People of a certain age, or who watch syndicated television sitcoms, may remember a show called the Jeffersons and, at the mention of the name they get a visual remembrance but, more importantly, get transported back to the opening theme […]
In a time where independent electrical manufacturer representatives seemingly decide selling is their alternative when they are ready to exit the business, Dick Stone did it differently. But then again, he always did. ASA Founder Dick Stone retires after 45 […]
Over the past five years, roughly 140 independent electrical distributors have been acquired, representing $12-13 billion in industry revenue at the time of sale. One number jumps out every time I dig into the “why”: 98% happened because the owner […]
Last month NAED announced Savoy House as a new manufacturer member. While I know none of us can know every manufacturer that serves the industry, this one piqued my interest. Merrimack Group, an M&A firm specializing in the lighting space, […]
Nexus Power, an independent electrical manufacturer representative that covers 11 western states and serves the industrial, construction, and utility markets received a “strategic” investment from Madison River Capital, a private equity firm. This is MRC’s first investment in the independent […]
Back in June Atkore settled its legal issues and The reason for the question is: Bill Waltz announced his retirement last year, after starting a succession process. The company announced it was going through a strategic review and then asked […]
While we’ve seen that some lighting companies are cutting back, Solais is hiring. In early June, Solais Lighting, a leading architectural-grade lighting solutions manufacturer. serving the commercial, retail, residential, hospitality, supermarket, museum, and utilities markets, hired Al Near as its […]
I was reading the Signify Q2 earnings report and was, quite frankly, confused. The company had just come off its Capital Markets Day where it is trying to communicate its strategy and, presumably, sway analysts that it is a good […]
Amidst the conversation about AI and data centers, both of which distributors can benefit from, there is another conversation that, as typical, starts on the consumer side and then migrates to B2B. This is how AI is / may change […]
For years we’ve heard about the need for grid modernization and once of the concerns regarding the growth of data centers is power generation. Industrial factories also play into this. Power generation construction, and subsequent maintenance, is, and will, represent […]
