HGAP expands its footprint in the U.S. with the acquisition of Longview, TX-based Air Power Sales and Services.
Latest In Top Distributor Sectors
Cheney significantly expands PFG's presence in the Southeast U.S., along with a Puerto Rico distributor acquired in July.
The company totaled $227 billion in 2024 sales, up 11% annually.
It enhances the PrimeSource portfolio of branded products and its reach into the home center, lumberyard and specialty retail channels.
Belgium-based Aliaxis expands its product range and presence in the Southern U.S. with the acquisition.
The distributor’s full-year total sales increased 1.5% year-over-year, while 4Q sales remained flat.
The latest AMT report shows a decrease from May and a 4.2% decrease compared to the same period a year earlier.
Ferguson closed on 10 acquisitions in its 2024 fiscal year that ended July 31.
Motion broadens its position in eastern Canada with the acquisition of Canada-based LSI and its sister company.
LFG expands into the Southeast U.S. with its fifth operating division, Alabama based-Halsey Foodservice.
The company’s organic sales declined by 3.3% year-over-year, while SRS Distribution contributed $1.3 billion in 2Q net sales.
The company has completed three acquisitions so far in 2024 and is looking for more.
This is C&B’s seventh acquisition under Platinum Equity’s majority stake ownership.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Core & Main expands into Southeast U.S. with its second announced acquisition in August.
June total was up 4.3% vs May, but the first half of 2024 still remains down 11% year-over-year.
The distributor’s recent acquisition of Snap One accounted for $45 million of the company’s 2Q sales of $959 million.
It follows recent announcements from the retailer regarding its positioning and friction between its shareholders and leadership board.
Gross margin and adjusted EBITDA likewise both improved year-over-year.
The distributor said recovery from the fall 2023 cyberattack has been slower than expected, which continues to weigh on sales growth.
