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Breaking news in Wholesale Distribution
The company says the recently closed Series A funding will help it expand AI-powered growth platform for distributors.
The new capital will be used to develop its e-commerce platform and software development for sales teams and technician staff.
The home appliance, HVAC and plumbing repair parts distributor made a deal to acquire the company from Ridgemont Equity Partners.
John Pehler, who joined the company Jan. 10, has been appointed chief digital officer after previous jobs at Grainger and Caterpillar.
An Associated Builders and Contractors analysis of Producer Price Index data shows prices increased over November.
The Producer Price Index for final demand increased 0.2% in December, the U.S. Bureau of Labor Statistics reported.
The St. Louis-based electrical, communications and data networking distributor said SVP and CFO Scott Clifford will retire in June.
The Tacoma, Washington-based MRO distributor says it has reached a deal to acquire supply firm JLM Industrial Supply.
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The middle-market private equity firm sold its majority interest in Rosboro Holdings, Inc. to One Equity Partners.
