When industrial supply merger & acquisition activity picked up in May following a paltry April, it seemed the sector was poised to return to near its pre-pandemic level. But the past two months have shown that not to be the case, as ID tracked 10 such deal announcements in June and only eight in July. That's still considerably better than April, but the lasting pandemic continues to curtail distributor and supplier capital spending and likely is postponing many planned deals. It appears this will continue for several months yet.
Below, see what we covered in July, in chronological order of their ID publication:
- Meridian Adhesives Acquires E-Chem - announced July 2
- American Producers Supply Acquires Northwest Tool Supply - announced June 29
- Core & Main to Acquire New Jersey's Water Works Supply Co. - announced July 14
- PVF Distributor Mattsco Supply Acquires Tool Center Inc., Rebrands - announced July 14
- B2B Industrial Packaging Acquires All Packaging Company in Kansas City - announced July 14
- Apex Merging With Fellow Manufacturer Rep Agency Avision - announced July 17
- LINC Systems Expands Further, Acquires Active Sales Co. - announced July 23
- GME Supply Acquires Custom Tool Supply of Denver - Announced July 30
Many publicly-traded industrial distributors and suppliers stated their intention to substantially decrease capital expenditures and M&A activity as a means of cost-savings during ongoing impacts from COVID-19, so it's likely that the rate of M&A activity in this sector will remain considerably lower than usual through the rest of the year.
Despite our best efforts, there’s always deals announced that either wasn’t on our radar, or that weren’t made public. But, this list should provide a good idea of most M&A activity applicable to the industrial supply market.
If your company has M&A news to share, contact ID editor Mike Hockett at [email protected].