Milton’s sixth acquisition in the past 30 months is a designer and manufacturer of the LTI Tools brand, according to the announcement.
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The manufacturer/distributor says Don Freeman and Kevin Blossom have been promoted to president positions.
Jon Bridge will join Rivet|MRO from Crescent Electric Supply, where he served as the 3M strategic accounts specialist.
Watsco reported a profit margin of 27.9% from their sales of $2.13 billion compared to last year’s $1.85 billion.
Matt Murray joins as senior business unit manager for industrial distribution and Mike Smith joins as senior business unit manager for fleet.
Travis Hendren will be responsible for all field operations supporting the company’s distribution yards, GMS Inc. said.
The transaction was initially announced on Dec. 8, 2021, and Security generated approximately $1.6 billion in revenue that year.
The manufacturer reported second-quarter 2022 sales of $1.136 billion, an increase of $55.2 million over the same period last year.
The industrial technology manufacturing company financed the transaction through a combination of available cash and debt.
OTC Industrial Technologies has partnered with Quincy Compressors, a manufacturer of reciprocating and rotary screw air compressors.
The Louisiana company reported ‘record’ second-quarter sales for 2022, up 15% from last year to $2.1 billion.
The companies hope combined activities and product portfolios will help create a well-balanced entity and more growth in existing regions.
The acquisitions, Wholesale Sheet Metal and Pile Protections Tops, will expand Munch's geographic footprint to 71 locations.
The new facility in Allentown, Pennsylvania, spans 30,269 square feet to support increased inventory and space for new services.
Sandvik also reported second-quarter 2022 revenue of $2.6 billion, with a growth rate of 25% year-over-year.
The company said it adds new branches 'where it can best support customers and businesses in their local communities.'
Richard Harris is currently president of Walter, a division within Sandvik Manufacturing and Machining Solutions.
The distributor has acquired Cornerstone Supply in Florida and two Intermountain Machining Supply locations in Idaho and Montana.
Rexel said the acquisition will allow it to expand its presence as a Rockwell Automation distributor in the Northeast U.S.
BC will now be a TLG partner continuing regular operations under its founders but will transition to a TLG brand as Lawless Group Midwest.
