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Page 4: Specialty Distribution Report Q4 2016 · 6/8/2016 ConAgra Foods, Inc. JM Swank Business 5/31/2016 Electro Rent Corporation 3/27/2015 PrimeSource Building Products, Inc. The Sterling

Financial6%

Strategic94%

6

26

58

28

6 10

5

10

15

20

25

30

Automotive BuildingProducts

ElectronicComponents

Food &Beverage

Industrial Medical Wire & Cable

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA12/21/2016 H-E Parts International LLC Hitachi Construction Machinery Co., Ltd. Industrial $240.00 2.18x -

11/30/2016 Comfort Medical, LLC Coloplast A/S Medical 160.00 - -

11/30/2016 Carrier Enterprise Northeast LLC Watsco, Inc. Industrial 430.00 - -

11/10/2016 Trumbull Vinyl Products, Inc. American Builders & Contractors Supply

Co., Inc.

Building Products - - -

10/20/2016 U.S. Floors, Inc. Shaw Industries, Inc. Building Products 126.44 - -

10/18/2016 Horizon Scientific Inc Standex International Corp. Medical 31.00 1.11x -

10/12/2016 Transamerican Auto Parts Co. LLC Polaris Industries Inc. Automotive 665.00 0.90x -

10/9/2016 King Maker Marketing, Inc. Premier Manufacturing, Inc. Food & Beverage 24.00 0.73x -

10/4/2016 United Building Materials, Inc. GMS, Inc. Building Products - - -

10/3/2016 Vertex Corporate Holdings, Inc. HWC Wire & Cable Co. Industrial 32.30 - -

Page 5: Specialty Distribution Report Q4 2016 · 6/8/2016 ConAgra Foods, Inc. JM Swank Business 5/31/2016 Electro Rent Corporation 3/27/2015 PrimeSource Building Products, Inc. The Sterling

Strategic Buyer Inv. Date Select Corporate Acquisitions

Beacon Roofing Supply, Inc. 12/16/2016 ▪ BJ Building Material Supply

6/1/2016 ▪ Woodfeathers, Inc.

5/2/2016 ▪ Fox Brothers Company

4/1/2016 ▪ Atlantic Building Products, Inc.

12/29/2015 ▪ Statewide Wholesale, Inc.

GMS Inc. 12/6/2016 ▪ Two Interior Products Supply Divisions of SGI, Inc.

11/1/2016 ▪ Ryan Building Materials, Inc.

10/4/2016 ▪ United Building Materials, Inc.

9/2/2016 ▪ Olympia Building Supplies, LLC

8/30/2016 ▪ Steven Kempf Building Material Company

7/6/2016 ▪ RockWise, LLC

5/3/2016 ▪ Wall & Ceiling Supply Company, Inc.

4/1/2016 ▪ Professional Handling and Distribution, Inc.

Distribution International, Inc. 7/14/2016 ▪ E.O. Wood Co

6/2/2016 ▪ Johnson Insulation, LLC (Certain Assets)

3/7/2016 ▪ 3i Supply Company

12/1/2015 ▪ RHEM, LLC (dba E.J. Bartells)

10/20/2015 ▪ Selle Supply Company and PBI Supply, Inc.

6/3/2015 ▪ Insulation Fabricators, Inc.

Genuine Parts Company (GPC) 10/5/2016 ▪ Braas Co.

7/19/2016 ▪ OBBCO Safety & Supply

6/21/2016 ▪ Auto-Camping Ltd.

6/21/2016 ▪ Rochester Midland (Certain Assets)

5/19/2016 ▪ The Safety Zone

3/9/2016 ▪ Covs Parts Pty Ltd

3/8/2016 ▪ Epperson & Company

2/16/2016 ▪ Missouri Power

2/1/2016 ▪ Olympus Imported Auto Parts Corporation

US LBM Holdings, LLC 6/1/2016 ▪ Raymond Building Supply

3/31/2016 ▪ American Lumber Corporation

12/18/2015 ▪ Parker's Building Supply

10/27/2015 ▪ Building Supply Association, Inc.

9/24/2015 ▪ Loumac Distributors, Inc.

