All the latest reporting and analysis from Distribution Strategy Group.
Distributors may face stronger competition from companies that combine product distribution, logistics and service contracts.
For distributors, the company’s pivot could create new opportunities as UPS targets freight profiles that look more like traditional wholesale shipments.
The companies, incorporated in seven states including Virginia, were accused of falsely certifying their eligibility for PPP loans when applying for the program.
CEO J. Bryan King said the acquisition strengthens DSG’s Mobile Valve platform within Source Atlantic and expands the company’s reach in Eastern Canada.
The acquisition would expand Graybar’s presence in Oklahoma and reflect ongoing consolidation in the electrical distribution sector.
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For distributors that ship thousands of orders daily, even modest increases in diesel prices hurt.
The acquisition reflects continued consolidation across the industrial distribution sector.
The decline in February project activity follows several years of strong investment in distribution and logistics infrastructure as companies expanded warehouse capacity.