We all know that COVID-19 forced many distributors to rapidly increase their online presence to meet growing demands from customers for self-service and online product information. This shift to more digital self-service, paired with an increasing demand for remote interaction with sales reps, is the new norm. According to a recent study by McKinsey and […]
Category: Business Texting
Southwire Partners with Copper Mark
Carrollton, Georgia-based Southwire Company, LLC has partnered with the Copper Mark, a sustainability initiative and designation for businesses in the copper value chain. The Copper Mark is an assurance framework that “promotes the responsible production of copper,” Southwire said. The designation is intended to show the copper industry’s contribution to sustainable development and provides a […]
Sonepar Acquires Belgian Company
Belgium-based electrical distributor and Sonepar Group member Cebeo has acquired Electro Meers, a distributor of electro-technical material also based in Belgium. Financial terms were not announced. The deal is expected to take effect April 1. Electro Meers accounts for an annual turnover of approximately €5 million (USD $5.658 million). The four associates of Electro Meers […]
Jon Zucker Named President of CASPR Group
Environmental health technology company CASPR Group announced Jon Zucker as its president. Zucker joined CASPR in late 2021.
Semcon and Absolent Air Care Group Develop New Modular Carbon Filter System
Semcon is supporting Absolent Air Care Group in the development of a new type of modular carbon filter system for air purification.
Buy Now, Pay Later Grows as Option for Funding HVAC Repairs, Replacements
Buy now, pay later, known better as BNPL, is the hottest trend in finance these days. So how does it work?
Improving Indoor Air Quality and Education with VRF and Slimduct RD
Learn how Raritan High School improved ventilation with a new VRF system, and benefited from extra protection and insulation by using Slimduct RD commercial lineset cover.
COVID Fueled Tech Upgrades; Momentum Defines 2022 Expectations
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Johnson Controls Unveils OpenBlue Indoor Air Quality as a Service Solution
Johnson Controls announced the launch of OpenBlue Indoor Air Quality as a Service. The new offering is the first dedicated “as-a-service” IAQ solution for buildings.
Fastenal Sales Rise 6.4% in 2021
Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported year-end 2021 sales of more than $6 billion, a 6.4% increase over 2020. The company also reported 2021 fourth-quarter net sales of more than $1.5 billion, 12.8% more than during the same period in 2020. Fastenal reported a yearly gross profit of $2.77 billion, with net earnings […]
New Residential Construction Rises Again in December
Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,873,000, 9.1% above the revised November rate, according to data released by the U.S. Census Bureau. The December 2021 rate was 6.5% above the December 2020 rate of 1,758,000. Single‐family authorizations in December were at a rate of […]
Trane Named America’s Most Trusted HVAC Brand
Trane has been named America’s Most Trusted HVAC Systems brand by Lifestory Research for the eighth year in a row since 2015.
California Details Decarbonization Plan
California is usually at the forefront of most environmental movements in the U.S., and its plan to aggressively reduce — and ultimately eliminate — carbon emissions is no different.
Gustave A. Larson Acquires Progress Supply Inc.
The Gustave A. Larson Company announced that it closed on the purchase of Progress Supply, Inc.
Distribution Trends News Roundup: January 2022
HARDI sales up in November; Marcone buys Munch’s; Superior Equipment Sales Inc. offers loyalty program to all customers; HARDI raises Nearly $135K for Housing For Veterans; and APR Supply Co. celebrates its centennial.
Modernizing Channel Relationships: There’s an App for That
An increasing number of digital platforms are emerging across distribution verticals, each with a unique value proposition. One example is a start-up called Factrees, which last month emerged from stealth mode with an AI-powered platform intended to digitally transform and modernize how business partners connect on the selling side in the construction products channel. In […]
Milwaukee Area Technical College Granted HVAC Excellence Accreditation
HVAC Excellence announced that the HVACR training program at Milwaukee Area Technical College in Milwaukee, Wisconsin has been granted accreditation.
Turtle & Hughes Promotes 2 Execs
Linden, New Jersey-based electrical distributor Turtle & Hughes has promoted two executives to lead its Los Angeles office. Aram Marandyan has been named vice president of sales, and Dan Pinshaw will succeed him as branch manager, the company said. The company said the two are being recognized for “advancing the company’s market presence as a […]
Proton.ai Closes $20M in Funding
Boston-based artificial-intelligence-powered growth platform Proton.ai has closed $20 million in Series A funding, led by Felicis Ventures. Proton said the funding will help it expand its AI-powered growth platform for distributors that compete in the “increasingly digital world with an AI-powered sales enablement solution created for the unique dynamics of B2B distributors.” “We are excited […]
Bluon Adds Financing for HVAC-R Tech
Irvine, California-based Bluon, Inc. — a company that offers tools, training and round-the-clock tech support to HVAC-R technicians — announced the closing of its Series B round with $27.6 million in equity financing. The financing round was led by Bluon’s existing primary capital partner, Ecosystem Integrity Fund, and included significant participation from MacKinnon, Bennett & […]
