After selling wholesale distributor of wire rope and rigging products for $20 million, HWCC expects to use the net sales proceeds to reduce debt.
Latest In Mergers & Acquisitions
P.T. International, IPTCI Bearings and LMS Bearings unite under the master brand known as Solve Industrial Motion Group.
SiteOne bolsters its portfolio with the addition of Alpine Materials, a Dallas-based distributor of mulches, soils and hardscape materials to landscape professionals.
After low-single-digit growth in 1Q, plumbing and HVAC distributor Ferguson PLC projects for the coming year accelerating M&A activity plus upbeat residential construction and renovation to offset softness in the commercial market.
NW Synergy, a joint venture of JanSan and facilities maintenance distributors, has added the Wichita, Kansas-based company to expand its footprint of product and service offerings.
Mid-State Lumber will continue to operate under its existing brand and with its current leadership after acquisition by U.S. Lumber, a subsidiary of Specialty Building Products.
Rubber Service’s owner, Lou Siemer, will continue to lead the new branch for Belt Power, a portfolio company of Shorehill Capital LLC.
Electrical distributor says the addition of Shingle & Gibb will strengthen its position in industrial automation and control.
Addition of building materials distributor will strengthen US LBM’s presence in the New York metropolitan tri-state area.
Company’s latest addition is Topmost Chemical & Paper, a Memphis, Tennessee-based distributor of janitorial supplies and equipment.
Go behind the scenes of Ferguson and Grainger, learn what’s driving building material M&A, discover the distribution leaders of tomorrow and see what Amazon does better than anyone by checking out MDM’s most-read blogs from last month.
Bearings manufacturer adds company that employs approximately 220 people and expects 2020 sales to be around $30 million.
Not only has activity rebounded despite the rise in coronavirus cases and corresponding lockdowns, but also multibillion-dollar deals are happening more frequently. Here’s our M&A recap from a very busy month.
Independent company, which serves Northern Virginia, Maryland and Washington, D.C., will become part of building materials giant — the soon-to-be merged BMC and Builders FirstSource.
Paints, coatings and specialty materials supplier PPG, Pittsburgh, Pennsylvania, on Monday announced that it has agreed to acquire Ennis-Flint, a Greensboro, North Carolina-based manufacturer of coatings, for $1.2 billion.
Swiss fastener distributor The Bossard Group has invested a 40% stake in the startup company MultiMaterial-Welding AG, Stansstad, Switzerland.
Emerson says acquisition will help the company’s customers “further their sustainability goals through better air management.”
PE-backed PPE manufacturer Protective Industrial Products Inc. has bought Primax Manufacturing & Trading Inc., a maker of safety gloves and other protective clothing.
Plumbing and HVAC distribution giant Ferguson adds Old Dominion Supply Inc. and Atlantic Construction Fabrics Inc. to its portfolio.
The recent flurry of high-profile, high-dollar M&A deals involving building material distributors like HD Supply, US LBM and Foundation Building Supply has sparked plenty of shakeup but also shined a light on this sector.
