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August 2014 Distribution M&A Roundup: Led by Building Materials, Construction Markets

M&A market remains unpredictable but steady.
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The unpredictable nature of today’s market for mergers and acquisitions was highlighted again recently when the sale of Epicor was suspended by Apax Partners. Apax reportedly put Epicor up for sale in May, but didn’t receive enough enticing bids to warrant going through with the sale, according to The Wall Street Journal.

But buyers are still finding and making deals, as shown in August’s list of distribution and manufacturing company mergers and acquisitions. Construction markets saw many of these deals in the distribution realm, including the ParexGroup sale to CVC Capital Partners and Kodiak Building Partners’ acquisition of AO Inc.

Builders FirstSource made two acquisitions in August, first of West Orange Lumber and then of Truss Rite, both manufacturers of wood roof and floor trusses with combined sales of nearly $25 million in 2013.

US LBM Holdings expanded their product line with an acquisition of Feldman Lumber, a provider of wallboard, steel stud, insulation, wood products and specialty building supplies.

Distribution International acquired The State/Allstate Companies, stocking distributors of mechanical insulation and HVAC products, increasing DI’s presence in markets in New York, New Jersey and Pennsylvania.

One deal worth $420 million went through last month when Anixter International agreed to acquire Tri-Ed, a distributor of security and low-voltage technology products from Audax Group. The acquisition strengthens Anixter’s product lines and will push the company’s profits in construction markets. Tri-Ed had sales of about $570 million the fiscal year ended June 30, 2014.

Here are other key deals that occurred in August 2014:

Hisco Acquires HMC Electronics

FCX Performance Acquires Corrosion Fluid Products Corp.

Bunzl Acquires Four Businesses

Berlin Packaging to be Acquired by Oak Hill Capital

Apex Tool Group Acquires Niagara Tools

Atlas Copco Agrees to Acquire Self-Pierce Riveting Business

ABB to Divest Full Service Business to Nordic Capital

Ingersoll-Rand to Acquire Division of Cameron International

Capital Safety Acquires Fall Protection Group

Catch up with more deals in distribution and manufacturing at our M&A news page.

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