Medical/surgical products distributor Medline Canada signed a Prime Vendor agreement with Mohawk Medbuy, marking the company’s first such relationship outside the U.S.
Oridian Capital Partners formed AnchorPoint Foundations to consolidate foundation repair, basement waterproofing, crawl space and concrete lifting providers — a niche with clear relevance for distributors serving residential repair, building products and specialty contractor channels
Meanwhile, three-fourths of survey commentary was negative, with more than half of comments citing pricing volatility as an issue and plenty of others mentioning the Iran war.
Apex Tool Group named Chris Keffer — most recently President and CEO of STIHL Inc. — as its new CEO, succeeding Jim Roberts after a decade in the role.
The distributor expands inventory access and regional Midwest support for data center construction and energy projects with the new facility.
Wholesale inventories continued to climb in April after sharp gains in February and March, though the latest advance came in below market expectations — a possible sign that recent stockloading is cooling.
SRS Distribution’s latest bolt-on adds a longtime Chicagoland commercial roofing business, continuing a busy 2026 acquisition pace for the Home Depot-owned distributor.
Minnesota-based CPM is a manufacturer of processing equipment used in oilseed and animal feed production, while North Carolina-based MW Components makes fasteners, springs and precision metal components.
Canals said the funding will accelerate product development for its AI-powered workflow suite used by more than 100 distributors.
It nets GMS three locations between Ottawa and Ontario and more than 50 employees.
The funding for the rapidly scaling residential home service platform reportedly values Apex at $10 billion, and signals continued appetite for such platforms that are reshaping contractor buying power across key distribution end markets.
The U.S. government says bankrupt supplier First Brands underpaid tariffs on imported goods for years, adding another major development to the company’s ongoing collapse and its growing fallout across the automotive aftermarket distribution channel.
