June M&A Roundup: Consolidation Rolls on to Close 2Q

June M&A Roundup: Consolidation Rolls on to Close 2Q

The second quarter ended with a healthy amount of M&A across distribution, with some familiar names announcing market-shifting deals.
M&A

The final month of the second quarter saw some big names in distribution announce deals, helping keep distribution M&A rolling in 2021 as the first half of the year drew to a close.

Top Distributors like BlackHawk Industrial, MSC Industrial, SBP Holdings, US LBM Holdings, Winsupply and others made strategic acquisitions in the month. Meanwhile, Builders FirstSource, No. 1 in Building & Construction, took a unique approach to M&A by acquiring a software company that should help it compete digitally.

There were many more notable transactions, of course, and in case you missed anything, here are all the M&A announcements — primarily involving distributors but also manufacturers that sell through the channel — MDM covered during the previous month (click the headline for more details):

  • Builders FirstSource to Acquire Software Provider for $450 Million — Builders FirstSource Inc., Dallas, has agreed to acquire WTS Paradigm LLC, a Middleton, Wisconsin-based software solutions and services provider for the building products industry, for $450 million. Read more about the deal in our blog, Why Did Builders FirstSource Spend $450 Million on a Software Company?
  • Ingersoll Rand Acquires Agritech Company Maximus — One week after striking a deal to buy positive displacement pump manufacturer Seepex GmbH, Ingersoll Rand Inc., Davidson, North Carolina, agreed to acquire Maximus for €135.4 million (US$110 million). The all-cash deal is slated to close in the third quarter once the customary closing conditions are met.
  • The Reynolds Company Strikes a Deal for Mid-Coast Electric Supply — The Reynolds Company, which is a subsidiary of McNaughton-McKay Electric Company, announced an agreement to buy San Antonio, Texas-based Mid-Coast Electric Supply.
  • Rockwell Automation Forks Out $2.2 Billion for Plex Systems — Rockwell Automation, which is based in Milwaukee, Wisconsin, said on Friday it has struck a deal to buy software company Plex Systems for $2.2 billion in cash. Rockwell said the deal was slated to close in its fiscal fourth quarter ending in September.
  • BlackHawk Industrial Acquires Two Companies — BlackHawk Industrial Supply, Tulsa, Oklahoma, acquired two companies. The distributor acquired Argo del Valle (formerly Argo-Fusco), a Mexican distributor with 30 employees and locations in Tijuana, Mexicali and Sonora, Mexico. And it acquired Southern Tool & Machine Co., an industrial distributor with locations in Pompano Beach and Largo, Florida.
  • Ingersoll Rand Agrees to Acquire German Pump Manufacturer — Ingersoll Rand Inc., Davidson, North Carolina, agreed to acquire positive displacement pump manufacturer Seepex GmbH (Seepex) for €431.5 million (US$514.2 million). The deal is expected to close in the third quarter.
  • B&D Industrial Acquires GTI Predictive Technology — B&D Industrial Inc., Macon, Georgia, acquired GTI Predictive Technology, a division of GTI Spindle Technology Inc., Manchester, New Hampshire.
  • OmniCable Completes Acquisition of Houston Wire & Cable — West Chester, Pennsylvania-based Omni Cable LLC completed its $91 million acquisition of Houston Wire & Cable Co. following approval of the transaction by HWCC stockholders at a special meeting earlier in the day.
  • Atlas Copco Acquires North Carolina Compressor Distributor — Swedish industrial manufacturer Atlas Copco acquired Compressed Air Systems Inc., a Salisbury, North Carolina-based distributor of compressors.
  • Heritage Landscape Acquires Two Companies — Landscape distributor Heritage Landscape Supply Group Inc., a McKinney, Texas-based subsidiary of SRS Distribution, acquired two companies — Southern Stone Supply of Raleigh, North Carolina, and Scott Stone of Mebane, North Carolina.
  • SBP Holdings Acquires Kenco Hydraulics — SBP Holdings, Dallas, Texas, acquired Kenco Hydraulics and subsidiaries. Kenco Hydraulics, which provides sales and repair services for all types of hydraulic products, will operate within the fluid power/automation platform (Dakota Fluid Power) for SBP Holdings.
  • US LBM to Acquire Texas Distributor — Specialty building materials distributor US LBM Holdings LLC, Buffalo Grove, Illinois, agreed to acquire J.P Hart Lumber and Hart Components, a building products distributor and manufacturer with eight locations across Texas.
  • Winsupply Acquires Atlantic Coastal Supply — Winsupply Inc., Dayton, Ohio, completed the acquisition of Atlantic Coastal Supply, a specialty plumbing distributor in Greenville, North Carolina. Atlantic Coastal Supply focuses on commercial and institutional customers including municipalities, schools, hospitals and prisons.
  • MSC Industrial Supply Acquires Majority Interest in Wm. F. Hurst — MSC Industrial Supply Co, Melville, New York, acquired a majority interest in Wm. F. Hurst Co., LLC, a Wichita, Kansas-based distributor of metalworking tools and supplies with a significant presence in the aerospace industry.
  • Atlas Copco Buys Germany-Based Arpuma — Swedish industrial manufacturer Atlas Copco agreed to acquire ARPUMA regel- und fördertechnische Geräte GmbH, a German specialized vacuum systems and solutions provider known as Arpuma.

Did we miss anything? Please send M&A announcements to editor@mdm.com. We also welcome suggestions for “Behind the Deal,” our occasional series that takes a deep dive into market-shifting moves in wholesale distribution.

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.

2

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

1

article
left

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.