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Category: Industry Events

OTC Nets 3rd Acquisition in Week

OTC Nets 3rd Acquisition in Week

Columbus-based Ohio Transmission Corporation — an industrial equipment service provider and distributor — acquired Diversified Pump, a provider of pumps, heat exchangers, gas compressors and service to industrial customers throughout the New England region. Financial details were not disclosed. The acquisition is the third OTC has announced in the past week. The company also acquired […]

Pearlman Group Acquires Vector Tools

Pearlman Group Acquires Vector Tools

The Pearlman Group, a portfolio company of The Stephens Group, LLC, has acquired Advanced Diamond Technologies, Inc., whose trade name is Vector Tools. Financial terms of the transaction were not disclosed. The Pearlman Group is a multi-channel developer and specialty distributor of supplies, tools and equipment used in the fabrication, maintenance, cleaning and restoration of […]

Arrow Approves $600M Stock Repurchase

Arrow Approves $600M Stock Repurchase

The board of directors for electronic components distributor Arrow Electronics Inc. (NYSE: ARW) approved a plan to buy up to an additional $600 million of common stock through a share repurchase program. Since the fourth quarter of 2016, the company has repurchased approximately $2 billion worth of shares.’’ “Our growth, profitability, and the effective management […]

Why Price Visibility is Important for Distributors

Why Price Visibility is Important for Distributors

I constantly see companies with great revenue management, pricing and go-to-market strategies that produce mediocre results. The problem? Price execution. A strategy is only as good as the execution. This is especially important for companies with complex route to market structures; going from distributors, wholesalers, retailers and other partners means everybody takes a piece of the […]

Solve Acquires Bearings Limited

Solve Acquires Bearings Limited

Solve Industrial Motion Group, a Charlotte, North Carolina-based portfolio company of Audax Private Equity, has acquired Bearings Limited, a leading manufacturer of bearings and power transmission components under the Tritan brand. Headquartered in Hauppauge, New York, Bearings Limited has an extensive offering of more than 25,000 Tritan products and services customers from six regional locations, […]

New Residential Construction Up Slightly

New Residential Construction Up Slightly

The U.S. Census Bureau says privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000, a 3.6% increase over the revised October rate of 1,653,000 and 0.9% above the November 2020 rate of 1,696,000. Single‐family authorizations in November were at a rate of 1,103,000, this is 2.7% […]

Pool Corp. Finalizes Porpoise Acquisition

Pool Corp. Finalizes Porpoise Acquisition

Covington, Louisiana-based Pool Corporation (Nasdaq/GSM:POOL) says it has completed its previously announced acquisition of Largo, Florida-based Porpoise Pool & Patio, Inc. and its subsidiaries. Porpoise’s primary operations include Sun Wholesale Supply, Inc., a wholesale distributor of swimming pool and outdoor-living products. It also services Pinch A Penny, Inc., a franchisor of pool and outdoor living-related […]