W.W. Grainger acquires Alliance Energy Solutions in all-cash deal; terms undisclosed

By AP
Wednesday, November 18, 2009

W.W. Grainger acquires Alliance Energy Solutions

CHICAGO — Maintenance products distributor W.W. Grainger Inc. said Wednesday that it has bought Alliance Energy Solutions in an all-cash deal.

Terms were not disclosed.

Grainger expects the deal to increase earnings in 2010 by roughly 1 cent to 2 cents a share.

Alliance Energy Solutions, an energy services company, is based in Oxford, Conn.

Grainger shares fell $2.77, or 2.7 percent, to $98.66 in afternoon trading.

Tags: Acquisitions, Chicago, Mergers And Takeovers, North America, United States

Acquisitions News

YOUR VIEW POINT

NAME :	(REQUIRED)
MAIL :	(REQUIRED) will not be displayed
WEBSITE :	(OPTIONAL)

YOUR COMMENT :
	Submit Notify me of followup comments via e-mail

WW Grainger sales rise in AugustCHICAGO â W.W. Grainger Inc., a supplier of industrial maintena...

WW Grainger profits jump; lifts forecastCHICAGO â W.W. Grainger Inc. posted a 40 percent jump i...

LOS ANGELES - Hollywood actress Katherine Heigl has revealed that she looks up to Sandra Bu...

Volcano presses "Iron Man 2"NEW YORK â The continued grounding of planes in Europe means Miley ...

2010 Pulitzer Prize winners and finalistsThe 2010 Pulitzer Prize winners and finalists, with comment...

Former Cherokee Nation chief Wilma Mankiller dies OKLAHOMA CITY â Former Cherokee Natio...

Young mom finds temporary home for her newbornEDITOR'S NOTE â Already the mother of twin girls,...

NEW YORK (GaeaTimes.com)- Michael Lewis's new book "The Big Short" which is subtitled as 'Inside the...

KATHMANDU - Harihar Acharya, a disciple of Indian classical dance doyenne Sitara Devi, is charting a...

W.W. Grainger's daily sales up 12 percent in Feb.CHICAGO â W.W. Grainger Inc. said Wednesday th...