Mergers & Acquisitions

September M&A Roundup: Building Materials Again Leads a Weaker Month

Dealmaking activity went noticeably quiet entering the fall alongside a general slowdown in the distributor newscycle. Get a full recap of September’s distributor M&A activity, including year-to-date volume and category breakdowns.

September 30, 2025

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While the latest revision to U.S. gross domestic product showed that economic growth accelerated to 3.8% in the April-June period — the strongest climb in nearly two years — it hasn’t translated into higher distributor dealmaking activity. MDM tracked 22 new distributor M&A transactions during September — either pending or completed — that involved companies primarily in the building materials, industrial or commercial hardgoods sectors. While only modestly behind the average monthly deal count we've tracked over the past few years, it trailed the 25 seen in both June and July. Year-to-date…

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