Industry Insights
- M&A activity in the North American Specialty Distribution industry slowed in the TTM Jun-24 period, representing a year-on-year (YoY) decrease of 9% from activity in TTM Jun-23.
- Elevated interest rates, macroeconomic uncertainty and differing value expectations between buyers and sellers created challenges in the marketplace.
- Strategic buyers represented ~92% of acquisition activity in TTM Jun-24, in line with historical strategic buyer activity
- The M&A outlook remains positive due to the accumulation of dry powder, pressure on private equity funds to deploy capital and the fragmented nature of the specialty distribution sector.
- The consumer discretionary distribution sector represented the largest share of acquisition activity in 2023 at ~45%, down from nearly 50% of activity in 2022.
- The industrial distribution sector represented ~37% of acquisition activity in 2023, an increase from ~32% of activity in 2022.
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