Industry News - July 2021

Makita breaks ground on major expansion

Makita U.S.A. launched construction of a new 600,000-square-foot facility northeast of Atlanta in Hall County, Georgia. The new facility will be constructed on 80 acres of land and is part of Makita’s planned future development to address continuing growth in the United States. The new facility will serve as a distribution center, and will also include a sales and training center, customer service resources, and a factory service center. The location has adjacent space for future expansion up to 800,000 square feet.


Milwaukee Tool to expand footprint in Mississippi

Milwaukee Tool announced it’s building a new manufacturing facility in Grenada, Mississippi. Anticipated to open in late 2022, the new facility will accommodate increased capacity for the company’s growing power tool accessories and power tool business. With this facility, Milwaukee has committed to creating 1,200 jobs in the region. 


ServiceTitan announces $500M investment 

ServiceTitan announced a $500 million round at an $8.3 billion valuation. The capital raised will be used to fuel growth as the company continues to invest in customer experience, product development and hiring talent around the globe. The company also announced that it has surpassed $250 million in annual recurring revenue, having grown more than 50% over the past 12 months. The company serves more than 7,500 contracting businesses that collectively employ more than 100,000 technicians and perform more than $20 billion worth of annual transactions across various home and commercial service verticals, including plumbing, air conditioning, electrical and more.


RectorSeal offers live, distance-training classes

RectorSeal has released a monthly, live, distance-training schedule for distributors and contractors in the professional trades. The classes offer the opportunity for distributors and contractors to participate in web-based training classes featuring live, interactive training environments. Professional, NATE-certified trainers lead the scheduled classes to deliver an experience that equals a traditional on-site training class. Registration for all live-distance training classes is available on the RectorSeal website.


Franklin Electric acquires water treatment company

Franklin Electric announced it has acquired Puronics, and its wholly owned subsidiaries, headquartered in Livermore, California, in an all-cash transaction. Puronics is a residential and commercial water treatment products and services provider operating four company-owned service centers and serving approximately 133 independent water quality dealers with approximately 260 locations in 31 states.


Stellar Brands named new umbrella company

Stellar Brands was named a new umbrella company uniting Restoration 1, bluefrog Plumbing + Drain and future acquisitions under one multibranded service organization. Gary Findley will serve as CEO of Stellar Brands and has also been named operating partner of franchising/home services by MPK Equity Partners, which acquired Restoration 1 and bluefrog Plumbing + Drain in April 2020.


A.O. Smith receives Energy Star award

A. O. Smith announced it received a 2021 Energy Star Sustained Excellence Award, a top Energy Star honor. The recognition marks the third consecutive year that A. O. Smith received an Energy Star Partner of the Year award for its commitment to providing professionals and homeowners with energy efficient solutions.


Wieser Concrete acquires Minnesota Precast Industries

Wiser Concrete acquired Minnesota Precast Industries, based in Rosemount, Minnesota. The experienced staff will remain at the Rosemount plant, joined by Kenny from Wieser’s Maiden Rock plant to assist in production and deliveries. 



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