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In The News:

Breaking News in Wholesale Distribution

Singer Equities to Acquire Hydraulic Hose and Assemblies

Hydraulic Hose and Assemblies will operate as a division of PRC Industrial Supply.
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Sysco Sales Up 2.4% in Fiscal Year

Sales increase 1% to $15.5 billion in fourth quarter.
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Parts Town Announces HVAC Partnership with YORK

Parts Town will distribute genuine OEM replacement parts for YORK’s commercial rooftop HVAC systems to a variety of National Accounts customers in and outside of the foodservice industry.
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Platinum Equity Affiliate Buys Wesco Aircraft

Wesco Aircraft will be combined with the Platinum Equity portfolio company Pattonair.
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Houston Wire & Cable Sales Down 9.1% in Second Quarter

Distributor’s second-quarter sales were down 4.6% to $179.6 million.
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Wajax Sales Up 7.1% in 2Q

Sales increased 8.2% in the first six months.
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Avnet Sales Up 2.6% in Fiscal 2019

Fourth quarter sales down 7.5% year-over-year.
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Graybar’s Second Quarter Sales Up 6.3%

Profit for the quarter was up 5.6%.
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Hill International Reports Second Quarter Earnings of $1.6M

Adjusted EBITDA was $4.9 million, up from $2.4 million in the prior quarter.
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Snap-on Acquires Cognitran Limited

The company will be part of the Snap-On’s Repair Systems & Information Group.
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