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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in the Carrying Amount of Goodwill by Segment | Changes in the carrying amount of goodwill by segment were as follows:
(in thousands) |  | Lawson |  | TestEquity |  | Gexpro Services |  | Canada Branch Division |  | Total
Balance at December 31, 2024 |  | $ | 192,598 |  |  | $ | 164,880 |  |  | $ | 56,342 |  |  | $ | 48,969 |  |  | $ | 462,789 |
Acquisitions(1) |  | — |  |  | — |  |  | 168 |  |  | 849 |  |  | 1,017 |
Impact of foreign exchange rates |  | 327 |  |  | — |  |  | 1,649 |  |  | 2,791 |  |  | 4,767 |
Balance at June 30, 2025 |  | $ | 192,925 |  |  | $ | 164,880 |  |  | $ | 58,159 |  |  | $ | 52,609 |  |  | $ | 468,573 |
(1) Refer to Note 3 – Business and Asset Acquisitions for information related to measurement period adjustments.
Schedule of Gross Carrying Amount and Accumulated Amortization for Definite-Lived Intangible Assets | The gross carrying amount and accumulated amortization for definite-lived intangible assets were as follows:
| June 30, 2025 |  | December 31, 2024
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
Trade names | $ | 141,756 |  |  | $ | (52,401) |  |  | $ | 89,355 |  |  | $ | 141,654 |  |  | $ | (45,386) |  |  | $ | 96,268 |
Customer relationships | 275,030 |  |  | (116,750) |  |  | 158,280 |  |  | 272,051 |  |  | (100,867) |  |  | 171,184 |
Other (1) | 7,849 |  |  | (5,922) |  |  | 1,927 |  |  | 8,310 |  |  | (5,999) |  |  | 2,311 |
Total | $ | 424,635 |  |  | $ | (175,073) |  |  | $ | 249,562 |  |  | $ | 422,015 |  |  | $ | (152,252) |  |  | $ | 269,763 |
(1) Other primarily consists of non-compete agreements. Amortization expense for definite-lived intangible assets is included in Selling, general and administrative expenses in the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
Amortization expense for intangible assets | $ | 11,650 |  |  | $ | 12,206 |  |  | $ | 23,235 |  |  | $ | 22,954 |
Schedule of Estimated Aggregate Amortization Expense | The estimated aggregate amortization expense for the remaining year 2025 and each of the next four years and thereafter are as follows:
(in thousands) |  | Amortization
Remaining 2025 |  | $ | 23,427 |
2026 |  | 43,669 |
2027 |  | 38,589 |
2028 |  | 34,301 |
2029 |  | 30,604 |
Thereafter |  | 78,972 |
Total |  | $ | 249,562 |

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