Advance U.S. selected services total revenue for the third quarter of 2021 was $4,524.9 billion, an increase of 3.7% over 2021’s second quarter and 15.2% over the third quarter last year, according to a report from the U.S. Census Bureau. The first quarter of 2021 to second quarter of 2021 percentage change was revised from […]
Category: Digitization
NSI Industries Acquires Duro Dyne Corp.
NSI Industries, LLC announced the acquisition of Duro Dyne® Corp., a Bay Shore, N.Y. sheet metal manufacturer for the heating, ventilating, and air conditioning industry.
AZEK Sees 4Q Rebound
Chicago-based AZEK Company Inc., a manufacturer of low-maintenance and environmentally sustainable outdoor living products, announced fiscal 2021 fourth-quarter net sales of $346.1 million, a 31.1% increase over the same period in 2020. “The AZEK Company delivered another impressive quarter and year – our first full year as a public company – with record growth in […]
NSI Acquires Duro Dyne
Huntersville, North Carolina-based provider of electrical product solutions NSI Industries, LLC acquired Duro Dyne Corp., a Bay Shore, New York-based sheet metal manufacturer for the heating, ventilating and air conditioning industry. Financial terms were not disclosed. NSI said the acquisition adds the HVAC market to the company’s distribution model with a company that already has […]
Facts + Figures: AHRI Shipment Data for August 2021
Industry figures are estimates that are derived from the best available figures supplied by a sample of AHRI member companies.
Worthington Industries Requests EPA Repeal Ban On Non-Refillable Cylinders
Worthington Industries, Inc. announced that it has filed a petition for partial administrative reconsideration with the EPA regarding the ban on non-refillable cylinders.
Distribution Trends November 2021 Roundup
Read the latest headlines in this month’s distribution trends roundup.
More Complete Picture of HFO Refrigerant Degradation Comes Into Focus
New research indicates that Advanced Climate Technologies—including low-GWP HFCs, HFOs, and blends—are safe and reliable solutions for the long term.
The SEER Group LLC Acquires Majority Stake in Brower Mechanical
The SEER Group LLC announced its seventeenth acquisition, a majority stake in Brower Mechanical in Rocklin, CA.
New Practices in a Pandemic Recruiting Battle
There is a war on top talent, and distributors need to arm themselves with a different set of tools to be successful, according to John Salvadore, managing partner at Global Recruiters Network-Coastal (GRN Coastal), a search firm specializing in distribution and manufacturing. “In the past, it was always the company looking at the candidate and […]
FleetPride Acquires Jim’s Truck & Trailer
Irving, Texas-based FleetPride Inc. acquired the assets of Jim’s Truck & Trailer Equipment, which provides heavy-duty parts and services to customers in north Texas and southwest Oklahoma. Financial details were not disclosed. Jim’s Truck & Trailer Equipment is based in Wichita Falls, Texas, and was founded in 1971. The company, owned by Jim Martin, offers […]
Ace Has ‘Record’ 3Q
Oak Brook, Illinois-based Ace Hardware Corporation reported “record” third-quarter revenues of $2 billion, an increase of $28.1 million, or 1.4%, from the third quarter of 2020. Ace’s net income for 2021 3Q was $99.3 million, an increase of about $600,000 over the third quarter of 2020. U.S. retail same-store-sales reported by the approximately 3,400 Ace […]
Bunzl Acquires 2 U.K. Companies
International distribution and services group Bunzl plc acquired two companies based in the U.K. Bunzl acquired Workwear Express, based in Durham, U.K., a leading business in personalized workwear and promotional clothing with a strong e-commerce focus. Workwear Express serves a “broad range of customers” and in the year to March 2021 generated £29 million of […]
ABC: 78% of Contractors Using New Tech
Roughly 78% of Associated Builders and Contractors members have implemented new technology in the past two years, with software platforms for project management and accounting as the prime focus of implementation teams, according to ABC’s first-ever construction technology report. ABC released the report Thursday as part of its mission to study innovative technology and tools […]
Sentinel Capital Acquires Empire Auto
New York-based Sentinel Capital Partners, a private equity firm that invests in midmarket companies, acquired Empire Auto Parts, a Totowa, New Jersey-based specialty distributor of aftermarket collision parts. Financial terms of the deal were not disclosed. Empire operates five distribution hubs and 22 satellite delivery locations in 16 contiguous eastern U.S. states. The company has […]
Murphy Company Completes Asset Acquisition Of State Mechanical
Murphy Company has closed on the asset acquisition of State Mechanical.
MSC Partners With University
The University of Tennessee, Knoxville and MSC Industrial Supply Co. (NYSE: MSM) on Wednesday announced a new a public-private research partnership aimed at advancing machining. MSC’s metalworking specialists will work closely with undergraduate and graduate students and manufacturers to conduct research that will enable and drive innovation in smart manufacturing,” the company said. The Machine […]
Mistakes to Avoid When Selling an HVACR Business
Successful HVACR business owners know what it takes to run a business, but selling it requires a different expertise. Here are some ways to avoid the most common and costly mistakes made during a sale process.
North Montco Technical Career Center Granted HVAC Excellence Accreditation
HVAC Excellence announced that the HVACR training program at North Montco Technical Career Center in Lansdale, PA has been granted accreditation.
Challenging the Custom AHU Status Quo
Designing, selling, and producing AHUs is a long process. Is there anything we can do to accelerate the process?
