September M&A Roundup: Rexel, Watsco, ORS Lead the Way
Get our rundown of every deal we published during September, along with our updated monthly deal count and breakdown of year-to-date transactions by product category.
October 1, 2026
Featured story
Get our rundown of every deal we published during September, along with our updated monthly deal count and breakdown of year-to-date transactions by product category.
October 1, 2026
Manufacturing
Article
International Paper announced a major restructuring, including the sale of its Global Cellulose Fibers business and closures of several U.S. packaging facilities, as part of its ongoing transformation strategy.
Mergers & Acquisitions
Article
Black Hills and NorthWestern Energy will merge in an all-stock deal to form a utility serving 2.1 million customers across eight states.
Building Materials/Construction
Article
It’s just the latest building materials distribution megadeal and essentially is Lowe’s answer to rival Home Depot buying SRS Distribution in 2024.
Mergers & Acquisitions
Article
With the deal set to close by the end of January, we discuss HD’s newest commentary about why it is buying wallboard distributor GMS for $4.3 billion just 14 months after acquiring SRS Distribution for...
Electrical
Article
Trexon’s portfolio of high-reliability interconnect and cable assemblies are complementary to Amphenol’s existing defense market offerings.
Pharmaceutical & Health Care
Article
Cardinal Health reported steady fourth-quarter results and a stronger profit outlook for 2026, while expanding its specialty care platform with the acquisition of Solaris Health.
The deal will combine the Nos. 2 and 3 companies on MDM’s 2025 Top Distributors List for JanSan, Packaging & Disposables.
Plumbing Products & PVF Distribution
Article
Ferguson’s fiscal 2025 netted nine acquisitions in all, with combined revenues of approximately $300 million.
HVACR
Article
It took a year to finalize, but the deal doubles the size of Bosch’s Home Comfort business, significantly expanding its presence in the U.S. and Asia.
Mergers & Acquisitions
Article
Distributor M&A activity held steady July for a solid but still below average month, highlighted by transactions in the Building Materials, Gases & Welding and Motion Control sectors. Get a full recap of July’s distributor...
Manufacturing
Article
With $4.2 billion in 2024 revenue, Chart makes and designs process technologies and equipment for handling gases and liquids. It previously had agreed to be acquired by Flowserve.
Manufacturing
Article
Honeywell reported a healthy increase in overall 2Q sales and provided updates on its planned breakup into three independent companies.

