Martin Fastening Solutions, a subsidiary of Florence, Alabama-based Martin Inc., on Tuesday announced the acquisition of Capital Bolt & Screw (CB&S), Jackson, Mississippi. Financial terms of the deal weren’t disclosed. Founded in 1963, CB&S is a privately held distributor of fasteners. Jerry Gibson, president of CB&S, purchased the company in 1981 and has grown it […]
Category: Operations
Martin Inc. Acquires Capital Bolt & Screw
Martin Fastening Solutions, a subsidiary of Florence, Alabama-based Martin Inc., on Tuesday announced the acquisition of Capital Bolt & Screw (CB&S), Jackson, Mississippi. Financial terms of the deal weren’t disclosed. Founded in 1963, CB&S is a privately held distributor of fasteners. Jerry Gibson, president of CB&S, purchased the company in 1981 and has grown it […]
Sonepar USA Closes Acquisition of Springfield Electric Supply Co.
Sonepar USA Holdings Inc., a Charleston, South Carolina-based subsidiary of the privately held Sonepar Group, on Tuesday announced it closed its acquisition of Springfield Electric Supply Co., Springfield, Illinois, on Aug. 31. Financial terms of the deal, first announced July 22, weren’t disclosed. A family-owned business headquartered in Springfield, Illinois, since 1912, Springfield Electric adds […]
Fastenal’s August Sales Increase 14.2%
On Tuesday, Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported August sales of $531 million, up 14.2% from the same month a year ago. The company reported daily sales of $24.1 million, which was a 9% increase versus a year ago. By region, U.S. sales increased 7.2% while Canada/Mexico sales improved by 18.2 % and “rest […]
White Cap Expands into Northeast Region with Deal to Buy Tri-Supply
Atlanta-based White Cap Supply Holdings expanded its footprint in the Northeast Region of the U.S. by striking a deal to buy Tri-Supply & Equipment. Based in New Castle, Del. with two other locations in Salisbury, Md. and Dover, Del., Tri-Supply & Equipment will join White Cap in the Northeast Region to serve local customers. Financial […]
Winsupply Acquires Clausen Supply
Winsupply Inc., Dayton, Ohio, on Thursday announced it has completed the acquisition of Clausen Supply of Iowa Inc., Clinton, Iowa. Financial terms of the deal weren’t disclosed. Clausen Supply is an HVAC distributor that serves the eastern Iowa region. The company’s previous owner, Jon Clausen, will exit the company immediately after close. The HVAC distribution […]
US LBM Acquires Northern Building Supply
Building materials distributor US LBM, Buffalo Grove, Illinois, on Thursday announced it has acquired Northern Building Supply, a full-service building products distributor and retailer with two locations in northern Michigan. Financial terms of the deal weren’t disclosed. Founded in 1904, Northern Building Supply offers lumber and a wide range of specialty building products, including windows, […]
August M&A Roundup: Consolidation Maintains Healthy Pace
The threat of an increase in the capital gains tax, coupled with accepting the new business cycle on what everyone hopes is the tail end of COVID-19, has pulled forward acquisition deals, and last month was another healthy one for M&A volume. MDM reported 25 transactions in August as companies of all sizes, verticals and […]
August M&A Roundup: Consolidation Maintains Healthy Pace
The threat of an increase in the capital gains tax, coupled with accepting the new business cycle on what everyone hopes is the tail end of COVID-19, has pulled forward acquisition deals, and last month was another healthy one for M&A volume. MDM reported 25 transactions in August as companies of all sizes, verticals and […]
Builders FirstSource Acquires California TrusFrame for $179.5M
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired California TrusFrame LLC (CTF), a California-based producer of value-added building products, for $179.5 million. Established in 1982, CTF is led by President and CEO Shawn Overholtzer, who will be joining Builders FirstSource along with the rest of its employees upon closing, and operates […]
GMS’ 1Q Sales Improve 30%
