News

Import duties will cost midsized U.S. wholesalers $48.7 billion annually at current rates, representing 59.2% of the total costs of tariffs to midmarket firms.

While the GMS deal marks a major expansion in scale, the Roofr integration reflects SRS’s ongoing investment in digital tools to enhance contractor operations.

Moores will be integrated into DXP’s rotating equipment division, which focuses on the sales and service of pumps and related equipment.

The deal underscores Amazon Business’s increasing penetration in education and other verticals traditionally served by distributors.

Sales for members of Heating, Air-conditioning & Refrigeration Distributors International (HARDI) fell 2.1% in May 2025 compared to the same month last year.

“This quarter reflects meaningful progress,” said CEO Erik Gershwind. “We’ve launched new growth efforts and continued to expand our customer service offerings.”

Apptium provides a cloud-native platform that supports e-commerce, billing, fulfillment, and subscription management.

Edward Fenton most recently served as vice president of customer and field platforms at Ecolab, where he oversaw enterprise-wide digital engagement and modernization initiatives.

An internal Q&A posted in an SEC filing, stated that GMS’s current strategy and customer focus will not change in the near term.