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For Ed Long and Tom Murphy, the decision was almost a no-brainer. And if you’ve seen the way the two are transforming the 40-year-old stainless pipe, valves, fittings distributor — Ace Stainless — since purchasing the company in 2020, you’d be shocked to know it’s just a team of about 10 people behind the major growth.

Reputation can make or break a business — especially organizations that produce and manufacture consumer products.

Ferguson released its first-ever Environmental, Social and Governance report titled “Building Influence.” The report highlights Ferguson’s progress in conducting its operations with a lighter footprint while creating positive impact for its stakeholders.

Respondents reported calendar-year-to-date sales growth of 21.7%, flat compared to the last report. For the trailing 12 months ending June 2022, respondents reported strong sales growth of 19.8%.

Affiliated Distributors (AD) reported that total member sales in the first six months of 2022 were $36.1 billion, an increase of 29% across its 13 divisions and three countries.

AD welcomed over 200 attendees from 110 companies across all AD industries in the U.S. and Canada to the summit.

According to a recent research study from Epicor, a maker of industry-specific enterprise software designed to promote business growth, 96 percent of organizations surveyed worldwide have confidence in their ability to navigate the early stages of the ERP purchase process, from initial evaluation to requirements planning.

Charlotte Pipe and Foundry Company has announced that effective July 13, the company has purchased Neenah Enterprises, headquartered in Neenah, Wisconsin.

The merger brings twenty-six independent Canadian distributors with forty-six locations into the AD family.

The FED has plans to raise these rates slowly throughout the year, but the last time Jerome Powell (current FED chairman) attempted this in 2018, he had to revert his course and lower rates once again. It is possible that Powell is forced to keep rates low again, even with high inflation.