Free 2024 Mobile Engagement Guidebook for Distributors

Category: Business Texting

Arrow Approves $600M Stock Repurchase

Arrow Approves $600M Stock Repurchase

The board of directors for electronic components distributor Arrow Electronics Inc. (NYSE: ARW) approved a plan to buy up to an additional $600 million of common stock through a share repurchase program. Since the fourth quarter of 2016, the company has repurchased approximately $2 billion worth of shares.’’ “Our growth, profitability, and the effective management […]

Why Price Visibility is Important for Distributors

Why Price Visibility is Important for Distributors

I constantly see companies with great revenue management, pricing and go-to-market strategies that produce mediocre results. The problem? Price execution. A strategy is only as good as the execution. This is especially important for companies with complex route to market structures; going from distributors, wholesalers, retailers and other partners means everybody takes a piece of the […]

Solve Acquires Bearings Limited

Solve Acquires Bearings Limited

Solve Industrial Motion Group, a Charlotte, North Carolina-based portfolio company of Audax Private Equity, has acquired Bearings Limited, a leading manufacturer of bearings and power transmission components under the Tritan brand. Headquartered in Hauppauge, New York, Bearings Limited has an extensive offering of more than 25,000 Tritan products and services customers from six regional locations, […]

New Residential Construction Up Slightly

New Residential Construction Up Slightly

The U.S. Census Bureau says privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000, a 3.6% increase over the revised October rate of 1,653,000 and 0.9% above the November 2020 rate of 1,696,000. Single‐family authorizations in November were at a rate of 1,103,000, this is 2.7% […]

Pool Corp. Finalizes Porpoise Acquisition

Pool Corp. Finalizes Porpoise Acquisition

Covington, Louisiana-based Pool Corporation (Nasdaq/GSM:POOL) says it has completed its previously announced acquisition of Largo, Florida-based Porpoise Pool & Patio, Inc. and its subsidiaries. Porpoise’s primary operations include Sun Wholesale Supply, Inc., a wholesale distributor of swimming pool and outdoor-living products. It also services Pinch A Penny, Inc., a franchisor of pool and outdoor living-related […]

OTC Acquires TP Pump

OTC Acquires TP Pump

Columbus-based Ohio Transmission Corporation — an industrial equipment service provider and distributor — acquired TP Pump, a provider of pump lines for commercial, domestic, municipal, industrial and fire markets in New Mexico and northern Arizona. TP Pump will operate under OTC’s Pump Motor Technology Segment. The company marks the second acquisition OTC announced this week. […]

Genuine Parts to Acquire Kaman Distribution Group Under Motion Subsidiary

Genuine Parts to Acquire Kaman Distribution Group Under Motion Subsidiary

Genuine Parts Company (NYSE: GPC) on Thursday announced it has entered into a definitive agreement to acquire Kaman Distribution Group under GPC’s wholly-owned subsidiary, Motion Industries, Inc. The acquisition of KDG from private investment firm Littlejohn & Co. is valued at approximately $1.3 billion, according to GPC. The transaction is expected to close in the […]