The U.S. government shutdown hampered sales in October and November, but the company expects continued acceleration in its current December-February quarter.
Latest In Facilities Maintenance (MRO)
The move expands the company's ability to serve customers in the OEM and MRO space.
GradeEight adds a single location distributor that carries a range of fastener types along with MRO supplies.
The company’s CEO says it enables greater flexibility for DSG to pursue growth opportunities.
It’s at least the third time Cintas has made a takeover offer, and this time it’s added a deal-break fee it would pay in case the transaction isn’t approved.
Dan Florness has been with the company since 1996 and its CEO for the past nine-plus years.
The pumps and MRO supplies distributor plans to continue to grow through acquisitions in 2026.
Now privately owned, the former Grainger subsidiary lands a new leader with over 30 years of driving growth in distribution.
Airflux has about 230 employees and $58 million in annual sales.
BlackHawk adds an industry veteran with deep category management expertise at prominent industrial distributors.
The news comes two months after Rubix appointed a new CEO.Â
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.
DSG's Chairman and CEO Bryan King said the move would strengthen its ability to pursue strategic opportunities to support long-term growth.
Already the NHL’s official supply chain partner, it makes the distributor the preferred MRO supply partner of Rogers Place in Edmonton.
Strong sales continued in July-September, during which the company completed another acquisition before two more in October-November.
It was the fourth straight month that Fastenal saw its daily sales rate grow by double digits year-over-year, powered by pricing actions in Q2-Q3 of this year.
Set to jettison its U.K. operations, the MRO distributor lowered its full-year sales outlook but raised margin expectations. Get all the key figures here.
DSG delivered solid organic expansion in its MRO and OEM sectors, while recent acquisitions continue to deliver on top-line growth.
The distributor said revenue growth was again driven by the company's largest strategic accounts.
Current MSC COO Martina McIsaac will succeed Erik Gershwind following his planned retirement after 13 years as CEO.
