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
New investment bank analyst commentary suggests QXO will have to increase its current bid for Beacon to fend off alternative suitors, but others say additional offers are unlikely.
Jacksonville, FL-based Miller Electric is a provider of electrical services expected to generate approximately $805 million in 2024 revenue.
The letter shares full details of QXO’s offer and claims Beacon has intentionally taken actions to “frustrate a transaction.” Beacon responds.
President Biden cited national security concerns and the need for domestic steel production, sparking criticism from both companies.
We break down 2024’s dealmaking activity by volume vs. 2023, what the most impactful transactions were, which distributors were frequent headliners and what to expect in 2025.
Dealmaking slowed in December compared to the previous two months, though year-to-date activity remained strong to outpace 2023.
The month also included a trio of deals for both Imperial Dade and White Cap, among several other MDM Top Distributors.
Overall, the deal effectively doubles the size of Do it Best’s membership.
PIP is set to expand its global footprint with the acquisition, adding 20 manufacturing sites and 17 distribution centers worldwide.
With 2024 shaping up to be another big year in distribution M&A, we spoke with several investment banks on the state of industry dealmaking, what’s driving it, best practices and the outlook for 2025.
The companies said the merger will create a global leader in consumer packaging, enhancing innovation and sustainability.
The company agreed to acquire ADSG for $1.1 billion and acquired a majority stake in GIA for $2.8 billion.
