In 2015 and through the first five months of 2016, 14 Top 200 electrical distributors have been acquired, and Electrical Marketing’s editors conservatively estimate the total sales volume of these deals at no less than $2.89 billion.
The U.S. Department of Commerce said construction spending during June 2016 was estimated at a seasonally adjusted annual rate of $1,133.5 billion, 0.6% percent below the revised May estimate of $1,140.9 billion. The June figure is 0.3% above the June 2015 estimate of $1,130.5 billion. During the first six months of this year, construction spending amounted to $539.8 billion, 6.2% above the $508.1 billion for the same period in 2015....More
Fixtures and emergency lighting, components of the index, gained ground on a year-over-year basis, while ballast, miniature lamp and large lamp components recorded year-over-year first-quarter declines....More
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,189,000, 4.8% above the revised May estimate of 1,135,000, but 2% below the June 2015 rate of 1,213,000, according to the U.S. Census Bureau....More
Sipe came to BSE by way of its acquisition of Shealy Electrical Wholesalers, which it acquired earlier this month. He joined Shealy in 2011 and has been vice president of operations since June 2013....More
This transaction follows Emerson’s recently announced divestitures of Network Power, Leroy-Somer and Control Techniques for a total of $5.2 billion as part of the company’s overall strategic portfolio repositioning that was initiated in June 2015....More