BradyIFS — the company that composes recently merged janitorial supply, equipment and foodservice distributors Brady Industries, Las Vegas, and Individual Foodservice, Bell, California — on Friday announced the acquisition of Fishman Supply Co., Petaluma, California, and Armstrong Paper Group, Santa Rosa, California. Financial terms of the deals weren’t disclosed. Fishman and Armstrong are distributors of […]
Category: Operations
US LBM Acquires Texas-Based Oldham Lumber
Building materials distributor US LBM, Buffalo Grove, Illinois, on Friday announced it has acquired Oldham Lumber Co., a supplier that serves professional builders in North Texas, including the Dallas-Fort Worth Metroplex. Financial terms of the deal weren’t disclosed. Founded in 1921, Oldham Lumber provides lumber, plywood, engineered wood and framing materials to residential builders and […]
Heritage Pool Supply Group Acquires Quality Pool Supply
Heritage Pool Supply Group, a McKinney, Texas-based platform company of landscape distributor Heritage Landscape Supply Group Inc. (itself a subsidiary of SRS Distribution), on Friday announced it has acquired Quality Pool Supply Co., a Clio, Michigan-based wholesale distributor of pool and spa products in the Midwest. Financial terms of the deal were not disclosed. Founded […]
Graybar Canada Acquires Electro-mag
Electrical, communications and data networking products distributor Graybar Canada, Halifax, Nova Scotia, announced Friday that it has completed its acquisition of Electro-mag Inc., including the JAD brand. Financial terms of the deal weren’t released. Headquartered in Sherbrooke, QC., with locations in Drummondville, Quebec, Montreal, and London (ON), Electro-mag provides services and solutions via pneumatic, safety, […]
September M&A Roundup: Another Big Month for Deals
The final month of the third quarter proved to be a favorable one for M&A in distribution with nearly 30 deals reported in MDM. September saw a range of transaction sizes from mom-and-pops trading hands up to Distribution International’s private equity backer Advent International selling the distributor to TopBuild Corp. for $1 billion. Other notable […]
Olympic Steel Snags Shaw Stainless & Alloy
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS), announced Friday that it has acquired the assets of Shaw Stainless & Alloy. Olympic Steel said the all-cash purchase was immediately accretive. Financial terms of the deal weren’t disclosed. Shaw, based in Powder Springs, Georgia, is a full-line distributor of stainless steel sheet, pipe, tube, bar and angles. Shaw […]
Olympic Steel Snags Shaw Stainless & Alloy
Cleveland-based Olympic Steel Inc. (Nasdaq: ZEUS), announced Friday that it has acquired the assets of Shaw Stainless & Alloy. Olympic Steel said the all-cash purchase was immediately accretive. Financial terms of the deal weren’t disclosed. Shaw, based in Powder Springs, Georgia, is a full-line distributor of stainless steel sheet, pipe, tube, bar and angles. Shaw […]
Imperial Dade Acquires Mailender
Imperial Dade, which is based in Jersey City, New Jersey and is a national distributor of disposable food service and janitorial supplies, announced on Friday that it has acquired Cincninnati-based Mailender. Financial terms of the private transaction weren’t available. Mailender is a distributor of janitorial supplies and janitorial packaging that’s led by Ken Mailender and […]
Summit Hydraulics Locks-Up PE Investment from North Branch Capital
Private equity firm North Branch Capital has made an investment in Phoenix-based Summit Hydraulics. The companies didn’t disclose the amount of the investment. Summit is a designer and distributor of aftermarket hydraulic kits and components for the agricultural and construction end markets, among other vertcals. “North Branch’s growth-oriented mindset and track record of scaling industrial […]
Summit Hydraulics Locks Up PE Investment from North Branch Capital
Private equity firm North Branch Capital has made an investment in Phoenix-based Summit Hydraulics. The companies didn’t disclose the amount of the investment. Summit is a designer and distributor of aftermarket hydraulic kits and components for the agricultural and construction end markets, among other vertcals. “North Branch’s growth-oriented mindset and track record of scaling industrial […]
