Resideo’s board has formally approved the planned spin-off of ADI Global Distribution, setting a July 20 record date and Aug. 3 shares distribution date for the low-voltage products provider.
The Greensboro, NC-based HVAC manufacturer representative’s addition of Gulf Breeze, FL-based Aeromechanical marks its first expansion into Florida and the Gulf Coast market.
It’s effective July 1, as Terry O’Brien retires and transitions into an advisory and board role.
Pricing still did most of the heavy lifting for sales growth, but the volume movement is a positive demand sign for the broader metalworking and MRO supplies market. Get the key figures here.
U.S. construction spending edged higher in May, helped by continued public sector gains and residential improvement. Private nonresidential spending, however, declined for an eighth straight month. Get all the key data and charts here.
The economic indicator was expected to hold or modestly tick down, as indices for new orders and production both declined month-over-month.
Do it Best Group is relocating True Value’s headquarters from Chicago to Fort Wayne, IN, bringing the retail-owned hardware chain’s corporate base to the home of its new parent company.
The deal expands IDI’s spray foam and polyurea capabilities in the Midwest, following its acquisition of Design North Supply one day earlier.
QXO officially closed on its acquisition of TopBuild, adding insulation distribution and installation scale to its fast-growing building products platform and positioning the company near the top of MDM’s Building Materials/Construction Top Distributors List.
The deal adds repair and maintenance management technology to Parts Town’s OEM foodservice parts distribution platform.
Expected to add about $200 in annual revenue, Flowserve said the Trillium Valves deal strengthens its position in nuclear and power generation markets while expanding its valve, actuation and aftermarket capabilities.
Homebuilding AI company Higharc raised $95 million in Series C funding and named US LBM as the first partner for its new AI Estimating product for building materials distributors.
