Merger and acquisition (M&A) activity in the Maintenance, Repair & Operations (MRO) industry remains healthy through year-to-date 2018.  Public companies have accounted for some of the most significant transactions over the course of the past two years, including Applied Technologies’ acquisition of FCX in January 2018 ($784.0 million) and Sentinel Fluid in March 2017 (undisclosed), Stanley Black and Decker’s acquisition of Nelson Fastener in April 2018 (~$400.0 million), and MSC Industrial Direct’s acquisition of All Integrated Solutions in May 2018 ($86.0 million).