New orders for manufactured goods in July, up 14 of the last 15 months, increased $1.9 billion or 0/4% to $508.1 billion, the U.S. Census Bureau reported this week. This followed a 1.5% June increase. Shipments, also up 14 of the last 15 months, increased $7.8 billion or 1.6% to $508.5 billion. This followed a […]
Eric Smith
Winsupply Acquires Clausen Supply
Winsupply Inc., Dayton, Ohio, on Thursday announced it has completed the acquisition of Clausen Supply of Iowa Inc., Clinton, Iowa. Financial terms of the deal weren’t disclosed. Clausen Supply is an HVAC distributor that serves the eastern Iowa region. The company’s previous owner, Jon Clausen, will exit the company immediately after close. The HVAC distribution […]
US LBM Acquires Northern Building Supply
Building materials distributor US LBM, Buffalo Grove, Illinois, on Thursday announced it has acquired Northern Building Supply, a full-service building products distributor and retailer with two locations in northern Michigan. Financial terms of the deal weren’t disclosed. Founded in 1904, Northern Building Supply offers lumber and a wide range of specialty building products, including windows, […]
August M&A Roundup: Consolidation Maintains Healthy Pace
The threat of an increase in the capital gains tax, coupled with accepting the new business cycle on what everyone hopes is the tail end of COVID-19, has pulled forward acquisition deals, and last month was another healthy one for M&A volume. MDM reported 25 transactions in August as companies of all sizes, verticals and […]
August M&A Roundup: Consolidation Maintains Healthy Pace
The threat of an increase in the capital gains tax, coupled with accepting the new business cycle on what everyone hopes is the tail end of COVID-19, has pulled forward acquisition deals, and last month was another healthy one for M&A volume. MDM reported 25 transactions in August as companies of all sizes, verticals and […]
Goods and Services Deficit Dips in July
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis on Thursday announced that the goods and services deficit was $70.1 billion in June, down $3.2 billion, or 4.3%, from $73.2 billion in June, revised. July exports were $212.8 billion, $2.8 billion more than June exports. July imports were $282.9 billion, $0.4 billion less than June […]
Builders FirstSource Acquires California TrusFrame for $179.5M
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired California TrusFrame LLC (CTF), a California-based producer of value-added building products, for $179.5 million. Established in 1982, CTF is led by President and CEO Shawn Overholtzer, who will be joining Builders FirstSource along with the rest of its employees upon closing, and operates […]
Motion & Control Enterprises Acquires Instrument Associates
Industrial distributor Motion & Control Enterprises, a Zelienople, Pennsylvania-based portfolio company of the private equity firm Frontenac Co., on Wednesday announced it has acquired Instrument Associates Inc. (IA), Alsip, Illinois. Financial terms of the deal weren’t disclosed. IA is a full-service, stocking distributor of products and solutions for instrumentation (including fittings, valves and tubing), steam […]
Motion & Control Enterprises Acquires Instrument Associates
Industrial distributor Motion & Control Enterprises, a Zelienople, Pennsylvania-based portfolio company of the private equity firm Frontenac Co., on Wednesday announced it has acquired Instrument Associates Inc. (IA), Alsip, Illinois. Financial terms of the deal weren’t disclosed. IA is a full-service, stocking distributor of products and solutions for instrumentation (including fittings, valves and tubing), steam […]
US LBM Acquires Mid-Cape Home Centers
Building materials distributor US LBM, Buffalo Grove, Illinois, on Wednesday announced it has acquired Mid-Cape Home Centers, a South Dennis, Massachusetts-based building products and home improvement company with six locations in the southern coastal region of Massachusetts. Financial terms of the deal weren’t disclosed. Mid-Cape Home Centers traces its roots back to 1895. Today it […]
SKF Acquires Lubrication Filtration Business
