GLOBAL INDUSTRIAL Business Summary

Global Industrial Co. (NYSE: GIC) is a value-added industrial distributor of maintenance, repair, and operations (MRO) products, generating revenue through the multi-channel sale of over one million SKUs to a diverse North American customer base. The company’s business model is characterized by a digital-first approach, with e-commerce accounting for more than 60% of total sales, and a high-margin proprietary product strategy centered on its "Global Industrial Exclusive Brands" like Nexel and Interion. GIC’s operations are primarily consolidated under its Industrial Products Group, recently bolstered by the acquisition of Indoff to expand its footprint in specialized furniture and material handling. In a competitive landscape dominated by W.W. Grainger, MSC Industrial Direct, and Fastenal, GIC differentiates itself as a mid-market leader that combines the scale of a national distributor with the agility of a pure-play e-commerce provider, specifically targeting a shift from transactional SMB sales to long-term strategic enterprise accounts. Founded in 1949 by the Leeds family, the company is currently led by Chief Executive Officer Anesa Chaibi, who assumed the role in February 2025. Chaibi brings over 30 years of industrial B2B experience, having previously served as CEO of HD Supply Facilities Maintenance and CoolSys, following an early career at General Electric and an MBA from Duke University’s Fuqua School of Business. The executive suite includes Richard "Tex" Clark as Senior Vice President and CFO, and Alex Tomey as Chief Merchandising Officer, both of whom have been instrumental in the company’s rebranding from Systemax to Global Industrial. The board is chaired by Executive Chairman Richard Leeds, ensuring continuity of the founding family’s vision while the company pursues aggressive digital transformation and supply chain optimization to enhance shareholder value.