Both independent consolidators and OEMs are buying up distributors due to an ownership base that’s ready to sell and money available to buy.
Category: Digitization
Meet the incoming ASA President: The Granite Group's Bill Condron
Heading into his year as ASA President, CEO of New England PHCP distribution giant The Granite Group, Bill Condron, plans to continue the upward trajectory that both ASA and his company are on. Condron began his career in the industry stocking shelves in the warehouse of the family business. While he never intended to join […]
Huttig Sales Increase 15.3%
Because of an increase in residential construction activity compared to the third quarter of last year, 2021 3Q sales for building materials distributor Huttig Building Products (NASDAQ: HBP) were $245.3 million, a 15.3% jump over 2020. Huttig’s net income for the third quarter of 2021 was $18.7 million, a substantial increase over the reported $6.1 […]
Lessons From the Top: Leading Distributors Open Their Playbooks
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Eastern New Mexico University Granted HVAC Excellence Accreditation
The HVACR training program at Eastern New Mexico University, in Roswell, New Mexico has been granted accreditation.
US LBM Expands Again
Buffalo Grove, Illinois-based building materials distributor US LBM opened a new roofing and siding location in Millsboro, Delaware. US LBM says the move will allow it to expand its reach and product offering in the Mid-Atlantic region. The location is the company’s second to open in Delaware this year and the company’s 12th roofing- and […]
Graybar Acquires Metro
St. Louis-based electrical, communications and data networking distributor Graybar acquired Metro Electric Supply and Metro Lighting, a regional distributor that primarily serves homebuilders and contractors that specialize in residential, commercial and industrial projects. Financial details of the deal were not disclosed. Metro is also based in St. Louis. Metro is a regional distributor that serves […]
Global Industrial 3Q Sales Down
Global Industrial Co. (NYSE: GIC), the Port Washington, New York-based parent of Global Industrial, saw net sales and income drop in 2021’s third quarter compared to the same time a year ago. Net sales and income for the first nine months of the year, however, remained ahead of 2020 levels. The company reported 3Q net […]
HARDI Distributors Report Revenue Increase
HARDI released its monthly TRENDS report Oct. 28, showing an average sales performance increase of 21% during September 2021.
SiteOne Sales Up 25%
SiteOne Landscape Supply Inc. (NYSE: SITE), Roswell, Georgia, had 2021 third-quarter sales of $936.4 million, a 25% increase over the same period last year. The company’s 3Q net income also increased year-over-year, by 66% to $80 million. SiteOne reported gross profit of $340.5 million for 3Q, a 36% jump over last year. “Our excellent momentum […]
Growth Firm Invests in Parts Town
Los Angeles-based growth investment firm Leonard Green & Partners, L.P. has invested in Parts Town, a distributor of original-equipment-manufacturer foodservice parts. Addison, Illinois-based Parts Town called the investment “significant,” though no financial details were disclosed. Existing investor Berkshire Partners will retain its majority stake in the company, reinvesting alongside the Parts Town management team and […]
Smart Thermostats Help Consumers Cut Energy Costs
The smart thermostat market continues to get crowded.
EPA Finalizes Rule On Non-Refillable Cylinder Ban
What the impending phasedown of HFCs means for contractors is that some of the most used refrigerants will become less available over the next 15 years.
ASA distributors report another large sales increase
Respondents to ASA’s monthly sales report enjoyed a median sales increase of 19.3% for September 2021 vs. September 2020. Worth watching going forward, in comparison to the previous month — September 2021 vs. August 2021 — respondents reported a decline in median sales of -3.0%.
ASA releases special industry compensation study
The American Supply Association recently published the first of two special industry compensation studies. The first study, which focuses on driver and warehouse worker compensation levels, plus also dives into inside and outside sales positions and showroom sales personnel, covers the time period of June 1 through Aug. 31, 2021.
Animal Sanctuary Receives Donated Ice Machine
The Refrigeration School Inc. (RSI) in Phoenix, Arizona, in partnership with Clear Channel Outdoor, recently donated and installed an ice machine at Aimee’s Animal Sanctuary in Queen Creek, Arizona, to help protect more than 100 special needs animals from severe heat.
UL Approves Increased R-290 Charge Limits
Recently, the Underwriters Laboratory (UL) has approved the second edition of its UL 60335-2-89 standard, which includes higher R-290 charge limits that would expand its potential uses in commercial refrigeration.
California Looks For Additional HFC Reductions
In a recent public workshop, members of the California Air Resources Board (CARB) discussed how its ambitious HFC emission-reduction program is shaping up.
Bonney Acquires Boyd Plumbing Inc.
Graybar Acquires Steven Engineering
St. Louis-based electrical, communications and data networking distributor Graybar completed its acquisition of Steven Engineering, Inc., an automation, motion control and pneumatic solutions company based in South San Francisco. Financial terms of the deal were not disclosed. As a subsidiary of Graybar, the company will operate under the Steven Engineering name with the same leadership […]
