SBP Holdings — a provider of inspection and testing services, repairs and specialized rental activities — completed its sale of Houston-based Bishop Lifting Products, Inc., a group of value-added distributors of lifting products and specialty rental equipment. Bishop Lifting Products was sold to Altamont Capital Partners. Financial details were not disclosed. The transaction includes the […]
Category: mergers and acquisitions
Gustave A. Larson Acquires Progress Supply
The Gustave A. Larson Company, a Wisconsin-based distributor of heating, ventilation, air conditioning and refrigeration products, acquired Progress Supply, Inc. Financial details were not disclosed. Larson announced earlier this month it had closed the purchase in December. Progress Supply is a multi-location HVAC and refrigeration distribution company in central and southwestern Ohio, southeast Indiana and […]
January 2022 M&A Roundup: One Billion-Dollar Deal Finalized as Another Takes Off
January was a relatively light month for mergers and acquisitions in the distribution industry, but two billion-dollar deals stood out among the month’s highlights. Owens & Minor Inc. — a product manufacturing, distribution support and innovative technology services company — agreed to acquire integrated home health care equipment provider Apria for $37.50 in cash per […]
A&M Industrial Acquires Connecticut Company
A&M Industrial Inc. of Rahway, New Jersey, has acquired acquired State Industrial Supply Company, an industrial distributor based in Seymour, Connecticut. Financial details of the deal were not disclosed. State Industrial Supply provides state-of-the-art and custom tooling. Its existing location in Seymour will continue to serve the southern New England region, A&M said. “State Industrial […]
Sonepar Acquires Belgian Company
Belgium-based electrical distributor and Sonepar Group member Cebeo has acquired Electro Meers, a distributor of electro-technical material also based in Belgium. Financial terms were not announced. The deal is expected to take effect April 1. Electro Meers accounts for an annual turnover of approximately €5 million (USD $5.658 million). The four associates of Electro Meers […]
Stellar Industrial Supply Acquires JLM
MRO distributor Stellar Industrial Supply, Tacoma, Washington, has acquired JLM Industrial Supply, a Sparks, Nevada-based industrial distribution and integrated supply firm. Financial terms of the deal were not disclosed. Stellar says the acquisition will help it secure an immediate and strong market presence in the northern Nevada region. The acquisition is scheduled to close March […]
BlackHawk Industrial Acquires Pinnacle
Tulsa, Oklahoma-based BlackHawk Industrial — a distributor of metalworking, industrial, MRO and packaging supplies — acquired Pinnacle Tool & Supply, a value-added distributor in the cutting tool and abrasive space from Toledo, Ohio. Financial details were not disclosed. BlackHawk said the acquisition significantly increases its operational footprint in the Ohio region and enhances the company’s […]
NEFCO Finalizes Russell Supply Acquisition
Hartford, Connecticut-based construction supply company NEFCO completed its acquisition of Russell Supply, a contractor supply company that serves Vermont, New York, and New Hampshire. Financial terms of the deal were not disclosed. The deal is expected to further expand NEFCO’s New England presence and provide local supply capabilities for current and future Vermont customers, NEFCO […]
Owens & Minor to Acquire Apria for $1.45B
Richmond, Virginia-based Owens & Minor Inc. (NYSE: OMI), has agreed to acquire Apria for $37.50 in cash per share of common stock, an equity value of approximately $1.45 billion, Owens & Minor announced. Owens & Minor incorporates product manufacturing, distribution support and innovative technology services. Apria is a provider of integrated home health care equipment […]
Motion & Control Acquires RSA
Motion & Control Enterprises reached four acquisitions by the end of 2021 after it acquired RSA, Inc. and Global Controls, Inc., collectively known as RSA. RSA is a distributor of robotics, motion control, vision systems, PLC/HMI and safety products. Global Controls is a systems integrator that supports automation and motion control projects. The company has […]
JGB Enterprises Acquires All-Serv
