November 2021 was a busy month on the M&A front for multiple companies, including Brady IFS, Graybar and US LBM, all of which struck more than one deal during the month. The M&A activity continued an upward trend from October, as well as this year’s third quarter. (See MDM’s 3Q 2021 M&A report for a […]
Category: Digitization
Platform Raises $16M to ‘Enhance’ Ordering
Pepper, an e-commerce platform for food distributors, has raised $16 million in Series A funding to “enhance the ordering experience” for distributors serving more than 25,000 restaurants and grocery stores in the U.S. and Canada, the company announced. Index Ventures led the round of funding, with participation from Greylock, Imaginary Ventures, BoxGroup, Moving Capital and […]
AllPoints Partners With Dormont
AllPoints, a Mt. Prospect, Illinois-based foodservice parts and supplies provider, has agreed to a master distributor relationship with Dormont, a manufacturer of stainless-steel gas connectors with its U.S. office in Export, Pennsylvania. AllPoints will take a “strong inventory position” of Dormont products, with a goal of improved Dormont fulfillment in an effort to reduce supply […]
THE SOLAR FORUM: The Nation’s First HVAC & Solar Event
ACCA has teamed up with Pearl Certification to present The Solar Forum, an event designed to help residential HVAC contractors stay ahead of the game in the rapidly evolving home services industry.
California To Conduct Decarbonization Workshop
On Monday, Dec. 13, from 9 a.m. to 3 p.m. PT, CARB will conduct an online workshop that will offer an update on California’s building decarbonization efforts.
Crescent CEO Named Leader to Watch
Scott Teerlinck, president and CEO of East Dubuque, Illinois-based Crescent Electric Supply has been named a “CEO to Watch” by Family Business Magazine. Teerlinck is the second non-family-member CEO of Crescent, which was founded more than 100 years ago. He joined the company in May 2020. “Scott has brought a fresh perspective and a sense […]
For Federal Contractors, Vax Requirement Extends Through a Company and Beyond
For companies doing work for the federal government, the Biden Administration’s vaccine requirements are stricter.
Small Stores May Struggle With Refrigerant Transition
The HFC phasedown is designed to create an economic supply imbalance with demand.
Chris Fasano: The value of our industry's trade association continues to amaze
As another year comes to a close, I cannot help but to look back and reflect on how resilient and successful our association was during another year of disruption. For a second straight year, our world struggled with a worldwide pandemic and unprecedented supply chain disruption. But one thing remains constant. Our association and our […]
HVAC Industry Loses Lifelong Friend, Expert, Innovator
Charles (Chuck) F. Applebee, Jr., 76, peacefully passed away Monday, October 4, 2021, at his residence surrounded by his loving family.
Earnest Machine, Gustave A. Larson Embrace Sales Team Restructure
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 Earnest Machine, Gustave A. Larson Embrace Sales Team Restructure appeared first on Modern Distribution Management.
Forbes: WESCO Among Best Employers
Forbes Magazine says Pittsburgh-based WESCO International Inc. is among the World’s Best Employers and one of America’s Best Employers for Women. The awards were presented by Forbes and Statista Inc., a statistics portal and industry ranking provider. The awards were selected based on independent surveys of 150,000 full-time and part-time workers from 58 countries around […]
Interfor to Acquire EACOM
Interfor Corporation — a British Columbia-based, growth-oriented forest products company with operations in Canada and the U.S. — has reached an agreement with an affiliate of Kelso & Company to acquire 100% of the equity interests of EACOM Timber Corporation. EACOM is based in Quebec. The purchase price was more than $383 million (C$490 million) […]
Deere Fiscal 4Q Improves
Moline, Illinois-based Deere & Company reported net income of $1.283 billion for the fiscal fourth quarter of 2021, compared with net income of $757 million for the quarter ending Nov. 1, 2020. For fiscal year 2021, net income attributable to Deere & Company was $5.963 billion, or $18.99 per share, compared with $2.751 billion, or […]
Synergy Group Nets Green Award
Synergy Group, a Singapore-based ship manager, earned the first Green Award certificate given to a container ship, the company said. The company earned the certificate for its Cap San Maleas vessel, a seven-year-old, 131,095 dead-weight tonnage ship. Surveyors for the Green Award, an organization based in the Netherlands, awarded Synergy Group the certificate after performing […]
ASHRAE Expert Talks Future of Indoor Air Quality, Energy Control Post-Pandemic
The sudden onset of COVID-19 catapulted IAQ into the spotlight. What will happen to IAQ enthusiasm when the pandemic fades?
AAON to Participate in Credit Suisse Global Industrials Conference
AAON, Inc. announced that their CEO and CFO will participate in a virtual fireside chat at the Credit Suisse Global Industrials Conference.
The 3-4-5 Rule for Walk-In Coolers And Freezers
During the installation of a new walk-in cooler or freezer, it is imperative the box remain square and level during the assembly of its panels.
Mike Miazga: How bad is the current labor situation?
The topic of labor has been front and center for quite some time now inside and outside of this industry. But it wasn’t until the recent Thanksgiving holiday break that it really hit home as to just how bad the current situation is. While waiting for my daughter to finish a recent fitness class, I […]
Wholesale Distribution Revenue Growth Rate Ticks Upward
The anticipated revenue growth rate for U.S. wholesale distributors in 2021 ticked up slightly in November based on 10 months of data, rising from the 20.8% October forecast to 21.3%, according to the latest monthly industry forecast produced exclusively for MDM by the University of Colorado Boulder Leeds School of Business. The 2022 forecast also […]
