Mergers & Acquisitions

April M&A Roundup: Another Sluggish Month Illustrates PE’s Hesitation

April tied March for the weakest month of distributor M&A activity that we’ve tracked since September 2023. Get a full recap of April's distributor dealmaking here, including our year-to-date breakdown of deals by product category.

April 30, 2025

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Merger and acquisition activity in wholesale distribution tends to follow the ebb-and-flow of the U.S. economy, and with uncertainty being the word of the day so far in 2025, it’s no surprise that dealmaking volume has likewise retracted. 

MDM reported on 20 different transactions during April — either pending or completed — involving at least one distributor predominantly in building supply, industrial or commercial hardgood sectors. That figure matched March as having the lowest monthly volume since September 2023 (also 18). It trailed the 24 of April 2024, and was well off the pace of 28.8…

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