Deliveries under the contract are expected to begin immediately and continue throughout fiscal 2026.

The scholarship’s growing popularity reflects a broader, mounting demand for skilled trades workers across the U.S. economy.

The company said its financial position remains solid even as it continues to invest in expansion and workforce training.

The move broadens AD’s presence beyond its core electrical, industrial and safety sectors into a wider set of construction materials.

Graybar is preparing for a major leadership shift as two long-time executives plan to retire next year.

Founded in 1972, Airtron focuses on HVAC installation for residential new construction with a growing offering of maintenance and repair services.

UFT supplies process equipment, pumps, flow control, and automation systems and has grown by consolidating regional providers with deep engineering expertise.

For Ferguson — a $30.8 billion distributor with about 1,700 North American locations — the investment is part of a broader digital strategy.

For distributors, the message is clear: Middleby is concentrating its bets — and expects its partners to do the same.

Resideo has also spun off or shuttered a number of non-core lines and businesses as it sought to stem margin pressure and streamline operations.

Chief financial officer Kent Yee said the acquisition continues DXP’s work to expand the DXP Water platform into a full-line products and service business.

Border States said stepping away from AD will allow the company to “activate internal strengths, processes and capabilities.”

For distributors, November’s supply chain readings offered both relief and new complications.