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May 2016 M&A Roundup: Strategic Moves by Large Companies Looking for Growth

Top building materials, plumbing companies make deals.

Large distributors in several sectors sought to augment top-line growth in softer end markets and to expand into new geographies in May through acquisitions, an M&A theme that has emerged during the first half of 2016. Consolidation ramped up last month in building materials & construction and HVAC & plumbing, with the largest distributors in each sector making acquisitions.

Building products distributor ABC Supply Co. Inc., Beloit, WI – No. 1 on MDM's list of the Top 10 Building Materials & Construction Distributorsacquired roofing products distributor T&C Supply, Flagstaff, AZ, giving ABC Supply its first location there.

And Ferguson Enterprises Inc. – No. 1 on MDM's list of the Top 10 HVACR & Plumbing Distributorsacquired Bruce-Rogers Co., a Fort Smith, AR-based plumbing and HVAC equipment supply house that serves contractors in western Arkansas, eastern Oklahoma and southern Missouri.  

In other news from those sectors, Beacon Roofing Supply Inc., Herndon, VA – No. 4 on list of the Top 10 Building Materials & Construction Distributorsacquired Fox Brothers Co., a Lansing, MI-based distributor of roofing, siding, windows, doors and related products.

And MORSCO, a Fort Worth, TX-based distributor of commercial and residential plumbing, heating and cooling equipment, and pipe, valves and fittings, acquired plumbing wholesaler DeVore & Johnson, Athens, GA.

The other big M&A headline for last month: Air Liquide completed its acquisition of Airgas, making the global gases provider a key player in North American markets.

Here are other key deals that occurred in May 2016:

Lawson Products Acquires F.B. Feeney Hardware

Sonepar Subsidiary Codale Electric Acquires Grove Madsen Industries

Bunzl to Acquire 2 German Companies

Essendant Calls off Acquisition of Minority Contracts from Staples

S.P. Richards Agrees to Acquire Safety Zone

KLX Acquires Herndon Aerospace & Defense

Jergens Industrial Acquires B&G Supply

General Cable Agrees to Sell its North American Automotive Ignition Wire Business

Ritz Safety Acquires Public Works Supply

Air Products to Sell Performance Materials Division

Legrand Acquires CP Electronics

RG Group Acquires Asdec

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