July 2017 M&A Roundup: Busy Month in Industrial Kicks Off 3Q - Modern Distribution Management

Log In

July 2017 M&A Roundup: Busy Month in Industrial Kicks Off 3Q

Activity also picked up in other sectors.
Author
Date

The long-awaited M&A surge appears to have begun in July, with a healthy volume of distribution deals being announced, including from some of the largest players in the industrial sector.

Four companies on MDM’s Top 40 Industrial Distributors list made moves last month – two acquisitions and two divestitures.

Grainger, No. 1 on the 2017 list, sold its subsidiary Techni-Tool Inc. to Moorpark, CA-based TestEquity. Grainger bought Techni-Tool in 2012.

Last month Grainger also announced that it would close 59 branches in Canada as part of a “substantial transformation in the business,” said President & CEO DG Macpherson in a call to discuss the company’s second-quarter results.

In other July industrial deals, No. 4 Motion Industries agreed to acquire Numatic Engineering, Los Angeles, CA. Numatic Engineering will be part of Motion’s automation solutions group, which includes Braas Co., acquired in October 2016.

Also, ERIKS nv – parent company of No. 20 ERIKS North America – agreed to divest its Danish subsidiaries Dansk Ventil Center AS and Valtor Offshore AS to Armatec Group, part of Sweden-based Ernströmgruppen.

And No. 29 DGI Supply agreed to acquire Coast Tool Co., expanding “DGI Supply’s reach and depth in Northern California,” said Jeff Waller, president of DGI Supply parent company DoALL Co.

Here are other key deals that occurred in July 2017:

ABC Supply Acquires Capstone Supply

Border States Electric to Acquire Kriz-Davis Co

EDGE Global Supply Acquires Italian Distributor Technology BSA

Bunzl Makes Offer to Acquire Companies in France

Hydraulic Supply Co. Agrees to Acquire Fabacher Inc.

AWISCO Acquires Nyrock Machine & Tool

Bolts & Nuts Acquires Industrial Fastening of Macon

The Home Depot to Acquire Compact Power Equipment

SRS Distribution Opens 4 New Locations

Brady Acquires Walter Industrial & Sanitary Supply’s Denver Location

Saint-Gobain Agrees to Acquire Companies in Brazil, Germany

 

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!

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.

Learn More about Custom Reports

Request a Market Prospector Demo

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