During the month, MDM reported on 43 mergers and acquisitions among distributors and manufacturers, the second most in any month this year.
It gains Offen a strong foothold to continue growing in the Texas and surrounding markets.
Four manufacturing companies will merge to create a single-source provider of full-service manufacturing and fabrication solutions.
A recent report from Bloomberg stated that the minority stake of US LBM is valued at approximately $7 billion.
The $8.2B deal increases Emerson’s end market exposure in discrete markets, which will be Emerson’s second largest industry segment.
Sonepar plans to align the electrical contractor business of ESI with World Electric, while ESI’s utility segment will align with Irby Utilities.
Singer Industrial has joined forces with California’s Capital Rubber & Gasket Co. and Minnesota’s TS Products, Inc.
The unpredictable pace of M&A activity among industrial distributors and manufacturers dipped again in September to 24 reported deals.
The company added $780 million in combined revenue from acquisitions during its fiscal 2023, which ended July 31. Find a recap of the distribution giant’s financials.
Gateway has annual sales of approximately $180 million and serves approximately 4,000 customers from 15 locations.
The addition will increase Singer Industrial’s North America footprint to approximately 90 locations with more than 1,200 employees.
The company again marks its centennial celebration by acquiring two providers of bearings, power transmission and industrial motion products.
