Cleveland-based JIS Distribution LLC. announced it has acquired the principal assets of Erie Tool & Supply Co. Erie Tool & Supply Co., which is headquartered in Toledo, Ohio. Erie Tool & Supply has served northwest Ohio and southeastern Michigan industrial customers for over 85 years. Financial terms of the deal weren’t available. Erie Tool & […]
Category: Mergers & Acquisitions
HVAC Vendor Bluon Acquires XREF Publishing
HVAC vendor Bluon announced Thursday that it has acquired XREF Publishing Company, which is a provider of replacement part and cross reference part information that’s used by HVAC distributors in the U.S. Financial terms of the transaction weren’t available. XREF is a brand-agnostic, cross reference engine for distributors. It enables them to identify what replacement […]
Core & Main to Acquire CES Industrial Piping
Core & Main Inc. (NYSE: CNM), a St. Louis-based distributor of water, sewer and fire protection products, announced Wednesday that it has agreed to acquire CES Industrial Piping Supply, a Kansas City-based, full-service provider of HDPE (high-density polyethylene) products and services. Financial terms were not disclosed. “A full-service provider like CES Industrial Piping aligns with […]
Core & Main to Acquire CES Industrial Piping
Core & Main Inc. (NYSE: CNM), a St. Louis-based distributor of water, sewer and fire protection products, announced Wednesday that it has agreed to acquire CES Industrial Piping Supply, a Kansas City-based, full-service provider of HDPE (high-density polyethylene) products and services. Financial terms were not disclosed. “A full-service provider like CES Industrial Piping aligns with […]
Buckeye Industrial Supply Acquires Ray Industrial
Columbus, Ohio-based Buckeye Industrial Supply Co. (BIS), has acquired Ray Industrial Products, Inc. (RIPI), which is a distributor based in Van Wert, Ohio. Financial terms of the deal weren’t available. Buckeye Industrial Supply will keep the RIPI name at the Van Wert location and Gary Rager will continue to serve as the branch customer service […]
FleetPride Buys Chattanooga-based Truck Service Company
FleetPride, Inc., Irving, Texas, has struck a deal to buy the assets of Truck Service Company, Inc. Financial terms of the acquisition weren’t disclosed. Chattanooga, Tennessee-based Truck Service Company, which was founded in 1989, provides repair and service work for drivers and fleets across southern Tennessee and northern Georgia. Truck Service Company was founded by Jerry […]
Bunzl Acquires U.S.-Based Safety Distributor
Bunzl PLC on Tuesday announced it has acquired McCue Corp., a Boston-based safety business and a medical supplies distributor with operations in Australia and Singapore. Financial terms of the deal, which closed in “early September,” weren’t disclosed. The addition of McCue “provides Bunzl with a strong position in this fast-growing market segment,” the company said. […]
AGCO Buys Faromatics to Bring ‘ChickenBoy’ Under its Roof
Farm equipment manufacturer and distributor AGCO (NYSE: AGCO, based in Duluth, Georgia, has bought Farm Robotics and Automation S.L (Faromatics), which is a “smart” livestock farming company. Terms of Monday’s deal weren’t disclosed. Faromatics, which was founded in 2016, is the creator of ChickenBoy, which is a ceiling-suspended robot that monitors broiler chickens and helps […]
Builders FirstSource Acquires Apollo Software Assets
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired Apollo software assets from construction technology startup Katerra for $4.5 million. According to BLDR, the Apollo platform “provides design collaboration and workflow, construction budgeting and scheduling, and field task assignment with mobile functionality. The acquisition aligns with Builders FirstSource’s digital strategy to address […]
Envoy Solutions to Acquire Penn Jersey Paper
Envoy Solutions — the Glenview, Illinois-based holding company that owns and operates North American, WAXIE Sanitary Supply, SWPlus, Southeastern Paper Group and Daycon Products Co. — on Wednesday announced it has agreed to acquired Penn Jersey Paper Co., Philadelphia. Financial terms of the deal weren’t disclosed. PJP is a nearly 60- year-old company with a […]