4/17/2015 ▪ Rosen Materials, LLC

4/2/2015 ▪ Richardson Gypsum, LLC

11/10/2016 ▪ Trumbull Vinyl Products

10/25/2016 ▪ Ace Aluminum Distributors

9/13/2016 ▪ Sidewinder Supply Inc.

8/29/2016 ▪ L&W Supply Corporation

6/7/2016 ▪ GK Building Supply Corporation

5/17/2016 ▪ T&C Supply, Inc.

12/30/2015 ▪ Rooftek Roofing Supplies, Inc.

SRS Distribution, Inc. 12/2/2016 ▪ Metro Roofing Supplies

11/7/2016 ▪ Tri State Aluminum Products

10/24/2016 ▪ MidSouth Building Supply

8/22/2016 ▪ National Building & Roofing Supplies

8/8/2016 ▪ Monroe Aluminum Products, Inc.

5/10/2016 ▪ Atlantic Roofing Distributors LLC

12/21/2015 ▪ Willoughby Supply Company's South Florida Locations

3/25/2015 ▪ Roofers Supply & Service

American Builders & Contractors Supply Co., Inc

(ABC Supply)

Page 6: Specialty Distribution Report Q4 2016 · 6/8/2016 ConAgra Foods, Inc. JM Swank Business 5/31/2016 Electro Rent Corporation 3/27/2015 PrimeSource Building Products, Inc. The Sterling

Finacial Buyer Inv. Date Select Corporate Acquisitions

Kodiak Building Partners 4/18/2016 ▪ Factory Builder Stores, Inc.

9/29/2014 ▪ Barnsco Inc.

8/11/2014 ▪ AO, Inc.

12/27/2013 ▪ Jones Heartz Drywall Supply, LLC

6/12/2013 ▪ East Coast Building Materials LLC

Platinum Equity, LLC 11/16/2016 ▪ Microlease Plc (UK)

11/3/2016 ▪ Northeast Wholesale Nail & Fastener Supply

6/16/2016 ▪ Data Blue

6/8/2016 ▪ ConAgra Foods, Inc. JM Swank Business

5/31/2016 ▪ Electro Rent Corporation

3/27/2015 ▪ PrimeSource Building Products, Inc.

The Sterling Group 12/30/2016 ▪ Stetson Building Products, Inc.

11/1/2016 ▪ Border Construction Specialties LLC

11/1/2016 ▪ Brock White Co. LLC

7/31/2015 ▪ Aurora Parts & Accessories, LLC

Page 7: Specialty Distribution Report Q4 2016 · 6/8/2016 ConAgra Foods, Inc. JM Swank Business 5/31/2016 Electro Rent Corporation 3/27/2015 PrimeSource Building Products, Inc. The Sterling

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

Automotive Building Products Electronic Components Food & Beverage

Industrial Medical Wire & Cable S&P 500

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Genuine Parts Co. GPC-US 14,210$ 95.54$ -4.9% 11.2% 90.2% 4.0% 8.5% 1.0x 11.9x 20.6x 0.9x 10.8x

LKQ Corp. LKQ-US 9,425 30.65 -13.6% 3.4% 84.3% 17.6% 11.3% 1.5x 12.3x 20.0x 1.2x 10.4x

Dorman Products, Inc. DORM-US 2,529 73.06 14.3% 53.9% 92.5% 10.7% 21.8% 2.9x 14.4x 25.6x 2.6x 12.2x

Kaman Corp. KAMN-US 1,326 48.93 11.4% 19.9% 96.1% 3.2% 9.3% 0.9x 11.9x 26.0x 0.9x 9.6x

Uni-Sélect, Inc. UNS-CA 928 21.99 -7.8% -13.9% 80.1% 9.2% 9.7% 0.9x 10.2x 15.8x 0.8x 9.0x

Essendant, Inc. ESND-US 773 20.90 1.9% -35.7% 59.7% (0.6%) 3.7% 0.3x 7.5x NM 0.3x 7.7x

Lawson Products, Inc. LAWS-US 209 23.80 34.2% 1.9% 92.2% 3.9% 6.2% 0.8x 21.7x NM 0.7x 12.3x

