Construction spending in November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau. The November total was 9.3% above the November 2020 estimate of $1,487.2 billion. During the first 11 months of 2021, construction spending amounted to […]
Category: Business Texting
Monthly Construction Spending Up 0.4%
Construction spending in November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau. The November total was 9.3% above the November 2020 estimate of $1,487.2 billion. During the first 11 months of 2021, construction spending amounted to […]
Avnet Names New Group Leader
Avnet Inc. (Nasdaq: AVT) of Phoenix has named Dayna Badhorn its regional president for Americas electronics components. The move is effective immediately. Badhorn will oversee activities tied to Avnet’s electronics components business in the Americas and manage operations teams supporting business in the region. Badhorn, a 23-year veteran at Avnet, most recently worked as global […]
Lawson Merging with TestEquity, Gexpro Services
MRO distributor Lawson Products, Inc. (NASDAQ: LAWS) and private investment firm LKCM Headwater Investments reached a merger agreement that will allow Lawson to combine TestEquity and Gexpro Services in an “all-stock transaction.” TestEquity and Gexpro Services are currently two of LKCM Headwater’s portfolio companies. The deal will allow Lawson to combine the two companies in […]
Connectivity Improves Performance of Water Heaters, Boilers
A.O. Smith Corp. has been promoting the connected features of its name-brand water heaters, as well as its Lochinvar offerings.
Contractors: Plan for State and Local Taxes or Your Bottom Line Will Take the Hit
Every state has its own sales tax rules for contractors, and it is imperative your business is familiar with the rules and regulations prior to preparing a bid.
Daikin Announces Daikin ATMOSPHERA with R-32 Refrigerant
Daikin is launching a residential product featuring R-32.
New Year Marks Start of HFC Phasedown In U.S.
Welcome to the first stage of the HFC phasedown as mandated by the AIM Act. As of January 1, 2022, the production of HFC refrigerants has been reduced by 10%.
Legislation Driving the Next Generation of Refrigerants
As the refrigerant transition occurs, safety standards and building codes must be updated.
Obstacles to Energy Efficiency Upgrades Are Invisible but Obvious
About four-fifths of respondents to a recent study “would make their homes more energy-efficient if they had the means to do so.”
DunAn Environment Selects R-466A
Honeywell announced Zhejiang DunAn Artificial Environment Co., Ltd. will assist in driving the HVAC industry transition to Solstice® N41 (R-466A) by developing their product line of HVAC components as compatible.
FMI Files Emergency Stay On Vaccine Mandate
The FMI expressed disappointment with the Sixth Circuit Court of Appeals decision to lift the judicial stay barring implementation and enforcement of the OSHA ETS on COVID-19 vaccination and testing for private businesses.
New Geothermal Association Holds Inaugural Annual Conference
The International Ground Source Heat Pump Association joined with the National Groundwater Association during Groundwater Week at the Music City Convention Center in Nashville.
Carrier Announces Retirement of Director and Former Executive Chairman John V. Faraci
Carrier Global Corporation announced that director John V. Faraci will not stand for re-election at the company’s upcoming Annual Meeting of Shareowners.
December 2021 M&A Roundup: Genuine Parts’ Acquisition of Kaman Highlights Month
Genuine Parts Company became the talk of the distribution world in December when it entered into a definitive agreement to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc. The acquisition from private investment firm Littlejohn & Co. has been valued at approximately $1.3 billion in cash, and the transaction is expected to […]
The Top HVACR Articles of 2021
The more things change… the more they stay the same. The ACHR NEWS released its list of the most popular articles posted in 2021.
ACI Mechanical Wins Johnson Controls Best of Brands Recognition Award for FY2021
ACI Mechanical & HVAC Sales was awarded the Johnson Controls Best of Brands recognition award for outstanding sales growth for the Ruskin brand.
Resideo Unveils New Services, Solutions, and Tools to Unify Portfolio and Provide Partner Support
Resideo Technologies Inc. recently hosted its 32nd annual CONNECT event. The event brought together security and HVAC customers for training, community service, new product, and technology announcements, and to celebrate partner achievements.
2022 Distribution Operations Outlook: Level-Setting in a Challenging Environment
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? The post 2022 Distribution Operations Outlook: Level-Setting in a Challenging Environment appeared first on Modern Distribution Management.
Crawford Unveils ‘Open-Concept’ Branch
Sonepar company Crawford Electric Supply is opening a new 12,000-square-foot “open-concept” branch in Texas, the company announced. The new location, 23 miles from Austin, includes combined warehouse and counter space to allow customers to self-serve when picking material, Crawford said. Customers can walk the aisles to shop more than 2,600 SKUs of inventory and reduce […]
