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 […]
Category: Operations
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 […]
Motion Names New VP
Birmingham, Alabama-based Motion Industries, Inc. has promoted John Watwood to vice president of operations integration. The move is effective immediately. Watwood moves to this position from vice president/group executive for the Southeast, to which he was promoted in 2019. In his new and expanded role, he will be responsible for Motion’s distribution and fulfillment network, […]
ABC Supply Adds Texas Location
Building materials distributor ABC Supply Co. Inc., Beloit, Wisconsin, has opened a new location in Baytown, Texas. The new location is at 101 N. Robert C Lanier Drive and is managed by Ali Charara. Charara joined ABC Supply in 2019 and was promoted to branch manager this year. The location’s hours are 7 a.m. to […]
Lowe’s 3Q Sales and Earnings Up
Lowe’s Companies, Inc. (NYSE: LOW), Mooresville, North Carolina, reported 2021 third-quarter net earnings of $1.9 billion and diluted earnings per share (EPS) of $2.73, compared to net earnings of $692 million and diluted EPS of $0.91 in the third quarter of 2020. Excluding charges in the prior-year period related to the extinguishment of debt, 3Q […]
Home Depot 3Q Sales Increase
The Home Depot Inc. (NYSE: HD), Atlanta, Georgia, reported 2021 third-quarter sales of $36.8 billion, an increase of $3.3 billion, or 9.8% from the same period last year. Comparable sales for the third quarter of fiscal 2021 increased 6.1%, and comparable sales in the U.S. increased 5.5%. Net earnings were $4.1 billion, or $3.92 per […]
Tompkins Solutions Adds VP
Raleigh, North Carolina-based supply chain consulting and services firm Tompkins Solutions has named Roy Smith vice president of sales of its material handling integration division. Smith will be responsible for driving sales revenue and growth by building and maintaining customer relationships and delivering “best-in-breed material handling integration solutions,” the company said. “We are excited to […]
Sonepar Unveils New Logo
Electrical and industrial distributor Sonepar has rebranded itself by unveiling a new logo. The company announced the change Tuesday. It is the first time in two decades that Sonepar has rebranded. “Sonepar is proud to launch a new brand identity to support the Group’s ambition to remain the world leader in B-to-B electrical products, systems, […]
How Supply Chain, Inflation and Labor Issues are Impacting Imperial Dade
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Global Industrial Appoints Storch
Global Industrial Company (NYSE:GIC), a distributor of industrial products and MRO supplies, appointed Adina Storch to senior vice president, general counsel and corporate secretary. Storch reports to Barry Litwin, Global Industrial CEO, and will be responsible for managing the company’s legal, risk management and compliance functions. She also will serve as corporate secretary to the […]
BradyIFS Acquires Seaway Supply
West Coast-based foodservice, janitorial and sanitation distributor BradyIFS acquired Seaway Supply Company, a Maywood, Illinois-based distributor and provider of foodservice disposables, janitorial supplies, industrial packaging and cleaning equipment. Financial terms of the acquisition were not announced. The acquisition is expected to expand BradyIFS’ presence in the upper Midwest and will open the door to “additional […]
City Electric to Acquire Soligent
Dallas-based electrical wholesale distributor City Electric Supply Company has reached an agreement to acquire solar distributor Soligent and its solar distribution, engineering services and project financing business. Financial details of the agreement were not disclosed. The transaction is expected to close at the end of November, subject to regulatory and other approvals and conditions, according […]
RBC 2Q 2022 Sales Up
Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL), Oxford, Connecticut, reported 2022 fiscal second-quarter net sales of $160.9 million, a 10% increase over the same quarter a year ago. RBC’s net income was $23.5 million, a slight increase over the $23.2 million reported in fiscal 2021’s second quarter. For the first six months of FY 2022, […]
US LBM Pledges $100K for Vets
US LBM, a building materials distributor based in Buffalo Grove, Illinois, pledged $100,000 to the Gary Sinise Foundation’s R.I.S.E. Program (Restoring Independence, Supporting Empowerment), which builds mortgage-free, specially adapted smart homes for “severely wounded heroes,” the company said. “The work of the Gary Sinise Foundation aligns with two important focus areas of the US LBM […]
R&R Hardwood Sold
Boise-based hardwood flooring products distributor R&R Hardwood Distributors, Inc. has been sold to a private investor, according to Generational Equity, a mergers-and-acquisitions advisor for privately held businesses. The acquisition closed in September, but Generational Equity announced the sale Thursday. Financial details were not disclosed. The private investor who purchased R&R was not named. R&R’s product […]
Beacon Honors 6 Veterans
Roofing material and building products distributor Beacon (Nasdaq: BECN) on Thursday announced the winners of its 3rd annual Beacon of Hope contest, which rewards six veterans with new roofs. Beacon said it will deliver and secure roof replacements for the six veteran contest winners at no cost to the recipients. Six second-prize winners also will […]
Pool Corp. Acquiring Florida Company
Covington, Louisiana-based Pool Corp. (Nasdaq/GSM:POOL) this week signed an agreement to acquire Largo, Florida-based Porpoise Pool & Patio, Inc., including its main operating subsidiaries, Sun Wholesale Supply, Inc. and Pinch A Penny, Inc. The agreement’s financial details were not disclosed. Sun Wholesale Supply, Inc. distributes swimming pool and outdoor-living products, including a specialty chemical packaging […]
Core & Main Finalizes Catalone Acquisition
St. Louis-based Core & Main Inc. (NYSE: CNM) — a specialized distributor of water, wastewater, storm drainage and fire protection products — finalized its previously reported deal to acquire the assets of Catalone Pipe & Supply Co., a full-service provider of waterworks products and services, and custom concrete catch basins, based in Penfield, Pennsylvania. “The […]
Midland Acquires Century Brass
Kansas City, Missouri-based Midland Industries acquired Century Brass Products, a distributor of machined brass fittings and valves to the plumbing industry headquartered in Long Island, New York. Financial details of the deal were not disclosed. Midland is a portfolio company of Wynnchurch Capital, which in June acquired Washington-based residential door distributor Trimlite. “The acquisition of […]
Amazon Expands Operation Sites
Amazon (NASDAQ: AMZN) this week said it will open three new operations facilities in Alabama, including a delivery station in Birmingham, a fulfillment center in Huntsville and a receive center in Montgomery. “We are proud to continue our investment in Alabama with thousands of good jobs and new, state-of-the-art operations facilities,” said Brian Huseman, vice […]
