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AD noted that 80 new companies joined the group in the year’s first nine months, half of which came via acquisitions by existing members.
Midway brands itself as the Mid-Atlantic's largest independent distributor of power transmission products and industrial supplies.
The acquisition of Advanced Industrial Supply is part of a flurry of acquisition activity in recent years to expand into new categories.
Graybar's net sales were a 3Q record, but growth is down from the numbers recorded in the first and second quarter of 2023.
Inline Electric Supply adds TVW Electrical Supplies, a distributor of electrical supplies including power distribution products.
'We are currently unable to process orders online,' a banner reads on the hardware retailer's website.
Following 2 consecutive monthly decreases, new orders increased $13.2 billion (or 4.7%) to $297.2 billion, the Census Bureau said.
GM followed suit days after the autoworkers union reached a deal with Ford and Stellantis.
The company reported double-digit organic sales growth in commercial aviation, defense and space and process solutions.
The deal further boosts their geosynthetics offerings, two months after the opening of a new Southern California facility.
