October M&A Roundup: 4Q Launches with 2nd Most Deals of 2023 - Modern Distribution Management

Log In

October M&A Roundup: 4Q Launches with 2nd Most Deals of 2023

During the month, MDM reported on 43 mergers and acquisitions among distributors and manufacturers, the second most in any month this year.
Mergers and acquisitions among industrial distributors and manufacturers rebounded in December after slowing down in the latter half of November.

If you bet the “over” on merger-and-acquisition activity among industrial distributors and manufacturers for October, then you would have cashed in. The pace of relevant M&A activity increased yet again during the month, this time to 43 reported deals — the second most of any month so far in 2023. Only January (50 deals) had more, while April and August fall to third most with 40 deals each. In October, the sequential pace of M&A — which, as we reported before, has resembled a rollercoaster-like path — grew by 18 deals compared with September.

The monthly pace of deals rose during the preparation of a new M&A report, which revealed that 3Q M&A activity has slowed among most companies. According to data compiled by Houlihan Lokey, domestic M&A activity across all industries was down again in 3Q 2023, continuing a sequential downward trend that started during the last three months of 2021.

As for October itself, multiple companies announced more than one merger or acquisition. Atlas Copco added distributors in New Hampshire and Slovakia, while Foundation Building Materials added three new locations via acquisitions. Imperial Dade announced deals to acquire companies in Ohio and Quebec, while Ingersoll Rand and Timken each made a pair of additions as well. Not to be outdone, Sonepar announced agreements to acquire companies in Florida, Illinois and Michigan.

Read about all the deals from October by clicking the links below. Here’s our September roundup.

Don’t forget: MDM Premium members can download and read the 3Q 2023 M&A Report here.

October M&A:

These are the M&A announcements — primarily involving distributors, but also manufacturers that sell through the channel — relevant to the industrial, commercial and building supply markets MDM covers that we published during October 2023 (click the headline for more details):

Premium members can download the 3Q 2023 M&A Report here. All other Premium and monthly reports are available to download here.

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.