{"schema_version":"secwatch.filing_event.v1","accession":"0000945114-23-000059","form_type":"8-K","ticker":"GIC","cik":"0000945114","company_name":"GLOBAL INDUSTRIAL Co","filed_at":"2023-05-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.954500+00:00","generated_at":"2026-06-14T19:01:54.576393+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Global Industrial buys Indoff for $69.2M cash; adds 350+ sales partners","bullets":["Cash purchase price of ~$69.2M funded from existing credit facility and cash on hand.","Indoff had ~$180M revenue in 2022; implied multiple of ~7.3x pre-tax income.","Acquisition adds over 350 sales partners; Indoff to operate as subsidiary under current brand and leadership.","Strategic fit to open new channel for Global's exclusive brands and strengthen product alignment."],"urls":{"canonical":"https://secwatch.observer/filing/0000945114-23-000059","json":"https://secwatch.observer/filing/0000945114-23-000059.json","markdown":"https://secwatch.observer/filing/0000945114-23-000059.md","text":"https://secwatch.observer/filing/0000945114-23-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/945114/000094511423000059/0000945114-23-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/945114/000094511423000059/gic-20230519.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T19:01:54.576393+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ab76ed01b56e216981d0a232b7f6b7f7863938ee","claim":"GLOBAL INDUSTRIAL Co entered into Securities Purchase Agreement with the holder (\"Seller\") of 100% of the issued and outstanding equity interests (both voting and economic) of Indoff, and certain direct and indirect owners of the Seller who beneficially own Indoff through the Seller (\"Seller Owners\") valued at approximately $69.2 million (effective 2023-05-19).","evidence_excerpt":"On May 19, 2023 (the \"Closing Date\"), a wholly-owned subsidiary (the \"Purchaser\") of Global Industrial Company (the \"Company\") entered into and completed certain transactions contemplated by a Securities Purchase Agreement (the \"Purchase Agreement\") with the holder (the \"Seller\") of 100% of the issued and outstanding equity interests (both voting and economic) of Indoff (\"Indoff\"), and certain direct and indirect owners of the Seller who beneficially own Indoff through the Seller (the \"Seller Owners\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/945114/000094511423000059/0000945114-23-000059-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the holder (\"Seller\") of 100% of the issued and outstanding equity interests (both voting and economic) of Indoff, and certain direct and indirect owners of the Seller who beneficially own Indoff through the Seller (\"Seller Owners\")"},{"label":"Value","value":"approximately $69.2 million"},{"label":"Effective","value":"2023-05-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}