Latest In mergers and acquisitions
On HD Supply’s earnings call, CEO Joe DeAngelo and CFO Evan Levitt discussed the company’s M&A strategy following the divestiture of its Construction & Industrial – White Cap division. (Hint, it’s only a matter of time before the company is again acquisitive.)
The newly formed AD Safety Network Division will be headed by Marisol Fernandez, who also is president of the buying group’s Industrial and Safety-U.S. Division.
M&A volume hasn’t completely returned to pre-COVID volume, but last month saw decent activity and some multibillion-dollar deals, including two in building materials & construction and one involving a distribution ERP provider.
For the second time in two weeks, the building materials and construction sector saw major consolidation with Builders FirstSource Inc.’s Thursday announcement that it would acquire BMC Stock Holdings Inc. in a $2.5 billion, all-stock merger. Here’s what we know about the deal so far.
Packaging products supplier TricorBraun has agreed to acquire Price Container and Packaging, a rigid packaging distributor serving primarily the industrial and food markets.
Combined company will account for more than $11 billion in annual sales with expectations of annual cost synergies of $130 million to $150 million by the third year.
National Safety Apparel, Cleveland, Ohio, has expanded its USA-based safety and military clothing brands with the acquisition of Chicago-based leather glove manufacturer Kunz Glove and Virginia Beach-based military gear manufacturer Wild Things.
Bunzl, the London-based international distribution and outsourcing group, said it had agreed to acquire the Memphis-based safety distributor MCR Safety and Dublin-based packaging distributor Abco Kovex.
The former HD Supply Waterworks Business announced the completion of its 11th acquisition since being formed in 2017 as an independent, private equity-backed distributor; this latest deal will expand Core & Main’s reach in New Jersey.
Electrical distributor Schaedler Yesco Distribution Inc., Harrisburg, Pennsylvania, announced it has acquired the Pittston, Pennsylvania, and Johnson City, New York, locations owned and operated by Rexel USA.
Heritage Landscape Supply Group Inc., a wholly owned subsidiary of SRS Distribution Inc., has added another asset to its portfolio with the acquisition of Boise, Idaho-based Silver Creek Supply.