Advent International Strikes a $1 Billion Deal to Sell Distribution International
Private equity firm Advent International announced on Wednesday that it has entered into an agreement to sell Distribution International Inc. (DI) to TopBuild Corp. (NYSE:BLD) in an all-cash transaction valued at $1 billion. TopBuild, an installer and distributor of insulation and building material products to the U.S. construction industry, expects to fund the acquisition using […]
Martin Inc. Acquires Capital Bolt & Screw
Martin Fastening Solutions, a subsidiary of Florence, Alabama-based Martin Inc., on Tuesday announced the acquisition of Capital Bolt & Screw (CB&S), Jackson, Mississippi. Financial terms of the deal weren’t disclosed. Founded in 1963, CB&S is a privately held distributor of fasteners. Jerry Gibson, president of CB&S, purchased the company in 1981 and has grown it […]
Martin Inc. Acquires Capital Bolt & Screw
Martin Fastening Solutions, a subsidiary of Florence, Alabama-based Martin Inc., on Tuesday announced the acquisition of Capital Bolt & Screw (CB&S), Jackson, Mississippi. Financial terms of the deal weren’t disclosed. Founded in 1963, CB&S is a privately held distributor of fasteners. Jerry Gibson, president of CB&S, purchased the company in 1981 and has grown it […]
Sonepar USA Closes Acquisition of Springfield Electric Supply Co.
Sonepar USA Holdings Inc., a Charleston, South Carolina-based subsidiary of the privately held Sonepar Group, on Tuesday announced it closed its acquisition of Springfield Electric Supply Co., Springfield, Illinois, on Aug. 31. Financial terms of the deal, first announced July 22, weren’t disclosed. A family-owned business headquartered in Springfield, Illinois, since 1912, Springfield Electric adds […]
White Cap Expands into Northeast Region with Deal to Buy Tri-Supply
Atlanta-based White Cap Supply Holdings expanded its footprint in the Northeast Region of the U.S. by striking a deal to buy Tri-Supply & Equipment. Based in New Castle, Del. with two other locations in Salisbury, Md. and Dover, Del., Tri-Supply & Equipment will join White Cap in the Northeast Region to serve local customers. Financial […]
Winsupply Acquires Clausen Supply
Winsupply Inc., Dayton, Ohio, on Thursday announced it has completed the acquisition of Clausen Supply of Iowa Inc., Clinton, Iowa. Financial terms of the deal weren’t disclosed. Clausen Supply is an HVAC distributor that serves the eastern Iowa region. The company’s previous owner, Jon Clausen, will exit the company immediately after close. The HVAC distribution […]
US LBM Acquires Northern Building Supply
Building materials distributor US LBM, Buffalo Grove, Illinois, on Thursday announced it has acquired Northern Building Supply, a full-service building products distributor and retailer with two locations in northern Michigan. Financial terms of the deal weren’t disclosed. Founded in 1904, Northern Building Supply offers lumber and a wide range of specialty building products, including windows, […]
August M&A Roundup: Consolidation Maintains Healthy Pace
The threat of an increase in the capital gains tax, coupled with accepting the new business cycle on what everyone hopes is the tail end of COVID-19, has pulled forward acquisition deals, and last month was another healthy one for M&A volume. MDM reported 25 transactions in August as companies of all sizes, verticals and […]
August M&A Roundup: Consolidation Maintains Healthy Pace
The threat of an increase in the capital gains tax, coupled with accepting the new business cycle on what everyone hopes is the tail end of COVID-19, has pulled forward acquisition deals, and last month was another healthy one for M&A volume. MDM reported 25 transactions in August as companies of all sizes, verticals and […]
Builders FirstSource Acquires California TrusFrame for $179.5M
Builders FirstSource Inc. (Nasdaq: BLDR), Dallas, on Thursday announced it has acquired California TrusFrame LLC (CTF), a California-based producer of value-added building products, for $179.5 million. Established in 1982, CTF is led by President and CEO Shawn Overholtzer, who will be joining Builders FirstSource along with the rest of its employees upon closing, and operates […]
