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Watsco's impressive fourth quarter followed a record-breaking third quarter.
The company will distribute safety products and services to all industry segments, according to President Don Chargin.
SiteOne finished 2022 with a strong fourth quarter.
Over the past 12 months, the all-items index increased 6.4% before seasonal adjustment, according to the Bureau of Labor Statistics.
The move comes less than a month after AFC's acquisition of Hazel Park-based Motor City Industrial.
Despite the decline in January, backlog remains elevated by historical standards and is 0.1 months higher than in February 2020.
The distributor of electrical and industrial products continues to blossom since its acquisition of Anixter International in 2020.
Descartes acquired GroundCloud for up-front consideration of approximately $138 million, satisfied with cash on hand.
The company will be reported within Seco, a division within Sandvik Manufacturing and Machining Solutions. 
The industrial PVF products distributor reported 4Q sales of $869 million, an increase of 27% compared to the same quarter in 2021.
