Joe Wagner Interviewed for Article in tED Magazine
Joe Wagner, Managing Director at PMCF was recently interviewed for an article in tED Magazine:
In April, Sonepar USA named Kris Prebola as its new vice president of mergers and acquisitions, with company President Rob Taylor publicly announcing that Prebola’s “…unique experience across the business makes him well suited to lead this area for our organization.” Sonepar USA wouldn’t comment further on its mergers and acquisition (M&A) strategy but, judging by this recent move, one can safely assume that there are probably some new acquisitions in the multi-state electrical distributor’s future.
Sonepar’s latest move on the M&A front doesn’t surprise Joe Wagner, managing director at P&M Corporate Finance (PMCF), which tracks industrial distribution M&A activity on a quarterly basis in its Industrial Distributor M&A Pulse reports. “We’re continuing to see quite a bit of M&A activity right now, both from strategic buyers as well as financial buyers,” says Wagner.
Within the electrical distribution segment, for example, he says that 2019 is on pace to be better than 2018. “Through the middle of May, 2019 transaction volume is up 25% versus the same period last year,” he explains. “Last year was a down year for the industry in terms of number of deals, despite many headliner transactions still crossing the finish line in 2018.”
Continue reading the article at the tED Magazine website.