Following a $1.2 equity commitment announced a week earlier, the financing suggests QXO expects to land its second acquisition soon.
Latest In Featured Breaking News
Dan Florness has been with the company since 1996 and its CEO for the past nine-plus years.
Valued at $1.5 billion, the deal is set to result in a PVF and industrial supplies distributor with a combined revenue of around $5.4 billion and more than 350 locations worldwide.
The walkout will shut down imports from overseas and lead to disruption to distribution and manufacturing operations in the U.S.
Combining MDM's No. 2 and 21 Top Electrical Distributors, it will net Sonepar 23 branches in the southern and southwest U.S. and over 700 associates.
Missing economists' expectations of an increase, the latest PMI reading indicated contraction for the 19th time in 20 months.
The court's 6-3 decision effectively passes regulatory power from federal agencies to lower court judges.
They include the B2B marketplace’s App Center, a bulk order quote feature and more.
The company says the deal allows it to better serve the “complex purchase occasion” and establishes it as a leading specialty trade distributor across multiple vehicles.
Van Dongen led NAW for 41 years until his retirement in late 2020, spearheading the association’s transformation into what it is today.
The company is set to separate its electronics and water businesses from its industrial unit.
A major bridge at a key U.S. port entry has collapsed, potentially disrupting Port of Baltimore operations for months.
Sources told the Wall Street Journal that a Consumer Protection Safety Commission vote could make Amazon liable for the safety of third-party products.
The National Association of Wholesaler-Distributors and Modern Distribution Management have combined in a move that unlocks a wealth of data-driven intelligence for NAW members and MDM subscribers.
The figures indicate that demand remains soft and production execution was slightly down compared to October.
The same bad actor re-encrypted previously stolen sensitive information, apparently just as the distributor had recovered from the initial breach.
Machinery and auto parts inventory drove the first monthly gain since February.
Two of North America's largest JanSan, foodservice and packaging supplies distributors are now one.
While total sales growth continued to slow from earlier in the year, it still far outperformed the MRO market.
3Q Industrial & Safety sales fell nearly 5% year-over-year amid mixed end-market demand and distributors right-sizing inventory levels.