Unilog Bows E-Commerce Ecosystem Program
B2B e-commerce vendor Unilog recently launched its partner ecosystem that’s targeted at value-added resellers (VARs.) Unilog, which is headquartered in Wayne, Pennsylvania, rolled out the ecosystem on Sept. 1 Deployments of e-commerce platforms by B2B distributors ramped up during last year’s pandemic as customers sought more online solutions for their buying needs. Unilog’s ecosystem includes […]
7 Steps to Offset the Distribution Labor Shortage
Relief from labor shortages doesn’t appear to be in sight. A recent National Association for Business Economics report reflects business economists’ low expectations in terms of recovery for the labor shortage. Just 6% of those surveyed believe the shortage will improve by year’s end. Ten percent expect it won’t improve until 2023 and beyond. And […]
Synnex Down 1.9% in 3Q
On Tuesday, Synnex Corp., Fremont, California, (SNX) on Tuesday reported fiscal third-quarter sales of $5.2 billion, down 1.9% from the prior fiscal third quarter. In the third quarter, Synnex’s net income of $94.7 million increased by 10.5% over the same quarter a year ago. “Results were consistent with expectations as ongoing industry-wide supply chain shortages […]
United Natural Foods Down Slightly in 4Q
United Natural Foods Inc. (UNFI), Providence, on Tuesday reported fiscal fourth-quarter net sales of $6.7 billion, a decrease of 0.5% from the same quarter a year ago. The organic and specialty foods distributor reported net income of $43 million in 4Q, a decrease of 18.9% from a year ago. For fiscal 2021, UNFI posted net sales […]
Ferguson Up 14.3% in Fiscal 2021
Ferguson PLC, (NYSE: FERG), based in Wokingham, United Kingdom, reported Tuesday that its fiscal year 2021 revenue climbed 14.3% from a year ago to $22.79 billion. Ferguson said the increase was mainly due to accelerated market share gains. Ferguson’s underlying trading profit for the year that ended July 31 was $2.1 billion, which marked a […]
Conexiom Nabs $130M in Growth Funding
Vancouver-based Conexiom announced Tuesday that it has scored $130 million in growth investment from Warburg Pincus. With its investment, Warburg Pincus joined existing investors Luminate Capital, which retains a majority stake, and ICONIQ Growth Conexiom is a software-as-a-service (SaaS) platform that delivers automation outcomes across order to cash and procure to pay processes. Its roster […]
Pearlman Group Acquires Excel Cleaning and Restoration Supplies
Pearlman Group Acquires Excel Cleaning and Restoration Supplies Norcross, Georgia-based Pearlman Group announced Tuesday that it has acquired Excel Cleaning and Restoration Supplies. Terms of the transaction weren’t disclosed. Founded in 1988 and headquartered in Fort Myers, Florid, Excel is a distributor of professional cleaning, restoration, pressure washing, and janitorial equipment and supplies in the […]
Specialty Building Products to Acquire Reeb Millwork Corporation
Specialty Building Products (SBP) — the Duluth, Georgia-based parent of U.S. Lumber and other businesses — on Monday announced it has inked a definitive agreement to acquire Reeb Millwork Corporation. Financial terms of the acquisition weren’t disclosed. Bethlehem, Pennsylvania-based Reeb is a fabricator and supplier of interior and exterior doors. SBP said the deal to […]
RelaDyne Acquires PPC Lubricants
Cincinnati-based RelaDyne, which offers lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, announced the acquisition of PPC Lubricants, a lubricant distributor in the Mid-Atlantic region. Financial terms of the deal weren’t available. PPC Lubricants, founded in 1977, is headquartered in in Jonestown, Pennsylvania. With more than 800 products, PPC serves customers in eight […]
RelaDyne Acquires Acquires PPC Lubricants
Cincinnati-based RelaDyne, which offers lubricants, fuel, diesel exhaust fluid (DEF), and industrial reliability services, announced the acquisition of PPC Lubricants, a lubricant distributor in the Mid-Atlantic region. Financial terms of the deal weren’t available. PPC Lubricants, founded in 1977, is headquartered in in Jonestown, Pennsylvania. With more than 800 products, PPC serves customers in eight […]
