Engine Capital reportedly said the PVF distributor could net $14 to $18 per share in a sale as a premium to its current stock price.
We extract key takeaways from the plumbing, HVAC, PVF and industrial supplies distribution giant’s earnings call on Sept. 25.
The company added $780 million in combined revenue from acquisitions during its fiscal 2023, which ended July 31. Find a recap of the distribution giant’s financials.
In MDM’s debut Spotlight feature, we profile how flexibility and forward vision continue to lead this plumbing, HVAC and PVC supplies distributor after more than 126 years.
The additions for the plumbing and industrial supplies distribution giant are across three different industries.
Get all the need-to-know info about our annual rankings of North America’s biggest market movers across 17 different industries — now available for all to view.
The sales decline was within expectations, according to Ferguson.
The deceleration was expected after Ferguson posted 16.6% year-over-year sales growth in 1Q.
Flow Control Holdings, a portfolio company of Audax Private Equity, is expanding into Canada with its acquisition of Andron Stainless.
The deal comes after IR’s $3.59B offer to buy SPX outright was rejected in July 2021.
ProSource operates seven plumbing, lighting and residential hardware showrooms across North and South Carolina.
