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
Mike Hockett analyzes different angles of this $18.25 billion megadeal in building materials distribution and the questions it raises for the markets it touches.
Alongside the blockbuster Home Depot-SRS Distribution deal, March included a handful of transactions valued at over $100 million.
Building product distributor SRS Distribution will operate as an independent business unit within The Home Depot and focus on Pro customers.
In Dominion, Border States gains an electrical distributor that has nine branches, over 300 employees and $374 million in annual revenue.
The significant expansion gains Sonepar 36 locations across Michigan and approximately $400 million in combined 2023 revenue.
Building Products distributor Cameron Ashley has added 28 greenfield locations and five acquisitions in the past 5 years.
The private equity firm will add a 144-year-old manufacturer of precision tools, cutting tools and metrology systems to its portfolio.
WALTER said the addition helps its customers be more productive and confidently approach robotics and automation for their material removal process.
It marks the OEM fasteners distributor’s 12th acquisition since 2018 and the fifth since 2022.
Though it trailed the volume of January and December, the month included several distribution transactions valued at $100 million or more.
With the addition of Carlstar, Titan diversifies its wheel and tire portfolio and expands its manufacturing and distribution footprint.
Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