Liverpool, New York-based JGB Enterprises, Inc. — a company backed by HCI Equity Partners — acquired All-Serv Industrial, LLC at the end of December. Financial terms were not disclosed. JGB is a supply chain management and logistics services distributor of industrial hose, fluid power products, and hose assembly solutions throughout a “diverse set of end […]
AZEK Acquires StruXure Outdoor
Chicago-based AZEK Company Inc., a manufacturer of low-maintenance and environmentally sustainable outdoor living products, acquired Georgia-based StruXure Outdoor Inc., a designer and manufacturer of aluminum pergolas and cabanas. Financial terms were not announced. AZEK says the deal expands its position in the broader outdoor living category and complements its “already strong portfolio of products that […]
Imperial Dade Acquires Garrett Paper
Food service packaging and janitorial supply distributor Imperial Dade last month acquired Garrett Paper, a St. Louis-based distributor of foodservice and janitorial products. Financial terms were not disclosed. The deal is the 45th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, CEO and president of Imperial Dade, respectively. “Garrett Paper has […]
Builders FirstSource Acquires National Lumber
Dallas-based building materials distributor Builders FirstSource, Inc. (NYSE: BLDR) completed its acquisition of National Lumber, the largest independent building materials supplier in the New England region. Financial terms were not disclosed. National Lumber runs 19 facilities and employs more than 700 people across Massachusetts, Connecticut and Rhode Island, and has a “diverse mix of products […]
Rexel Finalizes Winkle Acquisition
Rexel USA, Inc. (RXL:PA), an international multichannel distributor, has finalized its acquisition of Winkle Electric Company, a Rockwell Automation distributor with branch locations in Youngstown, Ohio and Erie, Pennsylvania. Rexel says the deal will expand its presence as a leading authorized Rockwell Automation distributor and “strengthens its distribution network” in eastern Ohio, western Pennsylvania and […]
Singer Equities Acquires OB&E Rubber
Singer Equities, Inc., a wholly owned subsidiary of SBP Holdings, has acquired OB&E Rubber Company, headquartered in Jeffersonville, Indiana. Financial terms were not disclosed. OB&E Rubber provides heavy-duty conveyor belt accessories and field services, including installation and conveyor maintenance out of their Indiana location. OB&E serves multiple markets including power generation, aggregate, recycling and resell. […]
Motion Finalizes $1.3B Kaman Deal
Motion Industries, Inc. has completed its purchase of Kaman Distribution Group for approximately $1.3 billion in cash. The deal was finalized Monday. Genuine Parts Company last month agreed to acquire Kaman Distribution Group under GPC’s wholly owned subsidiary, subsidiary Motion Industries. The addition of KDG is expected to significantly boost Motion’s concentration in core industrial […]
Belt Power Acquires Accurate Industrial
Belt Power LLC, a Marietta, Georgia-based distributor and fabricator of lightweight conveyor system components, has completed its acquisition of Accurate Industrial Products, LLC. Financial terms were not disclosed. Accurate delivers lightweight belting products and services to customers across the country from locations in the St. Louis and Columbus, Ohio, markets. Accurate also services a wide […]
SupplyOne Acquires Romanow
Newtown Square, Pennsylvania-based SupplyOne, Inc. — an independent supplier of corrugated and other value-added packaging products, equipment, and services —acquired Romanow Container, a privately held manufacturer of corrugated products and protective packaging and distributor of industrial packaging supplies headquartered in Westwood, Massachusetts. “The acquisition of Romanow Container is SupplyOne’s first in New England and positions […]
Lawson Merging with TestEquity, Gexpro Services
MRO distributor Lawson Products, Inc. (NASDAQ: LAWS) and private investment firm LKCM Headwater Investments reached a merger agreement that will allow Lawson to combine TestEquity and Gexpro Services in an “all-stock transaction.” TestEquity and Gexpro Services are currently two of LKCM Headwater’s portfolio companies. The deal will allow Lawson to combine the two companies in […]