On Thursday, GMS Inc. (NYSE: GMS), Tucker, Georgia, reported first-quarter sales of $1 billion, which marked a 29.8% increase over the same quarter a year ago. The company’s net income was $61.2 million, or $1.39 per share, compared to $27.2 million, or $0.63 per share, last year. Adjusted EBITDA of $128.1 million increased 54.2% in […]
Motion & Control Enterprises Acquires Instrument Associates
Industrial distributor Motion & Control Enterprises, a Zelienople, Pennsylvania-based portfolio company of the private equity firm Frontenac Co., on Wednesday announced it has acquired Instrument Associates Inc. (IA), Alsip, Illinois. Financial terms of the deal weren’t disclosed. IA is a full-service, stocking distributor of products and solutions for instrumentation (including fittings, valves and tubing), steam […]
Motion & Control Enterprises Acquires Instrument Associates
Industrial distributor Motion & Control Enterprises, a Zelienople, Pennsylvania-based portfolio company of the private equity firm Frontenac Co., on Wednesday announced it has acquired Instrument Associates Inc. (IA), Alsip, Illinois. Financial terms of the deal weren’t disclosed. IA is a full-service, stocking distributor of products and solutions for instrumentation (including fittings, valves and tubing), steam […]
US LBM Acquires Mid-Cape Home Centers
Building materials distributor US LBM, Buffalo Grove, Illinois, on Wednesday announced it has acquired Mid-Cape Home Centers, a South Dennis, Massachusetts-based building products and home improvement company with six locations in the southern coastal region of Massachusetts. Financial terms of the deal weren’t disclosed. Mid-Cape Home Centers traces its roots back to 1895. Today it […]
SKF Acquires Lubrication Filtration Business
Swedish bearings manufacturer SKF has acquired EFOLEX AB, a Gothenburg, Sweden-based manufacturer of the Europafilter-branded industrial lubrication and oil filtration systems. Financial terms of the deal weren’t disclosed. EFOLEX offers offline filtration systems used in process manufacturing and energy industries. It currently has approximately 10 employees. “In addition to being an interesting stand-alone product, the […]
DSG Acquires Montana Waterworks & Irrigation
Dakota Supply Group on Wednesday announced the acquisition of Montana Waterworks & Irrigation, Billings, Montana, in an asset purchase effective Sept. 1. Financial terms of the deal weren’t disclosed. Montana Waterworks is a waterworks distributor serving Eastern Montana from its Billings location. This will be DSG’s first waterworks location in the state. The current owner, […]
SKF Acquires Analytics Firm
Swedish bearings manufacturer SKF has completed the acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees based in Luleå, Sweden. Financial terms of the deal weren’t disclosed. Rubico Consulting AB specializes in “visualization and analysis of signal data,” and the company’s “expertise will be integrated into SKF’s offer around the rotating shaft, […]
Atlas Copco Acquires German Company
Swedish industrial manufacturer Atlas Copco on Tuesday announced it has acquired NATEV GmbH, Borken, Germany. Financial terms of the deal weren’t disclosed. Founded in 2010, NATEV specializes in position solutions for assembly tools used in industrial production. The company has 10 employees, and in 2020 it posted sales of €0.5 million (US$0.6 million). “Through NATEV’s […]
Envoy Solutions Acquires Daycon
Envoy Solutions — the Glenview, Illinois-based holding company that owns and operates North American, WAXIE Sanitary Supply, SWPlus and Southeastern Paper Group — on Tuesday announced the acquisition of Daycon Products Co., Upper Marlboro, Maryland. Financial terms of the deal weren’t disclosed. Daycon is a 79-year-old, family-owend distributor of facility supplies, training services and sustainable […]
Rexel Canada Signs Up with ETIM North America
ETIM North America (NA) announced Tuesday that Rexel Canada, which is one of the largest distributors of electrical products in Canada, has joined the product classification standards organization. As a Direct Distributor Member, Rexel Canada will be able to participate in the various ETIM NA Product Expert (PE) Groups, including the current groups for Power […]
