October M&A Roundup: DSG, ORS Lead Relatively Quiet Month
Get our rundown of every deal we published during October, along with our updated monthly deal count and breakdown of year-to-date transactions by product category.
November 2, 2026
Dealmaking slowed at the start of the year compared to previous months and was down from January 2024’s 29 transactions.
QXO calls the agreement “shareholder-unfriendly” and a “poison pill”.
Along with its time-sensitive proposal, the building materials distribution platform went into great detail giving a rundown of talks with Beacon since they started this past summer.
Beacon acknowledged the tender offer and recommended that shareholders take no action at this time.
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.
