The deal adds a Mokena, IL-based industrial automation and electrical distributor about $330 million in 2025 annual turnover.
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Japan-based NSK and NTN announced plans to pursue a business integration through a joint holding company, a move that would create one of the world’s largest bearing and power transmission suppliers with combined annual revenue approaching $12 billion.
SupplyHouse has appointed its first general counsel as the fast-growing eCommerce-based distributor builds legal and governance infrastructure to support continued expansion across its plumbing, HVAC and electrical supply business.
Colonial Oil Industries is one of the largest independent oil distributors in the U.S., primarily serving the Southeast.
SBSI nets three Tennessee locations with the expansion, giving it 14 overall across the five U.S. states.
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While inflation is a major tailwind, a sustained increase in average order value above inflation continues to point to increased demand.
It comes about two months after distributors completed their merger to create a company with more than $10 billion in annual revenues and 13,000 employees.
The now-combined company also provided an update on MRC’s integration, and ERP system migration that has seen major challenges since launched in November.
The company’s Innovative Pumping Solutions segment continues to see substantial year-over-year expansion.
Solid housing construction spend more than offset a second straight nonres decline. Get the full numbers and growth/decline changes here.
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Sales and margin growth well-exceeded the market's expectations and that of Grainger itself, with the company attributing it to both pricing and volume.
Ferguson formed a strategic alliance with Contractor Commerce to help contractors modernize online sales, offering self-service buying tools, AI-powered search visibility and eCommerce capabilities directly through contractor websites.
Same-day sales were up mid-single digits vs. February alongside a solid year-over-year gain.
It was the company's 10th straight month of double-digit daily sales grwoth year-over-year and its best month since August 2022 in the height of post-COVID market recovery. We give a full breakdown of Fastenal's April sales metrics here and the context around them.
It's already been a busy year for GME, which made a CEO succession in January and appointed a new COO in April.
The MRO supplies distributor's gross margin narrowly dipped year-over-year, though profits saw double-digit growth.
It nets Ferguson nearly two dozen branch locations between two traditional distributors and four manufacturers rep agencies in for the company's Waterworks, HVAC and Industrial units. We detail who these six companies are here.
Ferguson posts margin expansion and profit growth in its fiscal first quarter, even as residential end markets remained challenged.
