Most of it comes from a common stock financing round for the company that plans to expand throughout the U.S. Sunbelt region.
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The 2025 gain was despite one fewer selling week than 2024 for the infrastructure supplies distributor.
It was the fourth straight monthly decline for private nonresidential spending, which is now down 8% from its December 2023 all-time high.
SouthernCarlson was acquired by Trulink Capital from Kyocera Corp. in January.
Breaking ground March 24, it will replace the company’s current Atlanta-based “AHUB” and could eventually be nealry four times the size.
Fastenal reported a strong February that saw the company's best daily sales growth since October 2022 despite a downstep for its top national accounts.
The topline figure snapped three straight months of decline, though nonresidential spending saw a sharp decline.
Economists had expected December's starts to be flat vs. November.
That’s despite a small monthly downtick in the portion of in-market locations reporting growth, meaning Fastenal got relatively more out of its biggest customers. Get our full breakdown of the January numbers here.
White Cap is owned by PE firm CD&R, and Colony by Audax Private Equity. It will net White Cap more than 60 new locations.
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It was a new annual revenue high-water mark, as pricing actions and improved sales effectiveness carried the company through lasting "sluggish" market conditions.
Miles Ahead Brands launched Milestone as a unified, end-to-end solution designed to simplify the sourcing, selling and movement of aggregate materials.
The construction and contractor supplies distributor expanded considerably under Bertram Capital over the past three-plus years.
The number of new housing unit starts was the weakest since the height of the COVID-19 pandemic despite a monthly and YoY improvement in single-family.
A lack of megaprojects normalized activity, though broader starts showed steady year-over-year gains.
Dan Florness has been with the company since 1996 and its CEO for the past nine-plus years.
Despite soft residential demand the company reaffirmed its full year outlook.
It's Ferguson's 20th venture investment to accelerate innovation for the construction industry.
The distributor posted its fifth straight month of double-digit daily sales gains despite a soft demand backdrop and topped analysts’ expectations, powered by acceleration in heavy manufacturing.
