58% of businesses report that higher tariffs are negatively affecting their operations, with retail (70%) and manufacturing (69%) hit hardest.
Cotner joins the Illinois-based distributor after more than a decade at Infinite Electronics, a global supplier of electronic components.
Lawless founded The Lawless Group 50 years ago with his father, Darrell, and his wife, Janis.
The acquisition expands Scruggs/NTS’s geographic reach and strengthens its ability to provide integrated products and services to municipalities, utilities, and industrial clients.
Under the leadership transition, TCG president Mike Lepley will lead the combined PHCP business unit at AD, reporting to CEO Bill Weisberg.
The company said its technology is already in use at a $10 billion construction-supply distributor and a global equipment manufacturer.
Pernod Ricard USA said the restructuring sharpens portfolio focus and aligns distribution resources with key growth areas.
Home Depot Inc. has received clearance from the Canadian Competition Bureau for its $5.5 billion tender offer to acquire building materials distributor GMS.
U.S. companies on average expect to raise prices by 3.5% in the coming 12 months.
The decline in sales was driven by lower volumes in wallboard and steel framing, down 5.4% and 6.3%, respectively.