November M&A Roundup: Brady IFS, Graybar, US LBM Ink Multiple Deals
November continued an upward trend in mergers and acquisitions seen during the prior month, as well as during this year’s third quarter.
November 2021
Platform Raises $16M to ‘Enhance’ Ordering
The e-commerce platform secured funding to improve ordering experiences for distributors servicing restaurants and grocery stores.
AllPoints Partners with Dormont
The foodservice supplies provider has agreed to a master distributor relationship with a stainless-steel gas connector manufacturer.
Crescent CEO Named Leader to Watch
Family Business Magazine has named Scott Teerlinck, president and CEO of Illinois-based Crescent Electric Supply, as a “CEO to Watch.”
Earnest Machine, Gustave A. Larson Embrace Sales Team Restructure
Days are numbered for the traditional inside-outside sales model in distribution, say executives at Earnest Machine and Gustave A. Larson. Here's how they developed a new integrated approach.
Forbes: WESCO Among Best Employers
WESCO International Inc. is one of the World’s Best Employers and one of America’s Best Employers for Women, magazine says.
Interfor to Acquire EACOM
The British Columbia-based lumber company has reached a deal to acquire 100% of the equity interests of EACOM Timber Corporation.
Deere Fiscal 4Q Improves
Illinois-based Deere & Company reported 2021 fiscal fourth-quarter net income of $1.283 billion, and $5.963 billion for the year.
Synergy Group Nets Green Award
The Singapore-based company earns an award given to ship managers that go beyond industry standards for safety and environmental performance.
Wholesale Distribution Revenue Growth Rate Ticks Upward
Some sectors see price increases beyond expected pandemic-related turbulence while job growth levels reflect larger national trend.
Trade Deficit Shrinks to $82.9B
The international trade deficit was $82.9 billion in October, down $14.1 billion from $97.0 billion in September, the Census Bureau said.
Real GDP Up Slightly in New 3Q Estimate
Real GDP increased at an annual rate of 2.1% in 2021 3Q, according to the second estimate released by the Bureau of Economic Analysis.
US LBM to Acquire Barrons
The building materials distributor will acquire Barrons, a provider of lumber and building materials to in the Washington, D.C. area.
Regal Rexnord Acquires Arrowhead
The manufacturer of industrial powertrain solutions, power transmission components and electric motors acquired Arrowhead Systems.
The Amazon Effect: Must Distributors Keep Up?
Whether an Amazon-style fast-shipping and delivery experience is necessary in B2B e-commerce may depend on who you ask.
84 Lumber Opens in Idaho
The building materials, manufactured components and services supplier for residences and commercial buildings opened a location near Boise.
MiddleGround Acquires Race Winning
The firm, which makes control investments in middle-market industrial and specialty distribution companies, has acquired Race Winning Brands.
PAC-12 Picks US LBM as Sponsor
The building materials distributor was given exclusive naming rights for the upcoming inaugural Pac-12 Coast-to-Coast Challenge.
BlackHawk Acquires Tools for Industry
The distributor of metalworking, industrial, MROP and packaging supplies acquired Tools for Industry and its affiliate, Service for Industry.
Forecasts Mostly Bullish for 4Q and 2022
Economic forecasts are firming up for the final quarter of 2021 and for 2022. Here’s a summary of the leading forecast resources.
