JanSan distributor Jon-Don, Roselle, Illinois, has acquired USA-CLEAN. Jon-Don, a leading supplier of commercial supplies, equipment, consumables, and “know-how” to specialty contractors, did not disclose the deal’s financial details. USA-CLEAN, based in Illinois, supplies repair parts for professional floor care equipment, including auto scrubbers, portable extractors, vacuums, and more. The company employs 50 people along […]
Category: Operations
Essity Acquires Legacy Converting
Philadelphia-based hygiene and health company Essity has acquired wiping and cleaning company Legacy Converting, Inc. Financial details were not announced. Legacy, based in New Jersey, manufactures sanitizing and disinfecting wet-wipes, chemical-ready wipes and dry wipes, which will expand Essity’s Tork professional hygiene portfolio. With an expanded professional hygiene offering — and a more profound surface […]
Brady IFS Acquires SupplyitAll
Brady IFS — a foodservice, janitorial and sanitation distributor with headquarters in Las Vegas, Nevada, and Bell, California — acquired New Jersey-based paper company SupplyitAll. Financial terms were not disclosed, but the deal is expected to push BradyIFS’ annual revenues above $1 billion, the company said. “We are thrilled to welcome the Spector family and […]
SBP Holdings Sells Bishop Lifting Products
SBP Holdings — a provider of inspection and testing services, repairs and specialized rental activities — completed its sale of Houston-based Bishop Lifting Products, Inc., a group of value-added distributors of lifting products and specialty rental equipment. Bishop Lifting Products was sold to Altamont Capital Partners. Financial details were not disclosed. The transaction includes the […]
HARDI Revenue Up 24.5% in December
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing the average sales performance by HARDI distributors increased 24.5% percent during last month. The average annual sales growth for the 12 months through December 2021 is 23.6% percent. “The sales growth this year has been amazing, and this month was consistent with […]
Home Depot Names New CEO
Edward “Ted” Decker will take over as the new president and CEO of The Home Depot Inc. (NYSE: HD), Atlanta, Georgia, beginning March 1. Decker also has been elected to the company’s board of directors. The Home Depot said current Chairman and CEO Craig Menear will continue to serve as chair of the board. Decker […]
Gustave A. Larson Acquires Progress Supply
The Gustave A. Larson Company, a Wisconsin-based distributor of heating, ventilation, air conditioning and refrigeration products, acquired Progress Supply, Inc. Financial details were not disclosed. Larson announced earlier this month it had closed the purchase in December. Progress Supply is a multi-location HVAC and refrigeration distribution company in central and southwestern Ohio, southeast Indiana and […]
January 2022 M&A Roundup: One Billion-Dollar Deal Finalized as Another Takes Off
January was a relatively light month for mergers and acquisitions in the distribution industry, but two billion-dollar deals stood out among the month’s highlights. Owens & Minor Inc. — a product manufacturing, distribution support and innovative technology services company — agreed to acquire integrated home health care equipment provider Apria for $37.50 in cash per […]
Tractor Supply Yearly and 4Q Sales Up
Brentwood, Tennessee-based Tractor Supply Company (NASDAQ: TSCO) reported that 2021 fourth-quarter net sales increased 15.3% over the same period in 2020, while fiscal-year net sales jumped nearly 20%. Net sales for the fourth quarter 2021 increased to $3.32 billion from $2.88 billion in the fourth quarter of 2020. Fourth-quarter diluted earnings per share was $1.93, […]
Caterpillar Annual Sales Rise 22%
Caterpillar Inc. (NYSE: CAT) said its 2021 fourth-quarter sales increased 23% over the same period a year before, and full-year sales increased 22% over 2020. Sales and revenues for the fourth quarter of 2021 were $13.8 billion, compared with $11.2 billion in the fourth quarter of 2020. Fourth-quarter 2021 profit per share was $3.91, compared […]
Rockwell Fiscal 1Q Sales Increase
Industrial automation and digital transformation company Rockwell Automation reported fiscal 2022 first-quarter sales of $1.857 billion, an 18.7% increase over the same quarter in 2021. Orders were up more than 40% to a quarterly record of $2.5 billion, while acquisitions contributed 2.6% to reported sales growth. “All three business segments delivered double-digit sales growth and […]
Applied Industrial Fiscal 2Q Sales Rise
Applied Industrial Technologies (NYSE: AIT) of Cleveland, Ohio, reported fiscal 2022 second-quarter sales of $876.9 million, a 16.7% increase over same period a year prior. Applied also reported a 2Q net income of $57 Million, or $1.46 Per Share, and EBITDA of $92.6 Million. The company’s quarterly dividend also increased to $0.34 per share. “We […]
Avnet 2Q Sales Up 25.6%
Phoenix-based Avnet, Inc. (Nasdaq: AVT) reported 2022 fiscal second-quarter sales of $5.9 billion, a 25.6% increase over the same period in 2021. Sales for fiscal 2Q last year were $4.7 billion. The electronic components distributor’s most recent fiscal quarter ended Jan. 1. In fiscal 2022 2Q, Farnell operating margins increased 276 basis points sequentially to […]
Avnet Fiscal 2Q Sales Up
Phoenix-based Avnet, Inc. (Nasdaq: AVT) reported 2022 fiscal second-quarter sales of $5.9 billion, a 25.6% increase over the same period in 2021. Sales for fiscal 2Q last year were $4.7 billion. The electronic components distributor’s most recent fiscal quarter ended Jan. 1. In fiscal 2022 2Q, Farnell operating margins increased 276 basis points sequentially to […]
A&M Industrial Acquires Connecticut Company
A&M Industrial Inc. of Rahway, New Jersey, has acquired acquired State Industrial Supply Company, an industrial distributor based in Seymour, Connecticut. Financial details of the deal were not disclosed. State Industrial Supply provides state-of-the-art and custom tooling. Its existing location in Seymour will continue to serve the southern New England region, A&M said. “State Industrial […]
NEFCO Opens First Maine Location
Hartford, Connecticut-based construction supply company NEFCO has opened its first branch in the state of Maine. The branch is located in the city of Westbrook; it is NEFCO’s first in Maine and 16th branch overall. Deliveries from the location are expected to begin immediately, and the showroom will open in early February, NEFCO said. The […]
Rockwell Automation Names New Regional President
Rockwell Automation, Inc. (NYSE: ROK), an industrial automation and digital transformation leader, said Gina Ayala Claxton has joined the company as president of the Americas Region, effective immediately. She is expected to report to Rockwell Automation Chief Revenue Officer Scott Genereux. Ayala Claxton succeeds Alejandro Capparelli, who has taken a new role within the company […]
Genuine Parts CFO to Retire
After three decades at Genuine Parts Company, Executive Vice President and Chief Financial Officer Carol Yancey will retire at the end of May, the company said. “On behalf of the entire organization, we want to thank Carol for her 30 years of dedicated service to GPC, including the last nine years as CFO,” said Chairman […]
Kimball Midwest Names New President
Columbus-based MRO distributor Kimball Midwest says Patrick McCurdy III is the company’s new president. Patrick McCurdy III McCurdy III, a member of the third generation of family ownership, assumed day-to-day management, while his father, CEO Pat McCurdy Jr., retains responsibility for areas including strategy and governance. McCurdy III worked for five years at Accenture before […]
L&W Promotes West Region Business Manager
Nick Popma has been promoted to the position of business manager, interiors, for L&W Supply’s West Region, the distributor of interior building materials and construction supplies announced. “Nick is a rising star at L&W Supply that inspires others and has clear leadership qualities,” said Chad Cutlip, regional vice president for L&W Supply’s West Region. “As […]
