business services monthly october 2016...services in california american pest management, inc....

4.3%

(5.6%)

0.0%

2.7%

7.2%

(8%)

(6%)

(4%)

(2%)

—

2%

4%

6%

8%

Facilities Industrial Distribution Logistics BPO

1-Ye

ar R

even

ue G

row

th

LTM Revenue Growth LTM Gross & EBITDA Margins

Enterprise Value / LTM EBITDAEnterprise Value / LTM Revenue

Target Acquiror Acquisition Synopsis

Faci

litie

s

•

•

•

Allied Universal, a leading physical security services provider in North America, acquired Apollo International, a provider of security and risk management servicesApollo provides security officers, concierge attendant services, investigations, risk management consulting and other security protection programs in 30 U.S. states and select international marketsAllied Unviersal is a portfolio company of Warburg Pincus

Indu

stri

al •

••

Quala, North America's leader in bulk transportation equipment cleaning services, acquired Pedricktown Tank Wash, a provider of cleaning services for non-food tankers and bulk transportation containers and Enviro-Tank Clean, an operator of waste treatment facilities in OhioQuala was acquired by Advent International, a global private equity firm, in August 2016

Dis

trib

utio

n •

••

MORSCO, a leading U.S. distributor of commercial and residential plumbing and HVAC supplies, acquired Fortiline Waterworks, one of the largest waterworks distributors in the United StatesMORSCO is a portfolio company of Advent International Fortiline was a portfolio company of CHS Capital, a Chicago-based private equity firm

Logi

stic

s •

••

Deutsche Post (XTRA:DPW), one of the world's largest mail and logistics groups, acquired UK Mail Group (LSE:UKM), a leading integrated mail and parcel operators in the U.K., for $315.5 million (13.5x EBITDA)Deutsche Post's acquisition price represents a premium of 43% over UK Mail's previous closing share price The deal bolsters Deutsche Post's logistics presence in one of Europe's largest e-commerce markets

BPO

•

••

Accenture (NYSE:ACN) acquired Kurt Salmon, a global strategy consulting firm focused on the retail industry, for $166.4 million (1.8x Revenue)Kurt Salmon employs more than 260 people and has offices in the U.S., Germany, U.K., Japan and ChinaThe transaction will expand Accenture's capabilities in delivering end-to-end strategy business consulting services to top retailers and private equity firms

Enviro-Tank Clean, Inc.

Tab - 1. Headline Transactions

Business Services Headline Transactions

20.9%

12.3%

28.3%

22.4%

32.3%

7.7% 5.8%

8.4%

16.4% 13.7%

0%

5%

10%

15%

20%

25%

30%

35%

—

5%

10%

15%

20%

25%

30%

35%

Facilities IndustrialDistributionLogistics BPO

LTM EBITD

A M

arginLTM

Gro

ss M

argi

n

0.9x

0.5x

1.1x 1.1x 1.2x

0.0

0.2x

0.4x

0.6x

0.8x

1.0x

1.2x

1.4x

1.6x


TEV

/ Rev

enue

12.1x

8.5x

11.6x

9.3x 10.9x

0.0

2.0x

4.0x

6.0x

8.0x

10.0x

12.0x

14.0x

16.0x


TEV

/ EBI

TDA

Business Services MonthlyOctober 2016

TM Capital’s Business Services Contacts

James S. Grien Managing Director

[email protected] 404-995-6235

Jarrad S. Zalkin Managing Director

[email protected] 617-259-2207

Facilities Services Transactions Industrial Services Transactions

Distribution Transactions Logistics Transactions

BPO TransactionsTarget Acquiror Target Description

Promontory Financial Group, LLC

International Business Machines Corporation

Provides strategy, risk managementand regulatory complianceconsulting services that focusprimarily on the financial services

Benefit Specialists Inc.

AssuredPartners, Inc. Provides employee benefitsbrokerage and consulting services

Regulatory DataCorp, Inc.

Vista Equity Partners Provides governance, risk andcompliance solutions to Fortune100 companies across a range ofindustries

4. Transactions (for PDF)

Target Acquiror Target Description

Sidewinder Supply Inc.

American Builders & Contractors Supply Co., Inc.

Distributes roofing and roofing-related products

Accommodation Mollen Inc.

Imperial Bag & Paper Co., LLC

Distributes cleaning and safetysupplies and equipment

Olympia Building Supplies, LLC

GMS Inc. Distributes building products,including wallboard, insulation andother specialty products, in SouthFlorida and export markets



Budget Signs LLC FASTSIGNS International, Inc.

Provides custom signage anddesign services in Virginia, WestVirginia and North Carolina

PumpMan, Inc. Soundcore Capital Partners, LLC

Offers pump system maintenance,repair and system installationservices in California

American Pest Management, Inc.

Anticimex AB Provides pest control services forresidential and commercialproperties and industries



Southern Petroleum Laboratories, Inc.

Industrial Growth Partners

Provides hydrocarbonmeasurement, analysis andreporting services for oil and gasproduction and transport

Weir Environmental, LLC

NV5 Global, Inc. Provides investigation and testingservices related to buildings andconstruction

City Elevator Company

KONE Oyj Provides elevator maintenance,modernization and installationservices



Aircraft Service International Group, Inc.

Menzies Aviation plc Provides commercial aviationservices to major airlines, airports,oil companies and other partnersworldwide

Farren International, LLC

EZE Trucking, LLC Provides transportation and riggingservices

Nolan Transportation Group, Inc.

Ridgemont Equity Partners

Offers freight brokerage andlogistics services


EBITDA Multiples Over Time

12.1x

8.5x

11.6x

9.3x

10.9x

5.0x6.0x7.0x8.0x9.0x

10.0x11.0x12.0x13.0x14.0x

Q2 '13 Q3 '13 Q4 '13 Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16 Q2 '16 Q3 '16

TEV

/ EBI

TDA

Facilities

Industrial

Distribution

Logistics

BPO

www.tmcapital.com/business-services

New York641 Lexington Avenue30th FloorNew York, NY 10022Tel: 212.809.1360

Boston201 Washington Street32nd FloorBoston, MA 02108Tel: 617.259.2200

Atlanta3575 Piedmont Road NESuite 1010Atlanta, GA 30305 Tel: 404.995.6230

business services monthly october 2016...services in california american pest management, inc....

Documents