Mergers & Acquisitions

October M&A Roundup: Robust Activity for Busiest Month of 2025 By Far

Building Materials/Construction again led dealmaking categories in a month that reflected improved confidence in the industry’s M&A investments.

November 3, 2025

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While the U.S. government shutdown made October eerily quiet on the economic news front, M&A headlines were aplenty. MDM tracked a robust 34 new distributor M&A transactions during October — either pending or completed — that involved companies primarily in the building materials, industrial or commercial hardgoods sectors. This count was the highest of 2025 by far, and the most since August 2024 (35). It pulled our 2025 monthly M&A average count to 23.7, which is still considerably behind 2024’s 29.3/month total, but closer to the industry’s longer-run average.

MDM’s 3Q25 M&A Report…

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