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    Building Products & Construction Q1 2022

    Q1 2022 Building Products Construction

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Forterra, Inc.
    • Quikrete Holdings, Inc.
    • $2,817.30
    • Malarkey Roofing Products Co.
    • Holcim Group Services Limited
    • $1,350.00
    • Associated Materials, LLC
    • Strategic Value Partners, LLC
    • $950.00
    • North American Fly Ash Business of Boral Limited
    • Eco Material Technologies Inc
    • $755.00
    • Urban Grid Solar Projects, LLC
    • Brookfield Renewable Corporation
    • $650.00
    • Hanover Family Builders, LLC
    • Landsea Homes of Florida LLC
    • $248.54
    • Reconstruction Experts Inc.
    • Johns Lyng Group Limited
    • $202.00
    • Joule Processing, LLC
    • Plug Power Hydrogen Holdings, Inc.
    • $160.00
    • Granite Inliner, LLC/Granite Transport Co./2626584 Ontario, Inc.
    • Inland Pipe Rehabilitation LLC; 1000097155 Ontario Inc.
    • $159.67
    • Solar Innovations, LLC
    • Fortune Brands Home & Security, Inc.
    • $63.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Southwest Slurry Seal, Inc.
    • American Pavement Preservation LLC; Capital Alignment Partners
    • n/a
    • Apple Roofing, LLC
    • Gauge Capital LLC
    • n/a
    • Certified Climate Control, Llc
    • NorthCurrent Partners, LLC
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Mill Creek Dolomite, LLC
    • United States Lime & Minerals, Inc.
    • $6.40
    • Stay-Lite Lighting Inc
    • Orion Energy Systems, Inc.
    • $4.40
    • Phillips Architecture PA
    • Redline Design Group, P.A.
    • $4.00
    • LarSun LLC
    • Harness Power
    • $2.50

     

    Source S&P Capital IQ as of 4/4/2022 and PCE Proprietary Data

    PCE Transactions

    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

    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. Cornerstone Building Brands to be Acquired by CD&R for $5.8 billion. (2022, March 7). Clayton, Dubilier & Rice.
    2. Dodge Data & Analytics – Total Construction Starts Increase in February, March 16, 2022.
    3. Carlo, A. (2022, March 17). Housing starts climb in February. HBSDealer.
    4. Construction Employment Surges in February to Near Pre-Pandemic Levels, Says Abc. (2022, March 4). Associated Builders and Contractors.
    5. Construction Industry Faces Workforce Shortage of 650,000 in 2022. (2022, February 23). Associated Builders and Contractors.
    6. “Lumber Prices Have Tumbled Over 20% in March, buy Homebuyers Shouldn’t Celebrate Just Yet,” Will Daniel, Fortune, March 24, 2022.
    7. “US Steel Confident on Rising Steel Costs; Prices Persisting” Alan Sumler, Nasdaq, March 27, 2022.

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