The deal will enable the company to avoid liquidatating all assets, though hundreds of other stores will still close.
Latest In News
Meanwhile, inventories continued to rise in July, reflecting a steady increase as sales showed a monthly and YoY rebound from June.
The acquisition is Field’s first since early 2023, aiming to strengthen its footprint in the Pacific Northwest.
Dallas-Fort Worth-based Nix Door and Hardware broadens US LBM's Texas Building Supply division.
IPS adds five new locations and 115 employees from ABB’s Industrial Services Unit, expanding its renewables, mining and power management role.
Adding the factory and warehouse automation controls distributor gives Houchens a 14th company in its portfolio.
The HVAC and residential appliance parts distributor adds experienced executives formerly from Ocean Spray and The Home Depot.
Company founder David Patterson will become Executive Chair, while Raymond Aronoff will take over as President and CEO.
It gains BFS a single-location manufacturer that serves the Dallas-Ft. Worth metro area.
It expands Team Air's footprint in Kentucky and adds capabilities to its HVAC distribution network.
LL Flooring will begin closing its remaining 200 stores on September 6 and liquidate its assets, following a failed attempt to secure a buyer.
It expands US LBM's Colorado footprint, enhancing its product and service offerings in the Denver metro area.
Rotunda Capital Partners has acquired a stake in the Miami, FL-based PVF distributor.
Wolter Inc. expands into the Southeast U.S. with its acquisition of DMHS in Atlanta.
Combining MDM's No. 2 and 21 Top Electrical Distributors, it will net Sonepar 23 branches in the southern and southwest U.S. and over 700 associates.
It expands TIPCO's North American footprint to 34 locations across 16 states.
Veritiv plans to purchase Orora Packaging, enhancing its packaging and supply chain capabilities with OPS’s North American presence and global operations.
Chattanooga-based Power Supply Company expands Cape's reach and service capabilities in Tennessee, Georgia, and Alabama.
Driven by major gains in transportation equipment, July factory orders posted a strong rebound after decreases in June and May.
Acquisitions drove sales growth while lower customer activity and adverse weather hurt profitability.
