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Mergers & Acquisitions

February M&A Roundup: QXO, Hajoca Lead Robust Month

This year has started with two strong months of dealmaking, with February tying for the most deals we’ve counted since the start of 2024. Get our breakdown of deals tracked per month over the past 2 years, deals by product category through two months of 2026 and a full rundown of every transaction we published news about during February.

March 3, 2026

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Applied M&A blog

Despite lasting uncertainty about tariffs’ legality and impacts, distributor dealmaking activity is alive and well in early 2026. Having finished 2025 with momentum, industry merger & acquisition volume was robust during February, with the number of deals MDM published news about matching the most we’ve seen in the past 26 months. We published news about 35 transactions during February — either pending or completed — involving at least one North American-based distributor of industrial, commercial and building supply product categories. That topped the 29 of January and tied October 2025 and…

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