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Category: Industry Events

Goods and Services Deficit Rises in August

Goods and Services Deficit Rises in August

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced Tuesday that the goods and services deficit was $73.3 billion in August, up $2.9 billion from a revised $70.3 billion in July. August exports were $213.7 billion, $! billion more than July exports. August imports were $287.0 billion, $4 billion more than July […]

Fischer Process Industries Acquires Frakes-PumpWorx

Fischer Process Industries Acquires Frakes-PumpWorx

Fischer Process Industries, Loveland, Ohio, has acquired primary pump and rotating equipment company Frakes-PumpWorx, Indianapolis. Financial terms of the deal weren’t disclosed. Frakes-PumpWorx specializes in modern techniques to make repairs to pump and rotating equipment, including a 24/7 field-and-service option. FPI  said it acquired Frakes-PumpWorx, in part, to offer an integrated service operation near Indiana’s […]

HARDI Distributors Report 26.4% Revenue Increase in August

HARDI Distributors Report 26.4% Revenue Increase in August

Heating, Air-conditioning & Refrigeration Distributors International (HARDI), Columbus, Ohio, released its monthly TRENDS report Monday, which showed the average sales performance by HARDI distributors increased 26.4% in August after posting a modest increase of 9.3% the prior month. The average annual sales growth for the 12 months through August was 18.7% percent, a new record […]

What Will Industry Events Look Like This Fall, and Beyond?

What Will Industry Events Look Like This Fall, and Beyond?

To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? After last year’s hiatus due to COVID-19, in-person events are back. Live industry events are critical for the industry because distribution’s foundation — sales — is built on face-to-face interactions. The […]

US Machine & Tool Acquired By Equity Firm Sixeight

US Machine & Tool Acquired By Equity Firm Sixeight

Tennessee-based growth equity firm Sixeight announced last week it had acquired computer numerical control fabricator US Machine & Tool, according to a news release. Sixeight, based in Knoxville, said it acquired US Machine & Tool because of its revenue and profit potential. The Murfreesboro-based machining and fabrication company has been in business for more than […]

US Machine & Tool Acquired By Equity Firm Sixeight

US Machine & Tool Acquired By Equity Firm Sixeight

Tennessee-based growth equity firm Sixeight announced last week it had acquired computer numerical control fabricator US Machine & Tool, according to a news release. Sixeight, based in Knoxville, said it acquired US Machine & Tool because of its revenue and profit potential. The Murfreesboro-based machining and fabrication company has been in business for more than […]

Winsupply Acquires HESCO Supply

Winsupply Acquires HESCO Supply

Winsupply Inc., Dayton, Ohio, on Monday announced it has completed the acquisition of HESCO Supply, an Atlanta-based electrical and utility business located that serves North Georgia and the Southeast. Financial terms of the deal weren’t disclosed. “We are thrilled to welcome the team from HESCO Supply into the Winsupply Family of Companies,” said Monte Salsman, […]

ABC Supply Promotes Leyden to Vice President of Residential New Construction Sales

ABC Supply Promotes Leyden to Vice President of Residential New Construction Sales

Building materials distributor ABC Supply Co. Inc., Beloit, Wisconsin, recently announced it has promoted Jeff Leyden to vice president of residential new construction sales. Leyden joined ABC Supply in 2010 when the company bought Bradco Supply Corp. Since 2016, he has led ABC Supply’s efforts to grow in residential new construction as director of residential […]