Segment Average $4,200 5.1% 5.8% 85.0% 6.8% 10.1% 1.2x 12.8x 21.6x 1.1x 10.3x

Segment Median $1,326 1.9% 3.4% 90.2% 4.0% 9.3% 0.9x 11.9x 20.6x 0.9x 10.4x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 8: Specialty Distribution Report Q4 2016 · 6/8/2016 ConAgra Foods, Inc. JM Swank Business 5/31/2016 Electro Rent Corporation 3/27/2015 PrimeSource Building Products, Inc. The Sterling

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Wolseley Plc WOS-GB 15,505$ 61.31$ 13.9% 34.4% 96.9% 18.1% 7.5% 0.9x 12.8x 20.5x 0.8x 10.7x

HD Supply Holdings, Inc. HDS-US 8,556 42.51 32.9% 41.6% 96.2% 4.3% 12.9% 1.7x 13.9x 8.4x 1.6x 12.6x

Pool Corp. POOL-US 4,313 104.34 10.4% 29.2% 96.6% 6.7% 11.6% 1.8x 17.1x 30.2x 1.8x 16.2x

Beacon Roofing Supply, Inc. BECN-US 2,760 46.07 9.5% 11.9% 93.4% 5.5% 10.6% 0.9x 10.8x 30.9x 0.9x 10.0x

BMC Stock Holdings, Inc. BMCH-US 1,299 19.50 10.0% 16.4% 90.7% 12.3% 6.8% 0.6x 9.9x NM 0.5x 7.5x

Boise Cascade Co. BCC-US 863 22.50 -11.4% -11.9% 75.1% 7.9% 4.8% 0.3x 7.4x 23.7x 0.3x 6.4x

Huttig Building Products, Inc. HBP-US 168 6.61 14.4% 73.9% 94.4% NM 4.6% 0.3x 9.1x 9.9x NM NM

BlueLinx Holdings, Inc. BXC-US 67 7.47 -15.9% 40.9% 77.0% NM 2.3% 0.2x 18.3x NM NM NM

Segment Average $4,192 8.0% 29.6% 90.0% 9.1% 7.6% 0.9x 12.4x 20.6x 1.0x 10.6x

Segment Median $2,029 10.2% 31.8% 93.9% 7.3% 7.1% 0.8x 11.8x 22.1x 0.8x 10.3x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

W.W. Grainger, Inc. GWW-US 13,835$ 232.25$ 3.3% 14.6% 96.5% 3.5% 15.2% 1.6x 10.4x 20.8x 1.5x 10.8x

Arrow Electronics, Inc. ARW-US 6,387 71.30 11.5% 31.6% 97.5% 1.5% 4.5% 0.4x 8.1x 12.8x 0.4x 7.9x

Avnet, Inc. AVT-US 6,077 47.61 16.0% 11.1% 92.4% (23.2%) 4.4% 0.3x 8.3x 14.1x 0.4x 8.8x

Tech Data Corp. TECD-US 2,983 84.68 0.0% 27.6% 92.6% 1.0% 1.4% 0.1x 7.1x 14.1x 0.1x 6.8x

WESCO International, Inc. WCC-US 3,231 66.55 8.2% 52.4% 90.7% 1.2% 5.9% 0.6x 11.3x 31.0x 0.6x 11.3x

ScanSource, Inc. SCSC-US 1,015 40.35 10.5% 25.2% 92.8% 2.3% 3.1% 0.3x 9.9x 16.9x 0.3x 9.4x

Richardson Electronics Ltd. RELL-US 67 6.30 -7.1% 11.1% 87.0% 1.3% (5.3%) 0.1x NM NM 0.1x NM

Segment Average $4,799 6.1% 24.8% 92.8% (1.8%) 4.1% 0.5x 9.2x 18.3x 0.5x 9.1x

Segment Median $3,231 8.2% 25.2% 92.6% 1.3% 4.4% 0.3x 9.1x 15.5x 0.4x 9.1x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Sysco Corp. SYY-US 30,284$ 55.37$ 13.0% 35.0% 97.0% 8.6% 5.6% 0.7x 13.3x 30.6x 0.7x 11.9x

