LBMX Acquires Buying Group Services (BGS)

LBMX Inc., a London, Ontario–based business marketplace platform provider, acquired Buying Group Services (BGS) in an all‑shares transaction effective January 1, 2022. The acquisition adds managed services capabilities to LBMX's existing EDI, PIM and eCommerce offerings, enabling expanded services (including central payments and PIM enrichment) for independent distributors, buying groups and suppliers across end markets such as HVAC, electrical, plumbing, building materials and food service equipment.