There was a renewed level of M&A announcements in September on both the private equity and strategic buyer sides. Office products dealers and other customers finally got some resolution in September to the disrupted merger announcement in April of Genuine Parts Company subsidiary S.P Richards and Essendant. Staples entered shortly after that definitive merger agreement with a sweetened offer, and concluded the ongoing negotiations with an all-cash tender offer for outstanding shares of Essendant on Sept. 24.
On the industrial products side, Brazos Private Equity Partners exited its founding investment in Blackhawk Industrial Distribution, 32nd on MDM’s 2018 Top Distributor list, with the sale to Snow Phipps Group. PE firm Supply Chain Equity also established a national platform in the waterproofing and sealant distribution sector with its investment in Coastal Construction Products.
More deals from September:
Brazos Private Equity Partners Announces Sale of BlackHawk Industrial
Crescent Electric Supply to Acquire National Electric Supply
Coastal Construction Products Partners with Supply Chain Equity
Staples Reiterates Proposal to Acquire Essendant
Essendant Says Staples Offer Better than S.P. Richards Deal
S.P. Richards/Essendant Merger Agreement to Terminate
Staples to Acquire Essendant
Staples Commences All-Cash Tender Offer for Outstanding Shares of Essendant
Genuine Parts Company Announces Industrial and Automotive Acquisitions
U.S. LBM Acquires Blevins Building Supply
Barnes Group to Acquire Gimatic S.r.l.
B&D Industrial Acquires Western Machine Works
Ferguson Waterworks Acquires Grand Junction Pipe & Supply
Packaging Distribution Services Acquires Serenity Packaging Corp.
RPM International Acquires Nudura Corp.
Timken Completes Purchase of Cone Drive
Timken Completes Acquisition of Rollon Group
Resideo Technologies Names CFO
© 2018 Gale Media, Inc.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
The 2018 Top Distributors List
This free PDF includes lists of top distribution companies across 14 sectors.
You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.
Download the Free PDF now >>
MDM Update: Daily Newsletter
Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox.
Sign-up for MDM Update >>