All the latest reporting and analysis from Distribution Strategy Group.
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.
Distributors manage their own product catalogs and can limit online availability to in-stock items.
The offering was increased during the marketing process, signaling strong investor demand.
Legacy systems are at their breaking point. Distributors need AI-driven, cloud-based enterprise systems to expand margins and build resilient, scalable businesses.
Off-the-shelf technology often falls short of the needs of mid-sized distributors. Custom-built systems are expensive and inflexible.
Leo Oei, currently vice president of national accounts at the building supplies distributor, will take over from Mike Wilson who is retiring.