August M&A Roundup: Pace of Deals Increases Again Following Slow July - Modern Distribution Management

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August M&A Roundup: Pace of Deals Increases Again Following Slow July

MDM reported on 40 mergers and acquisitions among industrial distributors and manufacturers in August, the most since April.
Mergers and Acquisitions Business Company Cooperation Concept. M&A Deal Partnership.

As we noted last month, the pace of mergers and acquisitions has been somewhat inconsistent throughout 2023. The year started off strong with 50 reported deals in January, but the pace has gone up and down in the seven months that have followed. After a relative slowdown in June (27) and July (23), the number of M&A deals took off again in August, as MDM reported on 40 deals involving distributors or relevant manufacturers in industrial, commercial and building supply verticals. The August total ties for the second-best month for M&A in 2023, as we also reported 40 deals in April.

And it wasn’t just the tally of mergers and acquisitions that stood out. Some of the industry’s top distributors announced or closed deals in August.

BradyIFS not only acquired a Southern California-based JanSan company — it also announced that it was merging with Envoy Solutions, in one of the most impactful deals we’ve reported this year. Veritiv Corporation announced it will be acquired by CD&R for approximately $2.3 billion, while Ferguson simultaneously announced three acquisitions that could net the company an additional $450 million in revenue. Border States, ABC Supply, Beacon, Imperial Dade, White Cap, Stellar Industrial and a host of other distributors also announced deals during the month.

Read about all the deals from August by clicking the links below. Premium members can download and read the 2Q 2023 M&A Report here.

MDM’S SHIFT Conference, Sept. 18-20 in Denver, brings together distribution leaders to learn and network across topics of sales & marketing, digital transformation, data analytics and talent management. Find more info here.

August M&A:

These are the M&A announcements — primarily involving distributors, but also manufacturers that sell through the channel — that MDM covered during August 2023 (click the headline for more details):

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