W.W. Grainger acquires Alliance Energy Solutions
CHICAGO (AP) — 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.
