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, 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
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
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
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 […]