November M&A Roundup: Brady IFS, Graybar, US LBM Ink Multiple Deals

November continued an upward trend in mergers and acquisitions seen during the prior month, as well as during this year’s third quarter.
M&A April 2022

November 2021 was a busy month on the M&A front for multiple companies, including Brady IFS, Graybar and US LBM, all of which struck more than one deal during the month.

The M&A activity continued an upward trend from October, as well as this year’s third quarter. (See MDM’s 3Q 2021 M&A report for a full breakdown.)

November M&A

Here are the M&A announcements — primarily involving distributors but also manufacturers that sell through the channel — MDM covered during November (click the headline for more details):

  • BlackHawk Acquires Tools for Industry — Tulsa, Oklahoma-based BlackHawk Industrial — a distributor of metalworking, industrial, MROP and packaging supplies — acquired Dayton, Ohio-based Tools for Industry and its affiliate, Service for Industry.
  • BradyIFS Acquires Millennium — Foodservice and janitorial and sanitation distributor BradyIFS acquired Millennium Packaging & Distribution, a San Antonio-based company offering disposables, dry goods, janitorial, cleaning and facility supplies.
  • BradyIFS Acquires Seaway Supply — West Coast-based foodservice, janitorial and sanitation distributor BradyIFS acquired Seaway Supply Company, a Maywood, Illinois-based distributor and provider of foodservice disposables, janitorial supplies, industrial packaging and cleaning equipment.
  • Bunzl Acquires 2 U.K. Companies — International distribution and services group Bunzl plc acquired two companies based in the U.K.: Workwear Express, a leading business in personalized workwear and promotional clothing with a strong e-commerce focus, and Hydropac, a distributor of insulated packaging solutions.
  • City Electric to Acquire Soligent — Dallas-based electrical wholesale distributor City Electric Supply Company reached an agreement to acquire solar distributor Soligent and its solar distribution, engineering services and project financing business.
  • Core & Main Finalizes Catalone Acquisition — St. Louis-based Core & Main Inc. — a specialized distributor of water, wastewater, storm drainage and fire protection products — finalized its previously reported deal to acquire the assets of Catalone Pipe & Supply Co., a full-service provider of waterworks products and services, and custom concrete catch basins, based in Penfield, Pennsylvania.
  • Graybar Acquires Metro — St. Louis-based electrical, communications and data networking distributor Graybar acquired Metro Electric Supply and Metro Lighting, a regional distributor that primarily serves homebuilders and contractors that specialize in residential, commercial and industrial projects.
  • Graybar Acquires Steven Engineering — Graybar completed its acquisition of Steven Engineering, Inc., an automation, motion control and pneumatic solutions company based in South San Francisco.
  • Heritage Acquires Irrigation Companies — Heritage Landscape Supply Group, Inc., a McKinney, Texas-based subsidiary of SRS Distribution, acquired two irrigation equipment and supply companies: North Florida Irrigation Equipment, a family-owned distributor of irrigation, lighting, water features/pumps and other outdoor living products based in Jacksonville; and Hewitt, Texas-based Irrigation Supply, a family-owned distributor of irrigation products and accessories.
  • FleetPride Acquires Jim’s Truck & Trailer — Irving, Texas-based FleetPride Inc. acquired the assets of Jim’s Truck & Trailer Equipment, which provides heavy-duty parts and services to customers in north Texas and southwest Oklahoma.
  • FleetPride Acquires Garden Spot — Irving, Texas-based FleetPride Inc., a distributor of truck and trailer parts and services, acquired the assets of Pennsylvania-based Garden Spot Frame & Alignment.
  • Imperial Dade Acquires Nichols — Food service packaging and janitorial supply distributor Imperial Dade acquired Michigan-based Nichols Paper & Supply, the 43rd acquisition under Imperial Dade’s current leadership, the company announced.
  • Interfor to Acquire EACOM — Interfor Corporation — a British Columbia-based, growth-oriented forest products company with operations in Canada and the U.S. — reached an agreement with an affiliate of Kelso & Company to acquire 100% of the equity interests of EACOM Timber Corporation.
  • L&W Supply Acquires G. Proulx — Chicago-based L&W Supply Corporation, a U.S. distributor of building materials and specialty products, acquired the assets of Ft. Lauderdale, Florida-based G. Proulx Building Materials.
  • MiddleGround Acquires Race Winning — Lexington, Kentucky-based MiddleGround Capital, a private equity firm that invests in middle-market B2B industrial and specialty distribution companies, acquired Race Winning Brands.
  • Midland Acquires Century Brass — Kansas City, Missouri-based Midland Industries acquired Century Brass Products, a distributor of machined brass fittings and valves to the plumbing industry headquartered in Long Island, New York.
  • NSI Acquires Duro Dyne — Huntersville, North Carolina-based provider of electrical product solutions NSI Industries, LLC acquired Duro Dyne Corp., a Bay Shore, New York-based sheet metal manufacturer for the heating, ventilating and air conditioning industry.
  • Pool Corp. Acquiring Florida Company — Covington, Louisiana-based Pool Corp. signed an agreement to acquire Largo, Florida-based Porpoise Pool & Patio, Inc., including its main operating subsidiaries, Sun Wholesale Supply, Inc. and Pinch A Penny, Inc.
  • Regal Rexnord Acquires Arrowhead — Beloit, Wisconsin-based Regal Rexnord acquired Oshkosh-based Arrowhead Systems, a producer of industrial process automation solutions, including conveyors, palletizers and depalletizers to the food and beverage, aluminum can and consumer staple industries.
  • R&R Hardwood Sold — Boise-based hardwood flooring products distributor R&R Hardwood Distributors, Inc. was sold to a private investor, according to Generational Equity, a mergers-and-acquisitions advisor for privately held businesses.
  • SBP Will Acquire Millwork — Duluth, Georgia-based Specialty Building Products agreed to acquire Millwork Sales, a wholesale distributor of doors, door components, moulding and millwork products with locations in Orlando and Royal Palm Beach, Florida.
  • US LBM Acquires Arrowhead — Building materials distributor US LBM, of Buffalo Grove, Illinois, acquired Arrowhead Stairs & Trim, a producer and installer of millwork, hardware and exterior cedar products in the Dallas-Ft. Worth area.
  • US LBM to Acquire Barrons — US LBM, a building materials distributor based in Buffalo Grove, Illinois, reached an agreement to acquire Barrons, a provider of lumber and building materials to professional builders in the Washington, D.C. metro area.

Did we miss anything? Please send M&A announcements to editor@mdm.com. We also welcome suggestions for “Behind the Deal,” our occasional series that takes a deep dive into market-shifting moves in wholesale distribution.

Related Posts

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.

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