It’s the distribution group’s first acquisition since it was formed by Trive Capital at the end of 2023.
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By the number of deals tracked, it was another average month and a deceleration from a frenzy of M&A news in December & January.
The company also is acquiring a 13-branch distributor in France.
Two automotive parts makers have merged to diversify the customer base for their precision machined parts and flow- and cold-formed products.
Originally announced this past July, the deal was valued at $960 million.
The deal was originally announced on September 14, 2023.
A potential transaction would likely be a merger of Bentley with Schneider's software business and be valued at over $15 billion.
PTE Drives is a family-owned power transmission & bearings products distributor with a single location.
It comes just a week after the construction supplies distributor announced an acquisition in Oklahoma.
Adding five branches across Nebraska, Iowa and North Dakota, it's the fourth acquisition Beacon has announced in 2024.
The addition of Texas-based wire and cable maker Encore Wire will enhance Prysmian's North American presence and product portfolio.
Snap One - a manufacturer and distributor of of smart-living products and services - will be integrated into Resideo's ADI Global Distribution unit.
It boosts the MROP supplies distributor’s Midwest footprint as its sixth acquisition in five years.
It’s already the seventh deal that the JanSan, foodservide disposables and industrial packaging supplies distributor has announced in 2024.
So far in 2024, Meritus Gas Partners acquired two independent industrial gas and welding supply distributors and partnered with two others.
Shearer Supply gains a deeper foothold in key HVAC markets across the Southeast with the addition of HVAC distributor CCP.
The addition of Oklahoma-based rebar distributor and fabricator will expand White Cap's rebar and structural steel product capabilities.
TFC, an AFC Industries company, acquired the UK-based rubber seal supplier Supaseal to add O-ring and seal capacity.
Adding American Alloy Steel and MidWest Materials nets Reliance nearly $400 million in annual revenues.
It expands OTC's footprint to more than 65 locations and 1,600 employees.
