American Packing & Gasket (APG), a distributor and manufacturer of a range of industrial products, announced that Joe Stephens has joined as Chief Executive Officer. Former CEO Matt Dunn will remain with APG on the board of directors. APG is backed by Capstreet, a Houston-based lower middle market private equity firm. “Having spent his entire career in industrial manufacturing,…
White Cap to acquire BrownCo Manufacturing & Sales
White Cap, a distributor of specialty construction supplies, including fasteners and safety products, has entered into a definitive agreement to acquire BrownCo Manufacturing & Sales, a distributor of specialty concrete products for commercial and highway and bridge contractors across Oklahoma. “The BrownCo team has built strong customer relationships through their industry expertise and steadfast…
MW Components acquires Elgin Fastener Group
MW Components, a precision component manufacturer, announced the acquisition of Elgin Fastener Group, a specialty fastener manufacturer. The acquisition of Elgin Fastener Group expands MW Components’ existing U.S.-based manufacturing locations to provide fasteners and metal components for global distribution. The combined company will offer one of the most comprehensive sets of specialty fasteners on…
White Cap expands Southwest region with new acquisition
White Cap, a distributor of specialty construction supplies, including fasteners and safety products, has officially closed the agreement to acquire RENO Hardware and Supply — a distributor of construction supplies serving commercial, multi-family and residential contractors throughout Southern California. The initial agreement to acquire RENO was signed earlier this summer and is now in full…
Huyett welcomes new VP of marketing & development
Huyett, an industrial fastener distributor, recently announced the addition of Candi Glass as its new vice president of marketing & development and the sixth member of its executive team. Glass brings experience from her 26-year career in merchandising, planning, inventory, and forecasting operations for notable companies like Camping World, Bosselman Enterprises, and Cabela’s. Throughout her…
Meridian Adhesives appoints new commercial president of flooring division
Meridian Adhesives Group, a manufacturer of high-value adhesive technologies, has announced the appointment of Ralph Grogan as the Commercial President of the organization’s Flooring Division. This strategic leadership change marks a pivotal moment in the company’s journey as it continues to drive innovation within the flooring sector. Grogan offers a wealth of experience, having spent…
XLCS Partners advises WDS in sale to AFC Industries
XLCS Partners, Inc., a middle market investment bank, announced that it served as exclusive advisor to White Distribution & Supply (WDS), a portfolio company of Slate Capital Group, in its sale to AFC Industries (AFC), a portfolio company of Bertram Capital. Founded in 1984 and based in Muscatine, Iowa, WDS provides a broad range of products, inventory management, and LEAN solutions.…
OneMonroe acquires Electronic Fasteners
OneMonroe (Monroe Engineering) has recently completed the acquisition of Electronic Fasteners, Inc. (EFI), a wholesale stocking distributor. From now on, Electronic Fasteners will be known as Monroe EFI. According to a press statement, the combined strength of the two companies is expected to lead to better customer service, expanded product offerings, and deeper supplier partnerships.…
New Steel Climate Standard available to measure and report carbon emissions
Nucor Corporation, currently the largest domestic steel producer and recycler in North America, continues to spearhead sustainability efforts in the steel industry as a founding member of the Global Steel Climate Council (GSCC). The Council recently released The Steel Climate Standard — a global standard to measure and report carbon emissions in the global steel…
White Cap signs agreement to acquire RENO Hardware and Supply
White Cap, a distributor of specialty construction supplies, including fasteners and safety products, has entered into a definitive agreement to acquire RENO Hardware and Supply, a distributor of construction supplies serving commercial, multi-family and residential contractors throughout Southern California. Upon the completion of the transaction, RENO Hardware and Supply’s three locations in Riverside, Burbank, and Signal Hill, California will…