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The HVAC equipment supplier had been part of Platinum Equity’s MARS distribution platform, which has undergone a series of divestment and acquisition moves since 2024. Heat Controller serves distributors through its Comfort-Aire and Century brands.
MDM won't deploy an Update newsletter on Friday while we're off for the Juneteenth Federal holiday. We'll be back in action Monday morning.
The Fed held rates steady again in its June meeting, maintaining its benchmark range at 3.5%-3.75% while signaling that persistent inflation — rather than slowing growth — remains policymakers’ top concern in the first FOMC meeting led by new Chair Kevin Warsh.
The industrial hose, hydraulics and fluid sealing products distributor opened a Nevada DC to support faster service and expanded product availability across the Western U.S.
Elektrik said the investment will help scale its procurement platform for medium-voltage electrical infrastructure components.
The two producers said their all-stock merger will create OlinHuntsman, a North American chemicals company with about $12.5 billion in annual revenue.
The California-based safety products distributor is investing $1.7 million in a new Missouri facility that will create 21 jobs.
It signals continued languishing market conditions, as April's decline was likewise revised sharply downward. May's figure was its lowest since the height of COVID-19 lockdowns.
The deal marks RNDC’s latest divestment following its May sale of 11 geographic markets to Reyes Beverage Group and a recent stretch of leadership and financing changes.
The acquisition launches Rox Capital Partners’ industrial fastener platform, with plans to grow the Dallas-based manufacturer and distributor through organic initiatives and strategic acquisitions.
