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Mergers & Acquisitions

May M&A Roundup: Slight Rebound, But Still Behind 2024 Pace

Distributor M&A momentum picked up in May, with notable moves across HVACR, Electrical and Gases & Welding sectors. Get a full recap of May’s distributor M&A activity, including a year-to-date breakdown by product category.

May 29, 2025

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MDM tracked 21 distributor transactions in May — either pending or completed — involving companies primarily in the building supply, industrial or commercial hardgoods sectors. This marked an increase from April’s total of 18 — the lowest monthly deal volume since September 2023. However, May’s activity still lagged behind the 40 deals recorded in May 2024 and fell short of the 2024 monthly average of 28.8 transactions. Year-to-date through May, MDM tracked 101 distributor M&A transactions in 2025, with that pace of 20.2 per month considerably behind 2024’s.

Coming Aug. 13: MDM’s 2025…

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