June 2022 M&A Roundup: Rare Deal by MSC Industrial Makes Splash - Modern Distribution Management

June 2022 M&A Roundup: Rare Deal by MSC Industrial Makes Splash

Bolt-on acquisitions have been infrequent for the metalworking and MRO supplies distributor, which acquired Engman-Taylor in early June. Read more about the past month’s M&A activity.
Businesss collaborations concept. Vector of businesspeople reaching an agreement after successful negotiations

When MSC Industrial Supply announced in early June it had acquired Engman-Taylor — a highly-regarded metalworking tools and supplies distributor based near Milwaukee, Wisconsin — it marked just the third time since 2018 that MSC had dipped its toe into the M&A realm.

The announcement came one year after MSC added Wm. F. Hurst Co., and in 2018 the company added Franksville, Wisconsin-based distributor All Integrated Solutions.

The Engman-Taylor deal will likely have a neutral impact on 2022 but will be slightly accretive to MSC’s fiscal 2023 earnings. (MSC on June 29 reported fiscal 2022 third-quarter net sales of $958.6 million for the three-month period ended May 28, a year-over-year increase of 10.7%.)

In all, MDM reported more than two-dozen distributor and manufacturer M&A deals in June. Here’s a rundown of all the deals we covered this past month:

June M&A

Here are the M&A announcements — primarily involving distributors but also manufacturers that sell through the channel — MDM covered during June (click the headline for more details):

Did we miss anything? Please send M&A announcements to editor@mdm.com. We also welcome suggestions for “Behind the Deal,” our occasional series that takes a deep dive into market-shifting moves in wholesale distribution.

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