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Breaking news in Wholesale Distribution
The four-year-old company says the latest seed round will be used to grow an already massive and detailed industrial offering.
MRS and Henry join forces to improve distribution, while MRS also strikes deals with Advanced Building Products and Tamlyn.
Minnesota-based building supply distributor MacArthur Company acquired wholesale HVAC distributor American Metals Supply.
Hawdon helped develop many products, sales tools and packaging alternatives used across the electrical industry since the mid-1980s.
Crescent ranked No. 11 among electrical, data & security distributors on MDM's list of 2022 Top Distributors.
The acquisition is the first for the company since April 2020 and the first under CEO Dave Flitman’s leadership.
The fundraising round was led by OpenView, a venture capital firm known for its expertise in scaling high-growth technology companies.
The Conference Board LEI provides a barometer of major turning points in the U.S. business cycle and where it's heading in the near-term.
The newly formed Syracuse, New York-based division will be called Yusen-NY, according to a company news release.
The deal is for $1.9 billion in cash and $150 million in HEICO Class A Common Stock to be paid at closing, or $2.05 billion in the aggregate.