US Foods Holding Corp. USFD-US 6,062 27.48 16.4% NA 98.9% 2.0% 4.0% 0.4x 10.9x 43.3x 0.4x 9.6x

Performance Food Group Co. PFGC-US 2,481 24.00 -3.2% 3.7% 85.3% 6.1% 1.5% 0.2x 11.6x 35.3x 0.2x 9.6x

United Natural Foods, Inc. UNFI-US 2,414 47.72 19.2% 21.2% 91.5% 11.1% 3.3% 0.3x 9.9x 19.2x 0.3x 9.1x

Core-Mark Holding Co., Inc. CORE-US 1,988 43.07 20.3% 5.1% 86.1% 15.4% 0.9% 0.2x 17.3x 37.8x 0.1x 12.6x

SpartanNash Co. SPTN-US 1,482 39.54 36.7% 82.7% 98.9% (13.7%) 3.0% 0.3x 6.9x 19.6x 0.2x 7.8x

The Chefs' Warehouse, Inc. CHEF-US 415 15.80 41.8% -5.3% 76.0% 9.7% 4.5% 0.6x 12.4x 790.0x 0.6x 11.5x

Segment Average $6,447 20.6% 23.8% 90.5% 5.6% 3.2% 0.4x 11.7x 139.4x 0.4x 10.3x

Segment Median $2,414 19.2% 13.2% 91.5% 8.6% 3.3% 0.3x 11.6x 35.3x 0.3x 9.6x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 9: Specialty Distribution Report Q4 2016 · 6/8/2016 ConAgra Foods, Inc. JM Swank Business 5/31/2016 Electro Rent Corporation 3/27/2015 PrimeSource Building Products, Inc. The Sterling

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Genuine Parts Co. GPC-US 14,210$ 95.54$ -4.9% 11.2% 90.2% 4.0% 8.5% 1.0x 11.9x 20.6x 0.9x 10.8x

W.W. Grainger, Inc. GWW-US 13,835 232.25 3.3% 14.6% 96.5% 3.5% 15.2% 1.6x 10.4x 20.8x 1.5x 10.8x

Fastenal Co. FAST-US 13,579 46.98 12.4% 15.1% 94.0% 5.3% 22.6% 3.5x 15.6x 27.3x 3.3x 15.0x

HD Supply Holdings, Inc. HDS-US 8,556 42.51 32.9% 41.6% 96.2% 4.3% 12.9% 1.7x 13.9x 8.4x 1.6x 12.6x

MSC Industrial Direct Co., Inc. MSM-US 4,137 92.39 25.9% 64.2% 97.2% NM NM 2.0x 12.9x NM 2.2x 13.5x

WESCO International, Inc. WCC-US 3,231 66.55 8.2% 52.4% 90.7% 1.2% 5.9% 0.6x 11.3x 31.0x 0.6x 11.3x

NOW, Inc. DNOW-US 2,200 20.47 -4.5% 29.4% 87.0% 15.9% (7.5%) 1.0x NM NM 0.9x NM

MRC Global, Inc. MRC-US 1,931 20.26 23.3% 57.1% 90.0% 2.5% (1.9%) 0.8x 42.3x NM 0.8x 18.9x

Lawson Products, Inc. LAWS-US 209 23.80 34.2% 1.9% 92.2% 3.9% 6.2% 0.8x 21.7x NM 0.7x 12.3x

Segment Average $6,877 14.5% 31.9% 92.6% 5.1% 7.7% 1.4x 17.5x 21.6x 1.4x 13.1x

Segment Median $4,137 12.4% 29.4% 92.2% 4.0% 7.3% 1.0x 13.4x 20.8x 0.9x 12.5x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

McKesson Corp. MCK-US 31,754$ 140.45$ -15.8% -28.8% 70.0% 2.7% 2.2% 0.2x 7.8x 15.9x 0.2x 7.7x

Cardinal Health, Inc. CAH-US 23,035 71.97 -7.4% -19.4% 79.5% 7.8% 2.3% 0.2x 8.6x 17.4x 0.2x 7.6x

