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The average annual sales growth for the 12 months through July was 17.2%, which was flat when compared to June, according to HARDI Distributors latest report.
GMS doubled its net income in the first quarter as it continued to benefit from a strong residential market.
The deal was the third acquisition of the year for MCE, a portfolio company of the private equity firm Frontenac Co.
Building materials distributor expands to Massachusetts’ South Shore, Cape Cod and the Islands
The August Manufacturing PMI registered 59.9%, which was an increase of 0.4 percentage point from the July reading of 59.5%.
The increasingly acquisitive bearings manufacturer has added EFOLEX AB to its portfolio — its second deal announcement in as many days.
The acquisition of the Billings-based distributor will mark DSG’s first waterworks location in Montana.
SKF’s addition of Rubico Consulting will be “integrated into SKF’s offer around the rotating shaft, as well as powering new technology areas such as bearings with fiber-optic sensors,” the company said
The addition of NATEV, which specialized in positioning technology, will bolster Atlas Copco’s industrial technique business area.
Envoy Solutions, formerly known as NW Synergy (NWS), has added to its portfolio of JanSan distributors.
