For the quarter ending Sept. 30, sales rose 12.9% to $6.2 billion, up from $5.49 billion a year earlier.
Distribution Strategy Group
Articles by Distribution Strategy Group
The merger is expected to generate about $120 million in annual synergies.
The distributor said sales rose 3.3% in the third quarter to $353.6 million, marking its second straight period of revenue growth.
The technology distributor reported revenue of $5.9 billion for the quarter ending Sept. 27.
PETL specializes in dielectric testing that verifies the safety and reliability of electrical protective gear.
The Cleveland-based distributor said revenue for the quarter ending Sept. 30 rose 9% from a year earlier to $1.2 billion.
QXO reported a net loss of $139 million but said that, excluding one-time costs, it earned $121 million during the quarter.
CEO Bob Espey said Parkland’s “diversified business and strong operational execution” leave it well positioned as it combines with Sunoco.
Matt Ehrman, a veteran of the security, distribution, and retail industries, will oversee purchasing, forecasting, and vendor negotiations in his expanded role.
The program, integrates Hub Group’s nationwide truckload, less-than-truckload (LTL), and final mile network with Essendant’s existing warehouses.
Daryn Cherry joins mSupply from industrial distributor WinSupply, where he spent more than a decade and most recently served as director of e-business.
McIsaac, who became COO in 2024, will take over in January.
For the full fiscal year, MSC reported net sales of $3.77 billion, a 1.3% decline from fiscal 2024’s $3.82 billion.
Co-owner Nick Giorgio said the company is “moving forward” with renewed focus and determination to strengthen its presence in the fastener industry.
Roger Farmer joins the company with more than three decades of experience scaling multi-location distribution and building-supply operations.
The Austin hub underscores McLane’s intent to weave automation, AI, and advanced analytics into every aspect of its business.
Two-thirds of organizations said they are using AI-powered chatbots or virtual agents in customer contact centers.
Industrial sales climbed to $2.3 billion, up 4.6% year over year.
Jahida Nadi joined MSC as senior vice president of sales.
CenterPoint said the divestiture supports its strategy to concentrate on larger markets in Texas, Indiana, and Minnesota.