Swedish bearings manufacturer SKF has acquired EFOLEX AB, a Gothenburg, Sweden-based manufacturer of the Europafilter-branded industrial lubrication and oil filtration systems. Financial terms of the deal weren’t disclosed. EFOLEX offers offline filtration systems used in process manufacturing and energy industries. It currently has approximately 10 employees. “In addition to being an interesting stand-alone product, the […]
DSG Acquires Montana Waterworks & Irrigation
Dakota Supply Group on Wednesday announced the acquisition of Montana Waterworks & Irrigation, Billings, Montana, in an asset purchase effective Sept. 1. Financial terms of the deal weren’t disclosed. Montana Waterworks is a waterworks distributor serving Eastern Montana from its Billings location. This will be DSG’s first waterworks location in the state. The current owner, […]
SKF Acquires Analytics Firm
Swedish bearings manufacturer SKF has completed the acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees based in Luleå, Sweden. Financial terms of the deal weren’t disclosed. Rubico Consulting AB specializes in “visualization and analysis of signal data,” and the company’s “expertise will be integrated into SKF’s offer around the rotating shaft, […]
Atlas Copco Acquires German Company
Swedish industrial manufacturer Atlas Copco on Tuesday announced it has acquired NATEV GmbH, Borken, Germany. Financial terms of the deal weren’t disclosed. Founded in 2010, NATEV specializes in position solutions for assembly tools used in industrial production. The company has 10 employees, and in 2020 it posted sales of €0.5 million (US$0.6 million). “Through NATEV’s […]
Envoy Solutions Acquires Daycon
Envoy Solutions — the Glenview, Illinois-based holding company that owns and operates North American, WAXIE Sanitary Supply, SWPlus and Southeastern Paper Group — on Tuesday announced the acquisition of Daycon Products Co., Upper Marlboro, Maryland. Financial terms of the deal weren’t disclosed. Daycon is a 79-year-old, family-owend distributor of facility supplies, training services and sustainable […]
SRS Agrees to Acquire Hawaiian Distributor
Building materials distributor SRS Distribution Inc., McKinney, Texas, on Monday announced it has agreed to acquire Aloha Roofing Supply, a Kapaa, Hawaii-based distributor of residential roofing, lumber, foundation and masonry, and other related products. Terms of the deal, which is expected to close Sept. 10, weren’t disclosed. Founded in 2014 by Randy Boyer, Aloha Roofing […]
Economic Green Shoots Continue to Sprout as Pandemic Rages On
Both macro-economic and industry-specific reports during the past month show that wholesale distribution has emerged from the worst of the coronavirus crisis that raged during the past 18 months. MDM’s recent reporting shows much-needed improvement, although gains could be threatened in the coming weeks and months as the country deals with more COVID cases plus […]
SRS Acquires New York Distributor Weatherpanel
Building materials distributor SRS Distribution Inc., McKinney, Texas, announced it has acquired Weatherpanel Inc., a Buffalo, New York-based distributor of residential and commercial roofing, siding, windows and doors, and other related products. Financial terms of the deal weren’t disclosed. Weatherpanel was founded in 1948 and is currently run by Frank Vacanti and Maria Wrafter. Vacanti […]
Jon-Don Acquires Dynamic Diamond Tooling
JanSan distributor Jon-Don, Roselle, Illinois, has acquired Dynamic Diamond Tooling, Orlando, Florida. Financial terms of the deal weren’t disclosed. Founded by Patrick Pollitt and Ron Yagur, Dynamic Diamond Tooling is a supplier of equipment, tooling, and chemicals for concrete surface prep and polishing. DDT offers a private-label line of concrete grinders, vacuums, and tooling made […]
Real U.S. GDP Up 6.6% in 2Q According to ‘Second’ Estimate
Real gross domestic product (GDP) increased at an annual rate of 6.6% in the second quarter of 2021, according to the “second” estimate released Thursday by the Bureau of Economic Analysis. In the first quarter, real GDP increased 6.3%. The second GDP estimate is based on more complete source data than were available for the […]
