The metalworking and MRO supplies distributor’s fiscal year ended Sept. 3, and its strong momentum bodes well for the greater industrial supplies market.
The Crescent Electric Supply leader tells us how employee engagement has kept the distributor pointed at its customer-based North Star.
It was another quarter of double-digit sales and profit gains for the industrial supplies distributor, which saw softening demand and tougher year-over-year comparables.
Construction input prices dipped 0.1% in September compared to the previous month but remained 41% ahead of February 2020 pre-COVID levels.
Schneider plans to install new technology at facilities in Kentucky and Nebraska to improve their efficiency.
The deal comes after IR’s $3.59B offer to buy SPX outright was rejected in July 2021.
They mark the 54th and 55th bolt-ons for Imperial-Dade under the leadership of Robert and Jason Tillis.
ProSource operates seven plumbing, lighting and residential hardware showrooms across North and South Carolina.
PEPCO adds 10 branch locations and an expected $300 million in 2022 revenue to Sonepar, while Basin River adds a single branch.
It may signal a return to typical demand patterns after two years of solid gains driven by foreign investment.
It adds approximately $200 million in revenue and 900 employees to Timken.
Darin Patrizi and Micah Carlton both bring over 20 years of relevant experience to their new roles at Summit.
