On May 22, 2023, Kramer Levin client Global Industrial Company (NYSE:GIC) announced that it has acquired 100% of the issued and outstanding equity interests of Indoff for approximately $69.2 million in cash. Global Industrial Company is a value-added national distributor of industrial products and MRO supplies. Indoff is a value-added business solutions provider and distributor serving businesses across the U.S. and parts of Canada.