August M&A Roundup: Consolidation Maintains Healthy Pace - Modern Distribution Management

2022-08-26 19:00:38 By : Ms. Pressure Gauge

The threat of an increase in the capital gains tax, coupled with accepting the new business cycle on what everyone hopes is the tail end of COVID-19, has pulled forward acquisition deals, and last month was another healthy one for M&A volume.

MDM reported 25 transactions in August as companies of all sizes, verticals and ownership structures (i.e., private, PE-backed and public) were active.

Highlights include SRS Distribution Inc. notching its 100th acquisition since forming in 2008, and then following that deal soon after with an expansion into Hawaii. Look for more on the company’s M&A pursuits and overall business outlook on an upcoming MDM Podcast.

McNaughton-McKay also added an asset, while Core & Main was active with one new deal and one closed deal during the month. Serial acquirer US LBM Holdings announced three acquisitions in August.

There were many more notable transactions, and in case you missed anything, here are all the M&A announcements MDM covered during the previous month — primarily involving distributors but also manufacturers that sell through the channel and even a service provider (click the headline for more details):

Did we miss anything? Please send M&A announcements to editor@mdm.com. We also welcome suggestions for “Behind the Deal,” our occasional series that takes a deep dive into market-shifting moves in wholesale distribution.

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