The combination creates a ‘premier regional platform’ serving Utah, Colorado, Arizona and Idaho, Shorehill Capital said.
In the first of a two-part series, John Johnson examines the key factors leading manufacturers to domesticate more of their production and what distributors should keep an eye on.
The deal — originally announced in November 2022 — allows for the unit to go forward operating as RONA Inc.
The company’s sales growth flattened to end the year, while full-year sales grew by a modest 3%, according to Honeywell.
MDM looks at another round of earnings reports from industrial suppliers.
The toolmaker reported full-year 2022 revenues of $16.9 Billion, an 11% increase over the prior-year total.
For the full year, Grainger saw its sales grow 16.9% from 2021.
As a primer to MDM’s Feb. 22-23 Virtual M&A Summit, we chat with MSC Industrial Supply leaders Erik Gershwind and Jim Drohan about the company’s recently aggressive M&A strategy.
The pace of M&A activity accelerated in January, as industrial distributors and manufacturers reported four-dozen deals to start the year.
Full-year sales and revenue also increased 17% over the prior year, the heavy equipment maker said in a Jan. 31 announcement.
Baird and MDM polled distributors about what digital projects they’ll prioritize this year. Read the exclusive analysis and commentary here.
The company’s fiscal 2023 1Q (October-December 2022) sales grew 6.7% year-over-year compared with 17.6% in 2022 4Q.
