Graybar continues its acquisitive push with a deal for California-based American Electric Supply, strengthening its electrical distribution presence in Southern California following a record-setting first quarter.
Latest In Mergers & Acquisitions
The deal adds a Mokena, IL-based industrial automation and electrical distributor about $330 million in 2025 annual turnover.
SBSI nets three Tennessee locations with the expansion, giving it 14 overall across the five U.S. states.
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The now-combined company also provided an update on MRC’s integration, and ERP system migration that has seen major challenges since launched in November.
It's already been a busy year for GME, which made a CEO succession in January and appointed a new COO in April.
It nets Ferguson nearly two dozen branch locations between two traditional distributors and four manufacturers rep agencies in for the company's Waterworks, HVAC and Industrial units. We detail who these six companies are here.
SK adds a like single-location distributor to grow its capabilities in the U.S. Northeast.
The tuck-in deal nets Winsupply two locations and 18 employees serving East Texas.
White Cap gains a nearly 60-year-old distributor with two locations serving the U.S. Southwest.
With the deal, Hubbell is set to add a significant segment of electrical components and wire management products to its portfolio as it targets growth tied to electrification, data centers and infrastructure markets.
The move will strengthen Singer's capabilities in conveyor system design, maintenance, and material handling solutions across key industrial markets.
Gates hopes to broaden its channel and application coverage, while Timken expects the move will improve margins.
See our breakdown of M&A activity by product category, the latest EBITDA trading multiples for 27 publicly traded industrial distributors; our latest Premium articles, which take deep dives into the M&A strategies of two prominent companies; and our detailed recap of dealmaking activity during January-March, which was the busiest three-month stretch since May-July 2024.
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Existing backer KKR maintains majority ownership of the distributor, while Neuberger Private Markets now holds a minority stake.
All three company geographies were in positive sales territory for the first time in 11 quarters. Meanwhile, the company closed on a Canadian acquisition that added about $61 million of revenue.
The deal nets Watsco 25 Sunbelt locations and $230 million in added revenue.
Gravis continues its acquisition push with its second deal in two months, adding Montreal-based Western Packaging Solutions to expand its Canadian footprint and strengthen its bulk packaging platform.
FIS serves a range of industrial sectors that include oil and gas, renewables, marine, hospitality and logistics.
