Following closely on the heels of two other major MRO deals Cromwell acquired by Grainger (USA) and Hayley Group investment by Descours & Cabaud Brammer now looks set to change hands. However, it is telling the acquirer is a PE vehicle rather than an overseas strategic player, as in the case of the former deals. The Brammer board have recognised the questions this begs and, as shown below, addressed them head on. Whether these factors mean the appearance of an alternative offer is unlikely remains to be seen. If not, and the deal completes, I would suggest there are a number of buy & build deals to follow. Owners of mid-sized industrial products distributors should make sure they are ready to make the most of this industry consolidation.