So far in 2024, Meritus Gas Partners acquired two independent industrial gas and welding supply distributors and partnered with two others.
The distributor frequently cited adverse weather in its 1Q report, while poor demand remains the core issue as pricing has stabilized.
Mike Hockett and Craig Webb break down the key details of the combination, why it makes sense for Home Depot and why this was likely the long-term play for SRS all along.
More than a handful of MDM’s Top Distributors were well-represented on the third annual feature.
Mike Hockett analyzes different angles of this $18.25 billion megadeal in building materials distribution and the questions it raises for the markets it touches.
The company noted that while 2Q sales were disappointing, gross margin improvement stemmed from internal improvements.
Building product distributor SRS Distribution will operate as an independent business unit within The Home Depot and focus on Pro customers.
It was the eighth time the company has been cited for safety violations since 2013.
It follows the news that the distributor is selling its wholesale hardware unit to House-Hassan.
The distributor has merged its Air Supply and Industrial, Automation and Finishing business units into a new branch just outside of Cleveland.
The distributor’s major acquisition of Dominion Electric is just the latest piece in what has been a rapid 13-year expansion. Mike Hockett breaks down what Dominion adds to Border States and how it aligns with...
In Dominion, Border States gains an electrical distributor that has nine branches, over 300 employees and $374 million in annual revenue.
