E-commerce marketing · Industry brief

Nexxus Capital completed an all-cash acquisition of five e-commerce brands from a major Amazon aggregator in October 2025, with the brands generating over $18 million in combined annual revenue. The transaction was backed by repeat and new investors through Nexxus Capital Fund I Series 4, reflecting continued M&A activity in the e-commerce aggregator space as companies consolidate third-party marketplace sellers and focus on disciplined cash-flow management and profitability operations across Amazon and other online marketplaces.

Home Depot-owned SRS Distribution has agreed to acquire Lohmiller & Company, a Denver-based HVAC distributor, marking the second addition to SRS's HVAC platform following its recent acquisition of Mingledorff's. This move is part of broader consolidation in HVAC distribution, driven by the appeal of recurring service revenue and customer stability compared to volatile new construction markets. Analysts note that such acquisitions provide acquirers with purchasing power leverage, control over product distribution, and access to proprietary customer data that becomes increasingly valuable for AI-driven insights. The deal reflects Home Depot's strategic shift toward serving professional contractors through SRS, leveraging a model that combines distribution relationships and product availability—distinct from traditional big-box retail but complementary to it. Buyers remain disciplined in the distribution and specialty trades sector, though good companies remain scarce, confirming strong seller demand in the lower-middle market.

Mexico's mergers and acquisitions market grew 17% in the first half of 2026 to US$11.578 billion, with notable activity in financial services and credit infrastructure. Equifax acquired Mexican credit bureau Círculo de Crédito for US$825 million, marking the company's 17th bolt-on acquisition in six years and expanding its presence in a market where over 25% of the population lacks access to formal financial products. The transaction reflects sustained investor interest in Mexico's credit digitization and financial services sector despite macroeconomic uncertainty, with Círculo de Crédito serving 1,700 clients and managing 2 billion tradelines covering 80 million identities.