World Electric promises faster deliveries, more specialized services and support for vertical markets like solar and EV charging as a result of the new facility opening.
Stanley Black & Decker will return to a non-executive Chairman of Board effective Oct. 1.
They’ve been in the electrical supplies market since 2009, with a long tenure at Anixter before it was acquired by Wesco in 2020.
The pending acquisition is set to create a combined company with over $9.5 billion in annual revenue.
GPC is combining its chairman and CEO positions to provide unified leadership for the company comprised of subsidiaries Motion and NAPA Auto Parts.
One manufacturer said the overall rise in prices for carbide and HSS-based products has become more apparent.
The company completed four projects to enhance its responsive, localized network in the Pacific Northwest.
The manufacturer/distributor made nine bolt-ons during 2025 that led to healthy annual gains in sales and EBITDA.
The offering was in response to investment demand following $3 billion raised earlier this month in two private placement rounds.
It follows the company’s opening of a large DC near Fort Worth in early 2025.
The construction and contractor supplies distributor expanded considerably under Bertram Capital over the past three-plus years.
The bank said the resilience reflects better-than-expected growth — especially in the United States, which accounts for about two-thirds of the upward revision to the 2026 forecast.
