QXO Makes $5B Offer to Buy GMS
Just 50 days after closing on its $11 billion purchase of Beacon, QXO is back in pursuit mode.
QXO Makes $5B Offer to Buy GMS Read More »
2025
Amazon CEO: AI Will Reduce Company’s Workforce
In a public letter to Amazon employees, Andy Jassy said the company plans to gradually reduce its workforce as it expands the use of generative AI to automate tasks and reshape operations.
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U.S. Cutting Tool Orders Rose 2.7% in April
U.S. cutting tool consumption rose modestly in April but remains down year-over-year, as market uncertainty and tariff issues continue to delay expected industry growth.
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Fed Maintains Interest Rate, Still Expects 2 Cuts This Year
It was the third straight meeting in which the central bank held its benchmark interest rate, while going more conservative in its projection for 2026.
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GMS Sales End Fiscal 2025 at $5.5B as Organic Falls 5.8%
GMS reported lower fourth-quarter results amid soft market conditions, with strength in Ceilings and Complementary Products more than offset by declines in Wallboard and Steel.
GMS Sales End Fiscal 2025 at $5.5B as Organic Falls 5.8% Read More »
LINC Systems’ Transformation Levers: Sales, Digital & Data Analytics
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SRS’ Heritage Pool Supply Appoints New President
Heritage Pool Supply Group appointed a new president with over 30 years of industry experience to lead its growth and strategic direction.
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AD’s Independent Electrical Unit Appoints Supplier Relations Leader
AD appointed a seasoned industry leader as SVP of Supply Relations for its IESD, bringing channel expertise to strengthen supplier and member growth.
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BlackHawk Industrial Appoints New CFO
BlackHawk Industrial named a new CFO, emphasizing the company’s continued investment in leadership to drive financial performance and service.
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Beyond Products: The Rise of Value-Added Services
Many distributors have untapped opportunities to market and sell services that larger companies like Amazon and even OEM sellers largely do not provide. This second piece in a two-part series from Redwood Advisors examines why value-add services are critical to your organization and which ones might be the right fit for your team.
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Teamsters’ Strike at Breakthru Beverage Gets Support from 700 Union Employees in 6 States
Teamsters Local 79 said over 160 drivers at Breakthru Beverage locations in Florida went on strike after the company allegedly “fired workers involved in union activity.”
Rexel to Acquire Warshauer Electrical, Adding 5 Locations in NJ
Warshauer Electrical is a provider of technical services and products, including switchgears, engineering and design support, generator sales and rentals and more.
Rexel to Acquire Warshauer Electrical, Adding 5 Locations in NJ Read More »
Sterling Infrastructure to Buy Fellow Electrical Contractor CEC for $505M
Based in Texas, CEC is an electrical infrastructure and mechanical contractor, serving a range of industries such as data centers and commercial.
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Eaton to Buy U.K.’s Ultra PCS in $1.55B Aerospace Deal
Ultra PCS Limited is a provider of electronic controls, sending and date processing solutions to the aerospace industry.
Eaton to Buy U.K.’s Ultra PCS in $1.55B Aerospace Deal Read More »
May Industrial Production Falls More than Expected
U.S. industrial production dipped in May as utilities output fell sharply, while factory activity rebounded modestly after an April decline.
May Industrial Production Falls More than Expected Read More »
Data: U.S. Consumer Sentiment Improves for First Time in 6 Months
U.S. consumer sentiment jumped in June, with optimism rising across all groups despite lingering economic concerns and elevated inflation expectations.
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The Analytics Attribution Breakthrough: Building on Bedrock
The second of this five-part series uses a case study to explain the foundational concepts of data attribution, ontology and lineage that make scalable analytics possible for distributors.
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Rubix Launches “Uptime Index” as European Manufacturing Barometer
The London-based MRO parts distributor said the launch is in response to customers in Europe who voiced an increasing need for clearer insight into the factors impacting factory uptime and long-term performance.
Rubix Launches “Uptime Index” as European Manufacturing Barometer Read More »
Auto Shop Equipment Distributor UDG Privately Acquired
UDG is a North Carolina-based supplier of aftermarket automotive shop equipment, offering sales, installation and technical field services.
Auto Shop Equipment Distributor UDG Privately Acquired Read More »
MDM Forecast: June 2025 Update
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