The board of directors for Pool Corp. (Nasdaq/GSM:POOL) declared a quarterly cash dividend of $0.80 per share. The dividend will be payable on March 24 to holders of record on March 10, the company said. Pool Corp. recently reported 2021 fourth-quarter sales of $1 billion, while year-end sales reached $5.3 billion. The post Pool Corp. […]
Category: Industry Events
Owens & Minor Picks New Board Member
Richmond, Virginia-based global health care solutions company Owens & Minor (NYSE: OMI) announced that Kenny Gardner, chief people officer at DaVita, Inc., will join its board of directors March 1. Gardner has nearly 20 years of experience developing process innovation, transformation and talent strategies. He also prioritizes the people side of businesses and possesses a […]
February 2022 M&A Roundup: Sonepar-Nautic Deal Closes out Month
The sheer number of merger-and-acquisition announcements in the distribution industry dropped off slightly in February, but there were still more than a few deals that will likely have impacts across multiple sectors. Private equity firm Nautic Partners, LLC says it has reached a definitive agreement with the Sonepar Group to acquire Vallen Distribution, a company […]
Tompkins Solutions Names New CEO
Raleigh, North Carolina-based supply chain consulting and services firm Tompkins Solutions has named David Latona as its new president and CEO. Latona is expected to begin his new role Monday. He is succeeding Denny McKnight, who is retiring after more than 30 years with Tompkins, the company said. “Denny was the person who brought me […]
Bradford White and PHCC Extend Partnership for 2022
Bradford White Corporation and PHCC announce the renewal of their exclusive strategic partnership agreement and confirm their joint commitment to promoting and strengthening the plumbing and HVACR industries.
HVACR Industry Faces Several Challenges This Year
The current and future state of the HVACR industry was the topic of a panel discussion at the AHR Expo in Las Vegas last month.
DriSteem Introduces Silver Ionization Filter
DriStreem announced the addition of a new Silver Ionization Filter to their catalog of products.
Phases of Selling Your HVAC Business
Selling a business is a roller coaster of emotion. If you are considering the sale of your company, be prepared for the following phases.
The Importance of Recovery, Reuse, and Reclamation of Refrigerants
There are many other refrigerant characteristics that can and should be considered, and I would like to highlight the importance of recovery, reuse, and reclamation of refrigerants.
Sonepar to Sell Vallen to Nautic Partners
Private equity firm Nautic Partners, LLC has reached a deal with the Sonepar Group to acquire Vallen Distribution, a company that provides supply chain solutions and services. The acquisition is happening in partnership with Vallen management. Nautic said the sale is anticipated to close “as soon as possible,” following regulatory approval. Financial details were not […]
Wrench Group Expands to Tucson
Wrench Group recently expanded into Tucson, Ariz. in a continuation of its “greenfield” growth strategy.
2022 Forecast Remains Strong Despite Inflation
The MDM Monthly Wholesale Forecast was little changed in January as the overall economic outlook for the wholesale distribution industry remains strong for 2022. These mostly positive indicators are happening partially because of inflation rates at 40-year highs. “Last month we were at 9.9% for the 2022 overall forecast, and now we’re at 10.9%,” says […]
ABM to Announce First Quarter 2022 Financial Results
ABM announced that it will release its earnings results for the company’s fiscal first quarter 2022 on Tuesday, March 8, 2022, after market close.
Lawson 4Q Sales Rise 4%
MRO distributor Lawson Products, Inc. (NASDAQ: LAWS) reported 2021 fourth-quarter net sales of $102.1 million, a 4% increase over the same period in 2020. Average daily net sales in 4Q improved 5.7% to $1.701 million, compared to $1.609 million in the prior year quarter on one less selling day. For the full year, ADS increased […]
Real GDP Increased 7% in 4Q
Real gross domestic product increased at an annual rate of 7% in the fourth quarter of 2021, according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 2.3%. The GDP estimate released Thursday is based on more complete source data than were available for the “advance” […]
RectorSeal Acquires Shoemaker Manufacturing
RectorSeal LLC has acquired Shoemaker Manufacturing, a manufacturer of grilles, registers, and diffusers (GRD).
Pros Team Up to Teach Skilled Trades
Facing a severe U.S. labor shortage in the skilled trades, professionals in those fields are joining forces to help local contractors grow technical talent in their back yards.
EVAPCO Acquires Systèmes LMP
EVAPCO, Inc. has acquired Systèmes LMP, Canada, forming a strategic alliance to pursue growing market demand for environmentally sustainable refrigeration systems using natural refrigerants.
Best Practices Are Key To Safe Refrigerant Transition
In order to install or service equipment containing new refrigerants, additional safety measures will need to be followed by HVAC contractors and technicians.
Danfoss Invites HVACR Industry Personnel to EnVisioneering Connect!
Danfoss announced EnVisioneering Connect!, its first-ever virtual conference specifically for the North American HVACR industry.