AmerisourceBergen Corp. ABC-US 17,210 78.19 -3.2% -24.6% 74.4% 10.1% 1.6% 0.1x 9.4x 12.4x 0.1x 8.4x

Henry Schein, Inc. HSIC-US 12,211 151.71 -6.9% -4.1% 82.9% 7.2% 8.7% 1.2x 14.3x 25.2x 1.2x 13.1x

Patterson Cos., Inc. PDCO-US 4,017 41.03 -10.7% -9.2% 81.4% 2.1% 7.2% 0.9x 10.1x 19.1x 0.9x 11.4x

Owens & Minor, Inc. OMI-US 2,171 35.29 1.6% -1.9% 85.1% (2.2%) 2.7% 0.3x 9.3x 19.3x 0.3x 9.2x

Aceto Corp. ACET-US 660 21.97 15.7% -18.6% 79.0% 14.9% 10.7% 1.3x 10.7x 21.8x 1.1x 8.9x

Segment Average $13,008 (3.8%) (15.2%) 78.9% 6.1% 5.1% 0.6x 10.0x 18.7x 0.6x 9.5x

Segment Median $12,211 (6.9%) (18.6%) 79.5% 7.2% 2.7% 0.3x 9.4x 19.1x 0.3x 8.9x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Genuine Parts Co. GPC-US 14,210 95.54 -4.9% 11.2% 90.2% 4.0% 8.5% 1.0x 11.9x 20.6x 0.9x 10.8x

Arrow Electronics, Inc. ARW-US 6,387 71.30 11.5% 31.6% 97.5% 1.5% 4.5% 0.4x 8.1x 12.8x 0.4x 7.9x

Avnet, Inc. AVT-US 6,077 47.61 16.0% 11.1% 92.4% (23.2%) 4.4% 0.3x 8.3x 14.1x 0.4x 8.8x

Anixter International, Inc. AXE-US 2,679 81.05 25.7% 34.2% 96.4% 3.5% 5.3% 0.5x 10.6x 28.7x 0.5x 9.9x

Houston Wire & Cable Co. HWCC-US 106 6.50 5.0% 23.1% 84.3% 13.3% (1.6%) 0.5x 85.3x NM 0.5x 26.2x

Segment Average $5,892 10.6% 22.3% 92.2% (0.2%) 4.2% 0.5x 24.9x 19.1x 0.5x 12.7x

Segment Median $6,077 11.5% 23.1% 92.4% 3.5% 4.5% 0.5x 10.6x 17.4x 0.5x 9.9x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 12: Specialty Distribution Report Q4 2016 · 6/8/2016 ConAgra Foods, Inc. JM Swank Business 5/31/2016 Electro Rent Corporation 3/27/2015 PrimeSource Building Products, Inc. The Sterling

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA12/31/2016 Schwagel Distributing, Inc. Dooley's Petroleum, Inc. Industrial - - -

12/30/2016 Stetson Building Products, Inc. The Sterling Group LP; Border

Construction Specialties LLC

Building Products - - -

12/30/2016 Martin Walshin, Inc. Control Supply Corp. Industrial - - -

12/27/2016 Adco Products, Inc. (California) Century Park Capital Partners, Inc.;

Covercraft Industries, Inc.

Automotive - - -

12/22/2016 BioGanix Ltd. Relevium Technologies, Inc. Medical 4.25 1.06x -

12/22/2016 EEB Systems LLC EnerDynamic Hybrid Technologies Corp. Building Products - - -

12/21/2016 H-E Parts International LLC Hitachi Construction Machinery Co., Ltd. Industrial 240.00 2.18x -

12/20/2016 Workhorse Rail LLC Westinghouse Air Brake Technologies

Corp.

