Member purchases from NetPlus suppliers and wholesalers rose 10% in the second quarter and are up 7% for the year.
Through the first nine months, TD SYNNEX generated $47.1 billion in revenue, up 4.4% from $45.1 billion in the prior year.
Manufacturers entered 2025 with modest confidence, but sentiment deteriorated sharply in the second quarter.
The company expects the AI deployment to accelerate product development cycles and improve supply chain coordination.
The deal marks SiteOne’s fifth acquisition of 2025 as the company accelerates its strategy of consolidating regional players to build scale nationwide.
The combination gives ADS access to new channels while deepening its position in existing markets.
The proceeds will be used for general corporate purposes, which could include investing in technology and distribution expansion.
Footwear Distributors and Retailers of America (FDRA), said the industry now pays nearly $5 billion annually in tariffs.
The move marks another step in SBP’s strategy for expanding through acquisitions of strong regional distributors.
CEO Robert Buck said TopBuild is expanding beyond its traditional focus on residential construction.