National Association of Wholesaler-Distributors Acquires Modern Distribution Management

Modern Wealth Management Acquires AWA Wealth Management

September 25, 2026

Financial Services

Modern Wealth Management has acquired AWA Wealth Management, a registered investment advisory firm based in Auburn, California, managing approximately $290 million in client assets. The deal expands Modern Wealth’s presence in Northern California and provides AWA with additional resources for estate/trust planning, tax capabilities, retirement planning expertise, and advisor succession and development.

Broadwater Capital Acquires Drilling Mud Direct

May 6, 2026

Industrial Services

Broadwater Capital acquired Drilling Mud Direct (DMD), a Denver-based national provider of drilling fluid products, additives, equipment parts, consumables, and related consulting/engineering services. Eight Quarter Advisors acted as sell-side transaction advisor and the deal is intended to expand DMD’s distribution reach, customer support, stock point network, and technology for infrastructure demand in data centers and natural gas.

CarePartners Pharmacy Acquires National Drug Wholesale (NDW)

November 17, 2025

Pharmaceuticals

CarePartners Pharmacy, a national specialty infusion pharmacy based in Libertyville, Illinois, has acquired National Drug Wholesale (NDW), a Santa Clara, California–based pharmaceutical wholesaler and distributor. The deal expands CarePartners’ specialty distribution capabilities, strengthens its biosimilar supply chain and licensing footprint, and supports its payer- and manufacturer-focused cost-containment programs.

RKD Group Acquires Milwaukee Direct Marketing (MDM Fundraising)

April 30, 2024

Marketing & Advertising

RKD Group has acquired Milwaukee Direct Marketing, Inc., dba MDM Fundraising, a Brookfield, Wisconsin-based Christian fundraising and direct-response marketing agency. The acquisition, which closed April 30, 2024, expands RKD's faith-based fundraising capabilities and positions the combined organization as a leading fundraising solution provider for missions across North America.

National Convenience Distributors Acquires Colonial Wholesale Distributing, Inc.

July 12, 2023

Logistics & Distribution

National Convenience Distributors (NCD) has acquired Colonial Wholesale Distributing, Inc., a Tampa-based full-line wholesale distributor serving convenience and grocery stores in the Southeast. Colonial will join NCD as a newly created division, expanding NCD's geographic reach along the U.S. East Coast; financial terms were not disclosed.

Warren Equity Partners Acquires Majority Interest in M&D Distributors

January 8, 2019

Industrial Services

Warren Equity Partners acquired a majority interest in Magneto & Diesel Injector Service, Inc. (“M&D Distributors”) from the Ingram family, who rolled a portion of their equity and will remain involved on the board. M&D, based in Humble, Texas, is an aftermarket distributor and rebuilder of diesel engine parts serving commercial trucking and industrial equipment markets; Warren Equity will support the company’s next phase of growth. Financial terms were not disclosed.