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The acquisition is FleetPride's first since the distributor appointed Kevin Weadick, formerly of Zoro, as its president.
The oilfield products distributor's 1Q growth far outpaced that of the global rig count, powered by sales in the U.S. and international.
Vanguard is Pye-Barker's third acquisition of 2023 after the safety products distributor made 23 bolt-ons in 2022.
While down somewhat from its 4Q22 figures, Wesco posted more double-digit sales growth in 1Q despite harsh market headwinds.
Among the new locations are three in Texas, two in Tennessee, one in Puerto Rico and several across the Midwest.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
On a seasonally adjusted annualized basis, nonresidential spending totaled $997.1 billion for the month, according to ABC.
The decline in sales was primarily driven by a weak housing market that has plagued the building materials and construction industries for the past year.
The central bank lifted rates by a quarter of a percentage point but indicated it may pause further increases.
The distributor of rubber sealing products, O-rings, gaskets and associated technical products marks AFC's fourth acquisition in 2023.
