Fenco is the second investment for private equity-backed Averon, and it is actively pursuing others.
Latest In Top Distributor Sectors
Houston-based pump solutions and MRO supplies distributor DXP Enterprises expands its water product and service platform with its latest deal.
Private equity firm Exponent acquired U.K.-based Optimas International from its U.S.-based parent company Optimas Solutions.
Representing Turner Supply's entry into the Atlanta and North Georgia markets, it also marks the 11th acquisition in the 121-year history of the Mobile, AL-based company.
APR enters Maryland with a single-location distributor servicing the Baltimore area for more than 100 years.
The news comes just a few days after the bankrupt auto parts supplier said it would wind down operations at several of its key brands.
The cuts primarily impact remote employees.
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.
George Vorwick is a 25-year company veteran and has been CEO since 2009.
The bankrupt company said it has begun winding down parts of the business as part of its Chapter 11 restructuring, while continuing to operate and seek buyers for its remaining units.
The move diversifies Britton Lumber's business into packaging and strengthens its presence in Massachusetts, Rhode Island and Connecticut.
It was the sixth consecutive quarter of year-over-year sales growth in Asia for the electronic components distributor.
AIT added a like distributor with about $20 million in annual revenue, while encouraging financials led to raising the lower end of the company's guidance.
Metalforming manufacturers indicated month-to-month improvement in their January outlook survey for near-term business conditions, incoming orders and shipping levels.
The new capability is designed to help pros create project material lists within minutes.
World Electric promises faster deliveries, more specialized services and support for vertical markets like solar and EV charging as a result of the new facility opening.
Border States tapped a 15-year company veteran to succeed a planned retirement.
The industrial supplies distributor adds an industry veteran with more than two decades of leadership experience across retail, distribution and building products.
The hydraulics & pneumatics distributor adds a veteran with extensive experience at ITT and Parker Hannifin.
They've been in the electrical supplies market since 2009, with a long tenure at Anixter before it was acquired by Wesco in 2020.
