June M&A Roundup: Deals Resume After COVID-Related Drought 

Log In

June M&A Roundup: Deals Resume After COVID-Related Drought 

Mergers and acquisitions among distributors and manufacturers picked up last month after an especially slow April and May, due to concerns over the coronavirus. 

M&A activity across distribution and manufacturing was understandably slow during MarchApril and May as the coronavirus stymied deals in all stages — those getting underway and even those well into the due diligence process. 

But the severe spring drought gave way to a flurry of transactions in Juneat least in comparison to the previous few months. In addition to the largest acquisition in recent memory finally closing — WESCO’s $4.5 billion purchase of Anixter — the month saw a handful of deals reach the finish line. 

June saw some larger operators refocus on their core business operations by shedding assets. W.W. Grainger Inc. announced the divestment of two overseas businesses — its China operation and France-based Fabory Group — while Genuine Parts Co. sold S.P Richards Co. to two buyers in separate transactions 

Plenty of distributors added to their portfolios during the month, including Dakota Supply GroupMars SupplyDGI Supply and Atlas Copco. 

At least one deal was publicly scrapped because of the coronavirus. Carlisle Cos. Inc. terminated its previously announced agreement to acquire Draka Fileca SAS due to the transaction’s regulatory approval not being received before the expiration of the parties’ agreed time to satisfy closing conditions. 

Look for more on the evolving M&A landscape in the July 10 issue of MDM Premium, and look for more deals to get announced in the third and fourth quarters. 

Activity Outlook 

“M&A is down relative to where it has been — and the market had been on fire for many years — but M&A is not dead,” says Reed Andersonmanaging director and head of Houlihan Lokey’s Specialty Distribution practice“A good number of pre-COVID deals are kicking around that may now get done, and we are starting to see new deals roll out. The pace is the question. We still do not know when the public health crisis and the economy are going to get better. Yes, there is distress, but a ton of opportunity exists here too. 

In the meantime, here is a roundup of all the deals from June listed in reverse chronological order. 

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.