Industry veterans have launched Veritronics as a North American distributor of automatic identification, data capture, industrial coding and traceability technologies, positioning the company around a curated product portfolio, VAR-focused channel strategy and service-intensive support model.
Grainger’s rare bolt-on adds frictionless inventory technology to its High-Touch business, extending the distributor’s digital strategy deeper into customers’ MRO operations. We cover the details and context here.
The electrical distributor opened 20 branches, added more than 1,700 team members and advanced service launches. We recap the key details and milestones from CES’ fiscal 2025-2026.
The Houston-based lubricants distributor added Colombia-based Chevron distributor OilRed, extending the reach of its Grupo Lucalza Latin American division.
The private equity investment will provide BDI with additional capital and operational resources to support organic and acquisition-driven growth, while the distributor’s existing leadership team will retain a meaningful ownership stake.
BFS is leading a $25 million funding round for Digs and entered a five-year commercial agreement aimed at embedding the technology provider’s AI capabilities into the distributor’s digital ecosystem.
The technology distributor said the deal will add managed services and IT solutions capabilities across cloud, cybersecurity, data center and AI, while reporting double-digit sales and profit growth in its fiscal fourth quarter.
The auto parts supplier’s Chapter 11 case will convert to a Chapter 7 liquidation after a federal judge rejected its proposed creditor repayment plan, bringing First Brands’ nearly yearlong bankruptcy process toward a close.
Lowe’s second-quarter sales increased 8.3% year-over-year to $26 billion, while comparable sales increased with strength in its Pro, online and home services businesses.
The Home Depot’s 2Q26 sales were up 5.7%, with Pro segment comps outperforming DIY and SRS performing above the company average in the quarter.
Applied ended fiscal 2026 with its strongest organic growth in more than three years and raised its intermediate targets to $7 billion in sales and a 14% EBITDA margin.
Two longtime HD executives will oversee Decker’s CEO duties during his absence, with the news coming two weeks after the company reorganized leadership to accelerate contractor market share gains.
