Texas-based waterworks and plumbing products distributor EGW Utilities Inc. bolsters its Water & Plumbing Group with latest addition.
Eric Smith
Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
Posts By Eric Smith
Dallas-based building materials distribution giant Builders FirstSource adds $30 million-a-year supplier of windows, doors and millwork to its portfolio.
Amazon's new fulfillment center in Republic, Missouri, near Springfield, will create hundreds of new full-time jobs and give the company faster delivery times in the region.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Oct. 26 to Oct. 30 indicated a 0.4% decrease compared with the same week a year ago.
Despite the dip in overall sales for Fastenal, the company reported daily sales were up 4.1% versus a year ago based on strength in safety (32% growth).
In its second earnings report since completing the $4.5 billion acquisition of Anixter International Inc. but first to include the new addition's full financials, WESCO recorded a 93% sales jump and a $66.2 million profit.
What’s on tap for 2021? In this exclusive video, Brian Lewandowski of the Leeds School of Business at the University of Colorado Boulder provides distributors a macro view of wholesale distribution and the broader U.S. economy.
Addition will expand Atlas Copco’s footprint in Germany with the acquisition of the vacuum equipment and services distributor.
Year-to-date, the goods and services deficit increased $38.5 billion, or 8.6%, from the same period in 2019.
NOW Inc., which reported a loss of $22 million for the quarter and a loss of $383 million for the first nine months of 2020, saw sales sink more than 50% in 3Q.
In this exclusive video, Baird analysts Dave Manthey and Quinn Fredrickson go behind the numbers of the latest MDM-Baird Distribution Survey. In this 16-minute video, they speak with MDM CEO Tom Gale about the industry’s performance and projections.
Average daily net sales decreased 9.2% and profit was down 7.1% for the building materials distributor in the third quarter.
The company said the transfer of production from Avallon to St-Cyr “enables a more competitive and flexible offer to customers, as well as the realization of synergies from the existing service center and logistics capabilities in Saint-Cyr.”
Arceo will lead the Phoenix branch team as plastic supplier Curbell Plastics continues to expand in the Southwest.
Building materials distributor BMC Stock Holdings announced during the period that it was merging with Builders FirstSource in a mammoth $2.5 billion deal.
This merger joins Delta’s members with AD’s PVF members and will bring collective member sales in AD’s PVF Division to more than $11 billion.
The September figure is 1.5% above the September 2019 estimate and 0.3% above the revised August estimate; year to date, construction spending is up 4.1%.
Following the acquisition, Zeeland’s leadership team will remain with the company, including Mark Miller, who will serve as president, and Mike Dykstra and Rob Groothuis in key leadership roles.
M&A activity kicked off the fourth quarter in style, as October registered the highest volume of distribution deals since before the pandemic. Here is our recap of the industry’s latest moves.
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) this week released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 13.9% during September.
