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For a purchase price of $400 million, the transaction is expected to close in early 2023.
On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%, according to Associated Builders and Contractors.
Despite waning growth in non-residential construction markets, total daily sales growth essentially matched September’s.
Lawson Products changed its name to Distribution Solutions Group after merging with TestEquity Gexpro Services in April.
The acquisition is MCE's third of 2022 and seventh since 2021.
Oberon designs and manufactures a wide variety of Arc Flash safety products, including suits, face shields and gloves.
For the nine-month period ending in September, total revenue was $7.4 billion, up sightly versus the same period last year.
Net income attributable to NOW Inc. was $40 million for 2022's third quarter, the company said in an announcement.
The new facility will provide an increase in hydraulic manufacturing, maintenance and inventory services to businesses in the Northeast.
Wesco also closed on a previously reported deal to acquire Rahi Systems Holdings, Inc. for $217 million.
