Free 2024 Mobile Engagement Guidebook for Distributors

Mark Powell

Goods and Services Deficit Rises in August

Goods and Services Deficit Rises in August

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced Tuesday that the goods and services deficit was $73.3 billion in August, up $2.9 billion from a revised $70.3 billion in July. August exports were $213.7 billion, $! billion more than July exports. August imports were $287.0 billion, $4 billion more than July […]

Fischer Process Industries Acquires Frakes-PumpWorx

Fischer Process Industries Acquires Frakes-PumpWorx

Fischer Process Industries, Loveland, Ohio, has acquired primary pump and rotating equipment company Frakes-PumpWorx, Indianapolis. Financial terms of the deal weren’t disclosed. Frakes-PumpWorx specializes in modern techniques to make repairs to pump and rotating equipment, including a 24/7 field-and-service option. FPI  said it acquired Frakes-PumpWorx, in part, to offer an integrated service operation near Indiana’s […]

HARDI Distributors Report 26.4% Revenue Increase in August

HARDI Distributors Report 26.4% Revenue Increase in August

Heating, Air-conditioning & Refrigeration Distributors International (HARDI), Columbus, Ohio, released its monthly TRENDS report Monday, which showed the average sales performance by HARDI distributors increased 26.4% in August after posting a modest increase of 9.3% the prior month. The average annual sales growth for the 12 months through August was 18.7% percent, a new record […]

US Machine & Tool Acquired By Equity Firm Sixeight

US Machine & Tool Acquired By Equity Firm Sixeight

Tennessee-based growth equity firm Sixeight announced last week it had acquired computer numerical control fabricator US Machine & Tool, according to a news release. Sixeight, based in Knoxville, said it acquired US Machine & Tool because of its revenue and profit potential. The Murfreesboro-based machining and fabrication company has been in business for more than […]

US Machine & Tool Acquired By Equity Firm Sixeight

US Machine & Tool Acquired By Equity Firm Sixeight

Tennessee-based growth equity firm Sixeight announced last week it had acquired computer numerical control fabricator US Machine & Tool, according to a news release. Sixeight, based in Knoxville, said it acquired US Machine & Tool because of its revenue and profit potential. The Murfreesboro-based machining and fabrication company has been in business for more than […]