March 2017 M&A Roundup: Market Leaders Acquire Growth - Modern Distribution Management

March 2017 M&A Roundup: Market Leaders Acquire Growth

Applied Industrial, Fastenal, Beacon Roofing add to portfolios during month.
Eric-Smith-84x84

Three of the largest distributors in their spaces acquired growth during March, with Applied Industrial Technologies, Fastenal Co. and Beacon Roofing Supply Inc. all adding to their portfolios.

Fastenal ­– No. 6 on MDM's 2016 Market Leaders list for industrial distributors and also one of the top fasteners distributors – agreed to acquire industrial and fastener distributor Manufacturer's Supply Co., Hudsonville, MI.

Mansco, which reported sales of $50 million in 2016, specializes in commercial furniture OEM fasteners, an area of future growth for Fastenal.

Applied Industrial – No. 11 on MDM's 2016 Market Leaders list for industrial distributors – acquired Sentinel Fluid Controls, Toledo, OH, a distributor of hydraulic and lubrication components, systems and solutions.

And Beacon Roofing – No. 4 on MDM's 2016 Market Leaders list for building materials & construction distributors – acquired Acme Building Materials Inc., Flint, MI, a distributor of residential roofing and related building products with three branches in Eastern Michigan.

(Want to be a part of the 2017 Market Leaders? Nominations are now open!)

Another acquisitive company, master distributor Bunzl plc, agreed to acquire Diversified Distribution Systems LLC, Minneapolis, MN, a supply chain solutions company that operates principally throughout North America but also in Europe, the Middle East and Asia.

Here are other key deals that occurred in March 2017:

Kaman Increases Stake in India Joint Venture with Kineco

Ritter Technology Acquires Primet Fluid Power, Tri-State Hose & Fitting

Ferrellgas Acquires Valley Center Propane

SiteOne Landscape Supply Acquires American Builders Supply

Barnes Group Agrees to Acquire Gammaflux

UFPI Affiliate Acquires Quality Hardwood Sales

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