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It’s at least the third time Cintas has made a takeover offer, and this time it’s added a deal-break fee it would pay in case the transaction isn’t approved.
Surveyed metalforming manufacturers indicated month-to-month improvement in their December outlook for near-term business conditions and incoming orders.
Proceeds will be used to reduce debt and increase financial flexibility.
One has been promoted from a subsidiary, and the other is moving from one region to the other.
Dan Florness has been with the company since 1996 and its CEO for the past nine-plus years.
Chicago-based FreightCar gains a family-owned distributor near Pittsburgh that focuses on running-repair railcar components.
The pumps and MRO supplies distributor plans to continue to grow through acquisitions in 2026.
However, the improvement is credited to several one-time factors rather than a sign of underlying demand momentum.
It strengthens and expands PAK's service capabilities outside of its longstanding Texas and Eastern New Mexico territories.
Now privately owned, the former Grainger subsidiary lands a new leader with over 30 years of driving growth in distribution.
