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The Winona, Minnesota-based distributor topped $6 billion in net sales for the year, including more than $1.5 billion in 4Q 2021.
Census Bureau: Privately‐owned housing units authorized by building permits were 9.1% above the revised November rate.
The electrical distributor says Aram Marandyan has been named VP of sales, and Dan Pinshaw will succeed him as branch manager in Los Angeles.
The company says the recently closed Series A funding will help it expand AI-powered growth platform for distributors.
The new capital will be used to develop its e-commerce platform and software development for sales teams and technician staff.
The home appliance, HVAC and plumbing repair parts distributor made a deal to acquire the company from Ridgemont Equity Partners.
John Pehler, who joined the company Jan. 10, has been appointed chief digital officer after previous jobs at Grainger and Caterpillar.
An Associated Builders and Contractors analysis of Producer Price Index data shows prices increased over November.
The Producer Price Index for final demand increased 0.2% in December, the U.S. Bureau of Labor Statistics reported.
The St. Louis-based electrical, communications and data networking distributor said SVP and CFO Scott Clifford will retire in June.
