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The acquisition strengthens TopBuild's presence in the Northeast.
Fenco is the second investment for private equity-backed Averon, and it is actively pursuing others.
Houston-based pump solutions and MRO supplies distributor DXP Enterprises expands its water product and service platform with its latest deal.
Private equity firm Exponent acquired U.K.-based Optimas International from its U.S.-based parent company Optimas Solutions.
Representing Turner Supply's entry into the Atlanta and North Georgia markets, it also marks the 11th acquisition in the 121-year history of the Mobile, AL-based company.
Though the figures were a positive sign for manufacturing momentum, ISM survey commentary acknowledged that January is a reorder month and likely was influenced by buyers trying to get ahead of expected price increases.
The new high-water mark is up from $83 billion in 2024, largely driven by the group’s merger with IMARK Electrical.
The news comes just a few days after the bankrupt auto parts supplier said it would wind down operations at several of its key brands.
The cuts primarily impact remote employees.
White Cap is owned by PE firm CD&R, and Colony by Audax Private Equity. It will net White Cap more than 60 new locations.
