Full-year operating and net profit jumped more than 40% vs. 2022.
Acquisitions drove nearly all of DSG’s growth in 2023, which marked its first full calendar year since forming in early 2022.
ELA + Synergy will serve lighting, design and electrical communities in New York, New Jersey, Pennsylvania and Delaware.
Non-heavy manufacturing, non-residential construction and reseller end markets outperformed January.
The strategic partnership will enable material handling equipment and automation distributor Wolter to accelerate its expansion plans.
The plumbing and HVACR distribution giant also updated its plans to ‘domicile’ its ultimate parent company in the U.S. to reflect operations and leadership.
Combining Moblico’s mobile engagement solutions with HawkSearch’s search technology enables real-time distributor-customer interaction.
It marks the OEM fasteners distributor’s 12th acquisition since 2018 and the fifth since 2022.
It followed a sizeable jump in January, reflecting broad weakened industrial demand.
The distributor saw healthy 4Q organic growth, too, with comparable sales up 5.1% excluding GIC’s May 2023 acqusition of Indoff.
With the addition of Carlstar, Titan diversifies its wheel and tire portfolio and expands its manufacturing and distribution footprint.
Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
