Ferguson said weakness in certain commodity categories persisted in the quarter, driving overall price deflation of about 2%.
Latest In Top Distributor Sectors
Recent acquisitions drove most of the growth, more than doubling that of 4Q23.
Year-to-date, spending is pacing strong at 10.9% above the first four months in 2023.
The acquisition of SWHC marks the third deal in TTDS history as it builds out its thermal management solutions.
Pennslyvania-based industrial and fluid power distributor Motion & Control Enterprises marks its 12th acquisition since 2023.
Specialty building materials distributor US LBM names Russell Tiejema as Executive Vice President and CFO to succeed Patrick McGuiness.
Hydraulic and pneumatic fitting distributor Brennan has established a local presence in Mexico to align with customer operations.Â
Wesco said it has already met one of its key 2030 ESG goals, and is on track to achieve another.
Tencarva gains a West Virginia-based distributor of specialized thermal coating services and related parts.
It adds six branches and 130 employees across Massachusetts and New Hampshire.
Kennametal is working to restore production at its Rogers, AK, facility to minimize shipment delays to customers.
Cordatus Capital formed American Gas Group to pursue acquisition of independent packaged gas distributors.
The distributor's Skypod system will consist of over 43,000 storage bins, 36 robots, three picking stations and three induction workstations.
It adds to EMS’ footprint of 15 distribution and manufacturing facilities.
A new Milwaukee location will allow Cameron Ashley to offer its same-day and next-day delivery to more customers in eastern Wisconsin.
Hydraquip brings over four decades of experience in fluid power solutions to the cooperative.
The distributor has made $200,000 in scholarships available for students entering skilled trades in the U.S. electrical industry.
A partnership with UPS-owned Roadie enables same-day delivery to a 50-mile radius from 130 U.S. locations.
Eighteen Brenntag warehouse workers and truck drivers have been locked out of the company's Richmond, CA location since May 21. See commentary from both sides here.
Plumbing supplies distributor Ferguson's eight acquisitions in this fiscal year have an aggregate annualized revenue of $350 million.
