Paris-based Mirakl announced it has raised $555 million in a Series E funding round led by Silver Lake, along with participation from long-term investors 83North, Elaia Partners, Felix Capital, and Permira. With the latest investment round, Mirakl said the company’s valuation has increased to more than $3.5 billion. Mirakl is an e-commerce vendor that provides […]
Mike Robuck
MiddleGround Capital Acquires Arrow Tru-Line
Lexington-based MiddleGround Capital, which is private equity firm that invests in North American middle market B2B industrial and specialty distribution companies, announced Tuesday that it has acquired Arrow Tru-Line, Inc. Financial terms of the acquisition weren’t disclosed. MiddleGround Capital has been looking to invest in the building products sector for some time Arrow Tru-Line, which […]
L&W Supply Promotes Jenkins to Central Region Vice President
L&W Supply Corp., Chicago, recently announced it has promoted Curt Jenkins to the position of vice president for the company’s Central Region. Prior to his promotion, Jenkins, who has been in the building materials industry for 35 years, was L&W Supply’s district manager in Texas. Jenkins, who has been with L&W Supply for 24 years, […]
L&W Supply Corp., Chicago, recently announced it has promoted Curt Jenkins to the position of vice president for the company’s Central Region. Prior to his promotion, Jenkins, who has been in the building materials industry for 35 years, was L&W Supply’s district manager in Texas. Jenkins, who has been with L&W Supply for 24 years, […]
Midwest Building Supply Distributor Famous Enterprises Discloses Data Breach
Akron-based Famous Enterprises, Inc. said on Friday that it recently began mailing letters to individuals whose information may have been compromised in a data security incident. Famous, which is a manufacturer and distributor of HVAC, plumbing, industrial and building products, said its computer systems were infected with malware on March 25 that encrypted data on […]
Olympic Steel Sells-Off Detroit Assets and Operations for $58.4M
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS) recently announced the sale of substantially all of the company’s Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the […]
Olympic Steel Sells Off Detroit Assets and Operations for $58.4M
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS) recently announced the sale of substantially all of the company’s Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold, was $58.4 million in cash, subject to a future working capital adjustment, which is expected to increase the […]
JIS Distribution Buys Erie Tool & Supply Co.
Cleveland-based JIS Distribution LLC. announced it has acquired the principal assets of Erie Tool & Supply Co. Erie Tool & Supply Co., which is headquartered in Toledo, Ohio. Erie Tool & Supply has served northwest Ohio and southeastern Michigan industrial customers for over 85 years. Financial terms of the deal weren’t available. Erie Tool & […]
JIS Distribution Buys Erie Tool & Supply Co.
Cleveland-based JIS Distribution LLC. announced it has acquired the principal assets of Erie Tool & Supply Co. Erie Tool & Supply Co., which is headquartered in Toledo, Ohio. Erie Tool & Supply has served northwest Ohio and southeastern Michigan industrial customers for over 85 years. Financial terms of the deal weren’t available. Erie Tool & […]
JIS Distribution Buys Erie Tool & Supply Co.
Cleveland-based JIS Distribution LLC. announced it has acquired the principal assets of Erie Tool & Supply Co. Erie Tool & Supply Co., which is headquartered in Toledo, Ohio. Erie Tool & Supply has served northwest Ohio and southeastern Michigan industrial customers for over 85 years. Financial terms of the deal weren’t available. Erie Tool & […]
Winsupply’s President on Building Better Employees, Supply Chains
Earlier this year, Winsupply President John McKenzie, who started as a customer service rep at the company in 1996, helped create and launch a scholarship program that was designed to educate and train future Winsupply presidents from all walks of life. During a recent MDM podcast, McKenzie talks about how Winsupply is addressing supply chain […]
HVAC Vendor Bluon Acquires XREF Publishing
HVAC vendor Bluon announced Thursday that it has acquired XREF Publishing Company, which is a provider of replacement part and cross reference part information that’s used by HVAC distributors in the U.S. Financial terms of the transaction weren’t available. XREF is a brand-agnostic, cross reference engine for distributors. It enables them to identify what replacement […]
Buckeye Industrial Supply Acquires Ray Industrial
Columbus, Ohio-based Buckeye Industrial Supply Co. (BIS), has acquired Ray Industrial Products, Inc. (RIPI), which is a distributor based in Van Wert, Ohio. Financial terms of the deal weren’t available. Buckeye Industrial Supply will keep the RIPI name at the Van Wert location and Gary Rager will continue to serve as the branch customer service […]
FleetPride Buys Chattanooga-based Truck Service Company
FleetPride, Inc., Irving, Texas, has struck a deal to buy the assets of Truck Service Company, Inc. Financial terms of the acquisition weren’t disclosed. Chattanooga, Tennessee-based Truck Service Company, which was founded in 1989, provides repair and service work for drivers and fleets across southern Tennessee and northern Georgia. Truck Service Company was founded by Jerry […]
Core & Main’s 2Q Sales Increase by 35.7%
Core & Main LP, which is based in St. Louis, on Tuesday reported second-quarter sales of $1.2 billion, up 35.7% compared to the year-ago quarter. Net income for the three months ended Aug. 1 decreased 47.5% compared the prior year period. “Core & Main delivered exceptionally strong performance in the second quarter, achieving record net […]
Core & Main’s 2Q Sales Increase by 35.7%
Core & Main LP, which is based in St. Louis, on Tuesday reported second-quarter sales of $1.2 billion, up 35.7% compared to the year-ago quarter. Net income for the three months ended Aug. 1 decreased 47.5% compared the prior year period. “Core & Main delivered exceptionally strong performance in the second quarter, achieving record net […]
84 Lumber Reopens Indiana Store after 2020 Fire
Building materials distributor 84 Lumber announced on Tuesday that it has officially re-opened its rebuilt Greenwood, Indiana store after the original building caught fire more than year ago. 84 Lumber has been in the Greenwood community since 1970 and serves the Greater Indianapolis area. The Greenwood store currently employs 34 associates and the company expects […]
Paragon Innovations is Acquired by TTI’s Exponential Technology Group
Paragon Innovations, a privately held engineering design services company based in Richardson, Texas has been acquired by TTI’s Exponential Technology Group (XTG). The deal gives Paragon, which was founded in 1990, the opportunity to partner with specialty electronic components distributors and design services. It will also strengthen Paragon’s ability to provide services under one corporation. […]
AGCO Buys Faromatics to Bring ‘ChickenBoy’ Under its Roof
Farm equipment manufacturer and distributor AGCO (NYSE: AGCO, based in Duluth, Georgia, has bought Farm Robotics and Automation S.L (Faromatics), which is a “smart” livestock farming company. Terms of Monday’s deal weren’t disclosed. Faromatics, which was founded in 2016, is the creator of ChickenBoy, which is a ceiling-suspended robot that monitors broiler chickens and helps […]
Is Measuring ROI Crucial or a Waste of Time in B2B E-Commerce?
Distributors are faced with many choices as they transition to e-commerce platforms, but when it comes to ROI, do distributors need to calculate every use case or should they focus on keeping it simple in order to get moving on their digital transformations? During the MasterB2B Un-Webinar “Why do ROI calculations often fall short for […]
