Last week was Q2 earnings week for distributors and many manufacturers. Rather than report on them individually, let’s look at them as a group to identify trends. First up are the three electrical distributors that publicly share results – Graybar, […]
Back in May it was reported that nVent was soliciting bids for its Thermal management division. News releases shared that the division’s 2023 revenues were $595 million and that it’s EBITDA was approximately $150 million, for a 25% EBITDA margin. […]
In a move that shocked most in the industry, Prysmian announced its new independent manufacturer electrical sales rep network and all of them are new … the Encore sales organization! As everyone recalls, Prysmian surprised the industry with an announcement […]
Perhaps you remember the playing card game called 52 Pickup (and if you don’t, here’s a link to remind you.) With lighting agents having a minimum of 52 lines, it seems like they are updating their linecard regularly. And sometimes […]
The M&A people at Sonepar, and the M&A people at a number of advisory services supporting electrical distributor continue to be busy. Yesterday Sonepar announced that it acquired Echo Electric Supply. While many may not be familiar with the company, […]
There was a phrase years ago that is attributed to EF Hutton, which was a financial advisory firm that goes “when EF Hutton speaks, people listen.” The inference that they had a wide reach, and somewhen influence. The same goes […]
Nowadays it’s difficult to tell if the US electrical distribution market is following its northern counterpart or if the Canadian market is following the US market. While the Canadian market has historically been 10-12% the size of the US market, […]
The electrical industry has seen much consolidation over the past 4 years. We’ve reported on manufacturer, distributor, and manufacturer representative / agent consolidation. While we have not reported on contractor acquisitions, there has been a trend in service-oriented trades, at […]
Last month nVent announced that it entered a definitive agreement to acquire Trachte, manufacturer of custom-engineered control building solutions designed to protect critical infrastructure assets. The deal closed on July 16th. The original press release was: “Leading manufacturer of custom-engineered […]
MaxLite, a leading innovator in energy efficient Lighting & Controls, is excited to announce the recent addition of Paul Bevilacqua as Chief Financial Officer. Paul brings over 30 years of finance and management experience and a record of accomplishment building […]
David Gordon
Channel Marketing Group
919-488-8635
