The deal marks one of the largest energy mergers and signals Parkland’s transformation into a continental powerhouse.
Chief financial officer Raj Agrawal acknowledged that new U.S. tariffs could introduce added complexity to component sourcing and pricing.
The company announced a comprehensive overhaul of its distribution network, the first of its kind in over six decades.
For U.S. distributors, this about-face is more than a legal technicality—it’s a major disruption to strategic plans that were already in motion.
Despite its longstanding presence and industry reputation, TransAxle was unable to secure a buyer to continue its operations.
The leadership changes also include the departure of George McClean, former president of Sonepar Canada, who is leaving the company to pursue other opportunities.
Core & Main operates more than 320 branches across the United States, providing essential products like pipes, hydrants, water meters, and stormwater systems.
The acquisition of AFS complements White Cap’s existing product portfolio, enabling the company to offer a wider range of solutions to customers.
Wilmington Rubber & Gasket serves a variety of industries, including pulp and paper, chemical, marine, power, nuclear, utility, and construction.
Scott Dowell, who steps into the role on May 27, brings more than two decades of experience in industrial distribution.