Building on strong momentum from a robust market during 2018, merger and acquisition (M&A) activity in the Value-Added Distribution industry has shown no signs of slowing down during early 2019. Supported by a strong pipeline of deals that were in process during late-2018, there have been numerous significant announced or closed transactions during Q1 of 2019. Most notably, Sonepar USA, a subsidiary of Sonepar Group, has agreed to acquire North Coast Electric, the 17th largest electrical distributor with 2017 revenues of $510 million, according to the Modern Distribution Magazine. The acquisition adds 34 branches to the Sonepar USA network in Washington, Oregon, Idaho, Alaska and Arizona. Also in January, in what has been close to a one-year process, Staples and Essendant completed an agreement where an affiliate of Staples will acquire the outstanding shares of Essendant common stock in a deal valued at $996 million. Internationally, Rubix, the largest European distributor of bearings, power transmission and automation, fluid power, machining, assemble, tools, and protective equipment, announced plans to acquire German distributor Schafer Tecnik Group.