nVent announced their results for 2Q 2026 on July 31. They reported record quarterly sales of $1.5 billion, up 53%, and 47% organically, and adjusted operating income was $323 million, up 61%, riding a historic data‑center boom while simultaneously navigating […]
There’s lots of change going on in the industry, at all levels of the channel. Contractors are consolidating and being bought by each other and PE firms, manufacturers are buying each other (Hubbell and NSI, Prysmian and Atkore to name […]
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 […]
Legrand, the French conglomerate known for wiring devices, lighting controls, Wiremold and its lighting lines in the electrical distribution segment, who has also built a robust data center offering, announced 1H 2026 earnings on July 29. Legrand’s record first‑half 2026 […]
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 […]
The automation space is very specific, yet important. While the industrial segment (industrial MRO and OEM represents about 33% of total electrical distribution sales, according to DISC, automation products represent a significant percentage of this. Rexel’s acquisition last month got […]
While Atkore is a valued supplier to many distributors, and extremely important to many manufacturer reps, even with their “multi-rep / territory” strategy, many have wondered about the company’s longer-term future. Atkore “Cleaning Up”? Over the past few years, the […]
Last week Phoenix Lighting announced that they acquired Rig-A-Lite. The combination of Phoenix and Rig-A-Lite brings a stronger industrial lighting player to the market as Phoenix “scales up”. The sale of Rig-A-Lite was not surprising given that Rig-A-Lite had been […]
Last week Nexans spent $800 million to enter the US electrical distribution wire / cable business with their acquisition of Republic Wire. This week we start with the news that Hubbell made the largest acquisition in many years, sending $3 […]
