the manufacturing sector increased 0.4&nbsp ; percent in November. The output of utilities dropped 1.3&nbsp ; percent because of a decline in electric utilities; the output at mines increased 1.1&nbsp ; percent.
&nbsp ;
Capacity utilization for total industry edged up, to 81.5 percent, a rate slightly above its year-earlier level and 0.5 percentage point above its average.
&nbsp ;

Industrial Production Up 0.3% in November Read More »

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!