The sales decline was within expectations, according to Ferguson.
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The distributor also announced a new VP of marketing and a new director of showroom sales.
The acquisition will double Rexel's size in the Netherlands.
The OEM foodservice equipment parts distributor expects its exponential growth to continue in 2023.
The OEM foodservice equipment distributor has added HVAC parts to its portfolio.
We chat with The Master Group President Neil McDougall about the Quebec-based distributor's rapid recent growth and expansion roadmap.
Republic Electric is a distributor of HVAC and electrical equipment and related components.
The integration of the two platforms will create the first comprehensive solution connecting contractors up and down the supply chain, the companies said.
Beaumont, Texas-based Coburn Supply is a distributor of HVAC, electrical and plumbing products.
The deceleration was expected after Ferguson posted 16.6% year-over-year sales growth in 1Q.
The heating and cooling solutions provider also announced it adding a new compressor and sensor factory in Mexico.
It provides Boucherville, Quebec-based The Master Group with extensive coverage in Ohio and Pennsylvania and represents a significant expansion of the distributor's U.S. footprint.
HARDI distributors’ total sales growth in 2022 was 18.8%, according to the report.
Watsco's impressive fourth quarter followed a record-breaking third quarter.
The acquisitions include Winston-Salem, North Carolina-based P-F Plumbing and Murfreesboro, Tennessee-based Precision Air.
Based in Lysaker, Norway, Hybrid Energy AS is a provider of high-temperature energy management solutions.
It follows Hajoca’s May 2022 launch of its HVAC unit and looks to significantly bolster the company’s offerings outside of plumbing, heating and industrial supplies.
Atlanta-based Heritage Distribution Holdings is a group of HVACR distributors serving the U.S. southeast and midwest via 64 branches across 10 states.
The industrial distributor says the deal will expand its HVAC presence in the Pacific Northwest.
The world’s largest plumbing products distributor saw 21.4% growth in the May-July period.