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.
New Census Bureau data analysis suggests wholesale trade continues to report AI usage below the national average, indicating a more gradual pace of adoption. Meanwhile, the broader findings reflect MDM & NAW’s industry AI research.
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.
The independent construction and industrial distribution cooperative has served its members for 37 years. Get the details here, including where those members are likely heading.
Employee-owned electrical distributor Van Meter is expanding and automating its Minnesota distribution hub with a 124,000-square-foot addition designed to boost efficiency, consolidate operations and support long-term growth.
Parker Hannifin is set to significantly expand its Aerospace & Defense footprint by acquiring CIRCOR’s commercial and defense aerospace business, adding flight-critical motion and flow control technologies tied to major OEM and defense platforms.
The deal marks ADH’s second acquisition since its 2024 formation by Tigertail Capital Partners and expands the HVAC distribution platform with six Midwest locations.
