All the latest reporting and analysis from Distribution Strategy Group.
Longtime CEO Daniel Florness will step aside next summer.
Home Depot isn’t just targeting the locals, but the big core customers for many distributors.
Brian Norris, president of Supply Technologies, said the new site will support a more efficient hub-and-spoke distribution model in North America.
Galco, founded in 1975, is a global distributor and service provider of industrial automation products.
For the year ending Dec. 31, 2024, the company distributed 2.1 billion gallons of fuel.
NEFCO is a specialty construction supply distributor headquartered in East Hartford, Connecticut, serving professional contractors and industrial customers across North America.
IFS said the acquisition extends its industrial AI platform into warehouse operations, connecting manufacturing, warehouse execution, and supply chain processes within a single system.
McPherson said the company will continue to focus on customer growth, operational execution, and technology investments.
The expansion highlights Amazon Business’s continued push to extend beyond product fulfillment.
Bain Capital said Service Logic’s scale and acquisition-driven growth strategy were key factors behind the investment.