Industrial - - -

12/19/2016 Il Castagno Distributors LLC Domaine Select Wine & Spirits LLC Food & Beverage - - -

12/19/2016 Midway Industrial Supply, Inc. Ohio Transmission Corp.; Irving Place

Capital Management LP

Industrial - - -

12/19/2016 QC Supply LLC Charlesbank Capital Partners LLC Industrial - - -

12/16/2016 BJ Building Material Supply Co. Beacon Roofing Supply, Inc. Building Products - - -

12/16/2016 Cadence Chemical Corp. CI Capital Partners LLC; Maroon Group

LLC

Industrial - - -

12/15/2016 Claris Lifesciences Ltd. /Sub 7/ Baxter International, Inc. Industrial 625.00 - -

12/15/2016 Houston Blow Pipe & Steel Plate Corp. North Shore Steel Industrial - - -

12/14/2016 Rmax Operating LLC Sika AG Building Products - - -

12/13/2016 Cal Plastics & Metals, Inc. Curbell Plastics, Inc. Industrial - - -

12/13/2016 Matera Paper Co., Inc. Wolseley Ltd.; Ferguson Enterprises, Inc. Industrial - - -

12/12/2016 Jackson Pipe & Steel JMS Russel Metals Corp. Industrial - - -

12/9/2016 Marson & Marson Lumber, Inc. Tum-A-Lum Lumber Co. Building Products - - -

12/8/2016 Thomas Nielsen Wholesale, Inc. Cedar Creek, Inc. Building Products - - -

12/6/2016 Delta Door & Hardware LLC The Cook & Boardman Group LLC;

Ridgemont Partners Management LLC

Building Products - - -

12/6/2016 SGI, Inc. /Interior Products Supply Divisions 2/ GMS, Inc. Building Products - - -

12/5/2016 Beck/Arnley-Worldparts, Inc. Federal-Mogul Corp.; Federal-Mogul

Motorparts Corp.

Automotive - - -

12/2/2016 Metro Roofing Supplies SRS Distribution, Inc. Building Products - - -

12/2/2016 Doc Retail, Inc. Holston Gases, Inc. Industrial - - -

12/2/2016 Drossbach Gmbh (No. American subs) Delfingen Industry Wire & Cable - - -

12/1/2016 Radiographic Equipment Services, Inc. Universal Hospital Services, Inc.; Irving

Place Capital Management LP

Medical - - -

12/1/2016 Central Office Supply Co., Inc. Total Office Products & Service, Inc. Industrial - - -

12/1/2016 Pendleton Grain Growers, Inc. /Propane Bussiness/ Morrow County Grain Growers, Inc. Industrial - - -

11/30/2016 Comfort Medical, LLC Coloplast A/S Medical 160.00 - -

11/30/2016 Carrier Enterprise Northeast LLC Watsco, Inc. Industrial 430.00 - -

11/30/2016 Autobody Supply Co., Inc. FinishMaster, Inc. Automotive - - -

11/25/2016 Latis LLC Bavaria NV Food & Beverage - - -

11/24/2016 Napasol North America LLC Napasol AG Food & Beverage - - -

11/23/2016 Ariens Co. /2 Subsidiaries/ Riverside Partners LLC Electronic Components - - -

11/18/2016 World & Main (Houston) LLC Hardware Distribution Warehouses, Inc. Building Products - - -

11/18/2016 Focus Products Group Intl LLC /West Bend

Electrics Div/

The Legacy Cos. Electronic Components - - -

11/16/2016 Construction Specialties, Inc. (Texas) Assa Abloy AB Building Products - - -

11/15/2016 Ardent Support Technologies LLC GTCR LLC; Park Place Technologies LLC Electronic Components - - -

11/11/2016 Trinity Recyclers LLC Green Tree Recycling Electronic Components - - -

Page 13: Specialty Distribution Report Q4 2016 · 6/8/2016 ConAgra Foods, Inc. JM Swank Business 5/31/2016 Electro Rent Corporation 3/27/2015 PrimeSource Building Products, Inc. The Sterling

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA11/10/2016 Trumbull Vinyl Products, Inc. American Builders & Contractors Supply

Co., Inc.

