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The value of 2023 total construction was up 7.0% from 2022.
Fargo, ND-based electrical supplies distributor Border States named Jason Stein as Chief Information Officer.
The MRO supplies distribution giant expects the 1.2-million-square-foot facility to open in 2026.
Fed Chair Jerome Powell suggested that a rate cut issued at his committee's March 19-20 meeting is unlikely.
It follows several years of transformation for the distributor of fluid handling, sealing and material conveyance supplies and solutions.
October-December Avnet sales fell 5.5% year-over-year in the Americas.
For the year, member distributors saw overall 12-month sales decline by 0.3%.
Joyce Orlob Evans — the daughter of the company's founder — played an active role in the MROP distributor throughout her life.
Electrical materials supplier Independent Electric will rebrand and restructure to enable more efficient operation.
Fellow private equity firm American Securities, which acquired FBM in 2021, retains a majority stake in the distributor.
