The economic indicator was expected to hold or modestly tick down, as indices for new orders and production both declined month-over-month.
Do it Best Group is relocating True Value’s headquarters from Chicago to Fort Wayne, IN, bringing the retail-owned hardware chain’s corporate base to the home of its new parent company.
The deal expands IDI’s spray foam and polyurea capabilities in the Midwest, following its acquisition of Design North Supply one day earlier.
QXO officially closed on its acquisition of TopBuild, adding insulation distribution and installation scale to its fast-growing building products platform and positioning the company near the top of MDM’s Building Materials/Construction Top Distributors List.
The deal adds repair and maintenance management technology to Parts Town’s OEM foodservice parts distribution platform.
Expected to add about $200 in annual revenue, Flowserve said the Trillium Valves deal strengthens its position in nuclear and power generation markets while expanding its valve, actuation and aftermarket capabilities.
Homebuilding AI company Higharc raised $95 million in Series C funding and named US LBM as the first partner for its new AI Estimating product for building materials distributors.
NetPlus Alliance’s latest Industry Outlook showed a strong start to 2026 among its distributor members, with most reporting year-over-year sales gains and more than three-quarters expecting full-year sales growth.
The figures suggest goods continued accumulating across distribution channels, albeit at a slower pace than April, and we’ll find out if sales kept pace when the government’s full wholesale trade report publishes July 8.
The new top leadership appointment is effective July 13, as Founder Brian Price transitions to Board Chairman
TIC has appointed an 18-year company veteran to lead its Motors & Drives sales efforts, succeeding longtime leader John O’Brien.
QXO’s acquisition of TopBuild cleared a major hurdle with shareholder approval from both companies. The transaction is expected to close July 1, positioning QXO as one of North America’s largest publicly traded building products distributors.
