To further court Beacon investors to tender their shares into QXO’s buyout offer, QXO’s founder and CEO wrote to sympathize and level with Beacon staff.
Power Transmission/Motion Control
Article
Acquisitions Power DXP’s Strong Annual Sales Gain
The company reported strong 4Q and full-year results, driven by sales growth across its business segments and seven acquisitions during 2024.
The pause includes goods covered by the North American trade agreement (USMCA).
Facilities Maintenance (MRO)
Article
Distribution Solutions Group Nets $1.8B in 2024 Sales with 4Q Jump
DSG reported strong 4Q and full-year sales growth for 2024, driven by acquisitions and continued expansion across various markets.
Fasteners
Article
Fastenal February Daily Sales Jump to 14-Month High
The company reported a major February increase in daily sales growth, following a modest rebound in January and a three-year low in December. See our full breakdown of the monthly figures.
According to the White House, Trump told the “Big Three” automakers they should move production to the U.S from Canada and Mexico.
Manufacturing
Article
Honeywell to Buy Pumps Maker Sundyne for $2.2B
Colorado-based Sundyne is a designer and manufacturer of pumps and gas compressors led by brands of Ansimag, HMD Kontro and Marelli.
The company reported an increase in 4Q sales, despite margins and profits declining amid “increased market pressures” and economic uncertainty.
Building Materials/Construction
Article
QXO Again Extends Tender Offer to Buy Beacon
QXO re-extended its all-cash tender offer, with Brad Jacobs challenging the Beacon board’s resistance. Beacon issued a prompt response.
Economic Trends
Article
PMI Dips as New Orders Fall & Prices Rise
The overall reading remained in expansion territory after nine straight months of contraction that ended in January.
Metals Service Centers
Article
PMA: Metalformers’ Optimism Holds Steady in February
Manufacturers of metalformed products moderated their February economic outlook, with a dip in optimism and steady forecasts for orders and shipping levels, according to a PMA report.
Electrical
Article
Border States Plans 1st Regional DC, Set for Fargo
Slated to open in fall 2026, the distribution center will serve 28 Border States locations across the Midwest.

