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 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.
The new CEO will succeed Stanley Bergman, who has led the pharmaceuticals and healthcare products distributor for the past 35 years.
The newly-created role will lead Border States’ enterprise-wide digital strategy, accelerating value creation through technology, data and process modernization.
Following a $1.2 equity commitment announced a week earlier, the financing suggests QXO expects to land its second acquisition soon.
The deal expands A. O. Smith’s presence in the water management market and broadens its integrated product offering.
See the association’s roster of directors and Manufacturer Council members for 2026.
