The deals continue the company’s strategy of expanding its HVAC/R distribution capabilities in the United States, one of its fastest growing regions.
Distribution Strategy Group
Articles by Distribution Strategy Group
The move reflects Boeing’s growing emphasis on distribution as a strategic business line.
CEO Christine Leahy said the company is “embedding AI into the core of how we operate, serve, and grow.”
FleetPride and TruckPro will operate a network of over 450 locations.
The Benchmark deal follows Turner’s 2024 acquisition of Alabama Industrial Distributors, based in Oxford, Ala.
For distributors, the stronger output leads to continued order flow across industrial and consumer markets.
Austen previously led Bemis Company, a global manufacturer of flexible packaging and pressure-sensitive materials, as president and CEO.
Home Depot has secured U.S. antitrust clearance for its $5.5 billion tender offer to acquire building materials distributor GMS Inc.
The Bureau of Labor Statistics reported Thursday that the PPI for final demand rose 0.9% in July, the largest monthly gain since February.
Orise Distribution, a startup medical supplies distributor, is expanding its St. Louis facility with a $6.2 million investment.
Best most recently was president and chief operating officer of Coborn’s Inc., a Minnesota-based grocery retailer.
Lev Peker joins DFS from the automotive aftermarket sector, where he led PartsID and CarParts.com.
US Foods confirmed recent reports that it had approached rival Performance Food Group about a potential merger, though PFG has not shown interest.
Stellar Industrial Supply distributes more than 90,000 MRO products and tools from over 1,500 brands across 18 regional hubs in the U.S.
The drop was concentrated on durable goods, which saw orders fall 9.3% in June.
Purchases from AD suppliers rose 28% to $12.9 billion across the group’s 13 divisions in the U.S., Canada, and Mexico.
The company’s largest strategic accounts continued to lead growth, while transactional and lower-retention customers saw a decline.
Distribution continues to navigate complex supply chain disruptions.
While new pool construction remains under pressure, the company anticipates a recovery in demand for pool renovations and remodels.
The expansion reflects growing demand for engineered lumber in areas facing labor constraints and stricter building codes.