ADI becomes an independent distributor with a business focused on professionally installed low-voltage products.

For distributors, the report points to continued strength in industrial demand entering the second half of the year.

For distributors, the report points to continued inventory replenishment as companies position themselves to meet customer demand while navigating shifting trade flows and evolving tariff policies.

The acquisition advances QXO’s strategy of building a technology-enabled products distribution company with $50 billion in annual revenue through acquisitions and organic growth.

For the first nine months of fiscal 2026, MSC generated net sales of $2.931 billion, an increase of 5.0% from $2.791 billion during the same period last year.

The survey of 122 distributor members, conducted in April, found that 65% reported first-quarter sales increased at least 3% from a year earlier.

Through May, on-time deliveries increased by more than 4% compared with the same period a year earlier, while average miles driven per delivery declined by nearly 5%.

The transaction continues a broader pattern of consolidation in specialty building products distribution as distributors expand into new geographic markets and add specialized product capabilities to support contractors