The acquisition, effective immediately, is intended to expand Spartan’s product portfolio and enhance its manufacturing capabilities.
Capstone is making a long-term bet that it can succeed where others have struggled—by building an integrated distribution platform.
According to DXP, the company amended an existing credit agreement to increase its total revolving borrowing capacity from $135 million to $185 million.
As of Tuesday morning, the company had not disclosed whether sensitive data, such as customer, vendor, or employee information, was compromised.
The reset comes after Goodyear and Bridgestone, two of the top global tire manufacturers, cut distribution ties with ATD within the past year.
Parspec expects both the distributor and contractor tools to be commercially available by the end of 2025. Pilot programs are currently underway.
While the GMS deal marks a major expansion in scale, the Roofr integration reflects SRS’s ongoing investment in digital tools to enhance contractor operations.
Moores will be integrated into DXP’s rotating equipment division, which focuses on the sales and service of pumps and related equipment.
The deal underscores Amazon Business’s increasing penetration in education and other verticals traditionally served by distributors.
Sales for members of Heating, Air-conditioning & Refrigeration Distributors International (HARDI) fell 2.1% in May 2025 compared to the same month last year.