January M&A Roundup: Strong Start to 2019 - Modern Distribution Management

Log In

January M&A Roundup: Strong Start to 2019

There were a range of deal announcements across all sizes of distributors, including internationally.

Sonepar USA started 2019 with a bang, announcing its intent to acquire North Coast Electric, adding 34 branches to its network in Washington, Oregon, Idaho, Alaska and Arizona. North Coast ranked 17th on MDM's 2018 Top Electrical Distributors with 2017 revenues of $510 million. Sonepar ranked first on MDM’s 2018 list with $10.1 billion in 2017 revenues. 

In an M&A saga that lasted nearly a year, Staples and Essendant completed an agreement where an affiliate of Staples will acquire the outstanding shares of Essendant common stock in a deal valued at $996 million including net debt. Essendant and Genuine Parts Company entered into a definitive merger agreement in April 2018, in which Essendant agreed to combine with GPC’s S.P. Richards business in a deal valued at $680 million, including a one-time cash payment to GPC of $347 million. The merged business products wholesaler would have had pro forma 2017 net sales of about $7 billion. Staples put in a competing bid, and Essendant’s board determined in September that the Staples offer was a better deal.

There were a range of deal announcements across all sizes of distributors, including internationally. Rubix, the largest European distributor of bearings, power transmission and automation, fluid power, machining, assembly, tools and protective equipment with €2.2bn in 2017, plans to acquire Schäfer Technik Group, a 120-person distributor operating in Germany, Austria and Switzerland.

January M&A Deals

Sonepar USA to Acquire North Coast Electric

Staples completes offer for Essendant

WESCO to Acquire Sylvania Lighting Solutions

Core & Main to Acquire DCL Fabrication & Supply

Rubix to acquire Schäfer Technik

GPC Completes German Acquisition

Valin Corp Acquires Power Transfer Products

Sysco to Acquire Waugh Foods

Shingle & Gibb Acquires KOM Automation

The Crosby Group Acquires Straightpoint UK

Purvis Industries Acquires Ready Bearing Supply

A&M Industrial Merges with Boro Supply Company


Dana Completes SME Group Acquisition

Pentair to Acquire Aquion and Pelican Water Systems

Atlas Copco Acquires IPV

Hexcel Acquires ARC Technologies

Actuant to Become Pure-Play Industrial Tools Business

Rockwell Automation Acquires Emulate3D

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.