While there was a definite period of growth in the years immediately following the big economic storm, recent years have been mostly flat. The economy has moved, but it was definitely slow growth. While most distributors have only been able to maintain their sluggish margin position, reports from nearly every sector indicate faster growth on the horizon for the next year and a half.
Carrier Enterprise (CE) has long been recognized as one of the HVACR industry's leading product distributors combining cutting-edge technology, a robust product portfolio, and customer-focused service and product delivery. Recently CE was honored by the technology industry for having the "Best B2B Customer Experience" by Magento. CE received the award at the Magento Imagine 2017 Conference where over 2,500 eCommerce experts, agencies, and technology providers from over 40 countries gathered April 2-5, 2017 to celebrate best practices in the industry at the Wynn Las Vegas Resort and Casino.
Permira, the global private equity firm, announced that a company backed by the Permira funds has signed a definitive agreement to acquire DiversiTech, an aftermarket manufacturer and supplier of highly-engineered components for residential and light commercial heating, ventilating, air conditioning and refrigeration (“HVACR”), from an affiliate of The Jordan Company LP.
Mitsubishi Electric US Inc. Cooling & Heating Division (Mitsubishi Electric), announced the appointments of Tom McSharry to senior director of solutions and Brian Wright to director of educational sales.
Cambridge Engineering continues its vision and planning for the future with promotions of key personnel to executive and management positions. These promotions follow the appointment of Marc Braun as the new president in January. John Kramer, the former president, continues in his role as CEO.
rainger (NYSE: GWW) today reported results for the 2017 first quarter ended March 31, 2017. Sales of $2.5 billion increased 1 percent versus $2.5 billion in the first quarter of 2016.
Thermostat Recycling Corp. (TRC) announced that its sixth annual Big Man On Planet (BMOP) competition begins May 1, in partnership with Heating, Air-conditioning and Refrigeration Distributors International (HARDI). BMOP will run through Oct. 31, and all HARDI wholesaler members are eligible to participate.
The 100 Best Corporate Citizens List was first published in 1999 in Business Ethics Magazine, and has been managed by CR Magazine since 2007. To compile the list, every company in the Russell 1000 — the highest ranked stocks in the Russell 3000 Index of publicly held U.S. companies — is ranked according to 260 data points. The methodology for generating the list is governed by the Ratings and Rankings Thought Leadership Council of the Corporate Responsibility Association (CRA).
According to the new market research report, "Building Automation System [BAS] Market - by Communication Technology, Offering, Application, and Region - Global Forecast To 2022," published by MarketsandMarkets, the overall BAS market was valued at $53.66 billion in 2016 and is expected to reach $99.11 billion by 2022, growing at a compound annual growth rate (CAGR) of 10.73 percent between 2017 and 2022.
Energy Control Technologies Inc. announced its new alliance and partnership with Distech Controls for distribution and promotion of its products, solutions, and services. As an authorized distributor of Distech Controls, Energy Control will provide sales, application engineering, design and configuration, as well as technical support of its products and systems.