a location in Fresno, CA … Milwaukee, WI-based The Tool
House Inc. announced in mid-July that is acquiring Excel
Assembly Solutions, a provider of industrial tool sales,
tool calibrations and service to the Cleveland, OH area …
In early July, Home Depot announced it is acquiring Fort
Mill, SC-based Compact Power Equipment Inc. — a
national provider of equipment rental and maintenance
services — for $265 million. In 2015, Compact Power
surpassed 1,000 stores across the U.S. and Canada … Six
months after announcing the purchase of Stanley Black &
Decker subsidiary JENSEN Tools + Supply, California-based
TestEquity announced July 26 that it has acquired Grainger
subsidiary Techni-Tool Inc.
E-commerce giant Amazon provided two key updated figures about its B2B supply segment — Amazon Business — in late July, illustrating the
unit’s remarkable growth since its launch in April 2015.
Amazon Business shared that it has surpassed 1
million business customers since its launch. That figure
has more than tripled in size from May 2016, when the
unit reported that more than 300,000 purchases were
made on Amazon Business in its first year as it topped
$1 billion in sales.
Amazon Business also shared that it now has more
than 85,000 business sellers, dwarfing the 30,000 sellers
it had in its first year and nearly double the 45,000
amount it reported this past January, at which time it
also stated it had more than 400,000 sellers.
So far, Amazon Business is only available in the U.S.,
U.K., Germany and India.
Amazon shared customer testimonial quotes
and examples from Siemens, King County (home of
Amazon’s headquarters in Seattle), and Stanford
University that aimed to exemplify the ease of using
Amazon Business’ rapid growth suggests that it
could serve as the ‘fourth pillar’ that Amazon has been
driving for to complement its e-commerce marketplace,
Amazon Prime and Amazon Web Services.
Amazon Business Tops 1 Million
Customers Since Launch
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