News
All the latest reporting and analysis from Distribution Strategy Group.
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Fastenal’s Q2 Sales Rise 8.6% as Quarterly Revenue Tops $2 Billion
Fastenal said the pace of price increases accelerated throughout the April-to-June quarter and current prices are now about 3% higher than a year ago.
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TopBuild to Acquire Progressive Roofing for $810 Million
TopBuild said the acquisition will be funded through a combination of cash on hand and its recently expanded credit facility.
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Trinity Hunt Partners Launches National HVAC Distribution Platform with Blackhawk Supply
Blackhawk’s ecommerce-focused model and expansive parts catalog provide a competitive edge in meeting increasing demand for digital procurement solution.
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Parts Town Unlimited Names New CEO and CFO as Longtime Leader Steps Aside
Bill Geary, formerly a senior executive at global distributor Wesco, will succeed Steve Snower as CEO.
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QXO Names Former Kraft Heinz Executive as CIO to Lead Digital Transformation
At Kraft Heinz, Eric Nelson oversaw large-scale cloud migrations, developed enterprise-wide analytics platforms, and digitized core logistics operations.
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Spartan Fastener Acquires American Jebco to Expand Specialty Product Capabilities
The acquisition, effective immediately, is intended to expand Spartan’s product portfolio and enhance its manufacturing capabilities.
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Promoted but Not Prepared: The Case for Sales Manager Training
Sales organizations are notorious for promoting top performers into management roles without adequate preparation.
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Wholesale sales of durable goods tick up in May as inventories fall
Wholesale sales of durable goods tick up in May as inventories fall.
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Capstone Targets Southeast Expansion Amid Broader Push to Modernize Building Products Distribution
Capstone is making a long-term bet that it can succeed where others have struggled—by building an integrated distribution platform.
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DXP Enterprises Expands Credit Line and Makes an Acquisition
According to DXP, the company amended an existing credit agreement to increase its total revolving borrowing capacity from $135 million to $185 million.