Building Products - - -

11/8/2016 Vanerum Stelter LLC MooreCo, Inc. Building Products - - -

11/8/2016 Hahn Systems LLC Descours & Cabaud SA Industrial - - -

11/8/2016 Engineering Controls, Inc. Audax Private Equity; MIRATECH Corp. Industrial - - -

11/7/2016 Tri State Aluminum Products SRS Distribution, Inc. Industrial - - -

11/4/2016 A.M. Castle & Co. W.B. & Co. Industrial 228.86 0.55x -3.06x

11/4/2016 Caito Foods Service, Inc. /Produce Distribution

Business/

SpartanNash Co. Food & Beverage - - -

11/3/2016 Northeast Wholesale Nail & Fastener Supply Co.,

Inc.

Platinum Equity LLC; PrimeSource

Building Products, Inc.

Building Products - - -

11/2/2016 Mct Dairies, Inc. /Corefx/ Ornua Co-Operative Ltd. Food & Beverage 5.00 - -

11/2/2016 Barrels Unlimited, Inc. TFF Group Food & Beverage - - -

11/2/2016 B.R. Johnson, Inc. Regional Brands, Inc.; Lorraine Capital

LLC; BR Johnson Inc /Private Group/

Building Products - - -

11/1/2016 Brock White Co. LLC The Sterling Group LP Building Products - - -

11/1/2016 Border Construction Specialties LLC The Sterling Group LP Industrial - - -

11/1/2016 Ryan Building Materials, Inc. GMS, Inc. Building Products - - -

10/31/2016 Healthcare Professional Equipment Services LP US Med-Equip, Inc. Medical - - -

10/25/2016 Ace Aluminum Distributors, Inc. American Builders & Contractors Supply

Co., Inc.

Building Products - - -

10/24/2016 MidSouth Building Supply SRS Distribution, Inc. Building Products - - -

10/24/2016 Plumbing Source, Inc. Wolseley Ltd.; Ferguson Enterprises, Inc. Building Products - - -

10/21/2016 Arnold Industries, Inc. Bossard Holding AG Electronic Components - - -

10/20/2016 U.S. Floors, Inc. Shaw Industries, Inc. Building Products 126.44 - -

10/19/2016 Vision Systems, Inc. (Florida) Enhanced Medical Services LLC Medical - - -

10/18/2016 Horizon Scientific Inc Standex International Corp. Medical 31.00 1.11x -

10/17/2016 Rocket Seals, Inc. Lynwood Capital Partners, Inc. Industrial - - -

10/14/2016 Hawkeye Building Distributors Ltd. Guardian Building Products, Inc. Building Products - - -

10/14/2016 T.F. Kinnealey & Co., Inc. Performance Food Group Co. Food & Beverage - - -

10/13/2016 Noco, Inc. /Lubricant Business/ Brenntag AG Industrial - - -

10/13/2016 RBC Tile & Stone LLC Virginia Tile Co. LLC Building Products - - -

10/12/2016 Transamerican Auto Parts Co. LLC Polaris Industries Inc. Automotive 665.00 0.90x -

10/9/2016 King Maker Marketing, Inc. Premier Manufacturing, Inc. Food & Beverage 24.00 0.73x -

10/7/2016 VMS Aircraft Co., Inc. Garibaldi Participations SAS; BPIFrance

Investissement SAS; Société Générale

Capital Partenaires SAS; Addev SAS

Automotive - - -

10/7/2016 Gamco Services, Inc. Carolina Machine & Tool, Inc. Industrial - - -

10/6/2016 FC Modular LLC Full Stack Modular LLC Building Products - - -

10/5/2016 Braas Co. Motion Industries, Inc. (GPC) Industrial - - -

10/5/2016 USA Woods International, Inc. Frank Miller Lumber Co., Inc. Building Products - - -

10/4/2016 United Building Materials, Inc. GMS, Inc. Building Products - - -

10/4/2016 Lundco Supply AllPoints Foodservice Parts & Supplies,

Inc.

Industrial - - -

10/3/2016 Vertex Corporate Holdings, Inc. HWC Wire & Cable Co. Industrial 32.30 - -

10/3/2016 Nuclear Logistics LLC Westinghouse Electric Co. LLC Industrial - - -

10/3/2016 Winfield Consumer Products, Inc. TA Associates Management LP;

Kinderhook Industries LLC; Truck Hero,

Inc.

Automotive - - -