Building Products & Construction Q1 2020

Q1 2020 Building Products Construction

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • William Lyon Homes
  • Taylor Morrison Home Corporation
  • $2,422.48
  • Continental Building Products, Inc.
  • CertainTeed Gypsum & Ceiling USA, Inc.
  • $1,564.20
  • Kosmos Cement Plant & Related Assets of Kosmos Cement Company
  • Eagle Materials, Inc.
  • $665.00
  • Certain Power & Energy Business of SPX Flow
  • Apollo Global Management, Inc.
  • $475.00
  • Cherry Industries, Inc.
  • Arcosa, Inc.
  • $298.00
  • Coram Materials, Inc.
  • U.S. Concrete, Inc.
  • $142.00
  • NewSouth Window Solutions, LLC
  • PGT Innovations, Inc.
  • $92.00
  • All Assets of Just Manufacturing Company, Inc.
  • Zurn Industries, LLC
  • $60.00
  • Substantially All Assets & Operations of Thrive Residential
  • Toll Brothers, Inc.
  • $53.30
  • Garrett Walker Homes, LLC
  • Landsea Homes of Arizona LLC
  • $50.70

 

Source S&P Capital IQ as of 4/13/2020 and PCE Proprietary Data

Additional Resources

eBook- Ketys to Selling Your Building Products Company

Contacts

eBook- Keys to Selling Your Construction Company

 

Michael Poole

Orlando Office

407-621-2112

Michael Rosendahl

New York Office

201-444-6280 Ext 1

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. Builderonline.com, Coronavirus Construction Limits: State-by-State-Tracker
  2. "Homebuilder Confidence Index Takes Biggest One-Month Dive in its History as Coronavirus Slams Economy,” Diana Olick, CNBC.com, April 15, 2020.
  3. “6 Ways the Coronavirus outbreak will affect construction,” Jenn Goodman, Construction Dive, March 13, 2020.
  4. “6 Ways the Coronavirus outbreak will affect construction,” Jenn Goodman, Construction Dive, March 13, 2020.
  5. “Chinese Copper, Italian Marble: Coronavirus Shipping Delays Hurt Developers,” C.J. Hughes, The New York Times, March 20, 2020.
  6. E & T Editorial Staff. “Concrete Recycling Creates Bendy New Construction Material.” Engineering and Technology. February 21, 2020.
  7. Concrete News. “Quikrete, Oak Ridge Lab team on 3D-printed concrete R&D.” Concrete Products. March 20, 2020.
  8. Mazhandu, Farai. “How the Integration of IoT and 5G is Set to Shape the Construction Industry.” IoT for all. January 6, 2020.

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