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    Building Products & Construction Q2 2021

    Q2 2021 Building Products Construction

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Aegion Corporation
    • New Mountain Capital, LLC
    • $1,247.45
    • Gibbs & Cox, Inc.
    • Leidos Holdings, Inc.
    • $380.00
    • StonePoint Materials, LLC
    • Arcosa, Inc.
    • $375.00
    • Substantially All of the Assets and Operations of Design Space Modular Buildings, Inc.
    • McGrath RentCorp
    • $260.00
    • Global Energy Generation, LLC
    • Migdal Insurance and Financial Holdings, Ltd.
    • $110.00
    • Cali Bamboo, LLC
    • Victoria plc
    • $103.90
    • Spartan Surfaces, Inc.
    • Floor and Décor Outlets of America, Inc.
    • $90.00
    • Solar Division of Horne Brothers Construction, Inc.
    • Blue Ridge Power, LLC
    • $60.00
    • Vintage Estate Homes, LLC
    • Landsea Homes US Corporation
    • $54.60
    • Solcius, LLC
    • Sunworks United, Inc.
    • $51.75

     

    Source S&P Capital IQ as of 7/7/2021 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

    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. “Vulcan to Acquire U.S. Concrete,” Vulcan Materials Company, June 7, 2021.
    2. “Lumber Prices Continue to Plummet—Down 49% from the Peak,” Lambert Lance, Fortune, July 7, 2021.
    3. “Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers,” Ryan Dezember, The Wall Street Journal, June 15, 2021.
    4. “Even Modest Infrastructure Investment Could Send Commercial Construction Outlook Soaring,” Becky Schultz, For Construction Pros, June 7, 2021.
    5. “Biden, Senators Agree to Roughly $1 Trillion Infrastructure Plan,” Andrew Duehren, Kristina Peterson, and Sabrina Siddiqui, The Wall Street Journal, June 24, 2021.
    6. “New Report Finds Construction Contractors Struggling to Find Workers, Building Materials,” Thaddeus Swanek, U.S. Chamber of Commerce, June 16, 2021.
    7. “ABC’s Construction Backlog Inches Higher in May; Materials and Labor Shortages Suppress Contractor Confidence,” Associated Builders and Contractors, June 15, 2021.
    8. “Construction Input Prices Rise 4.6% in May; Softwood lumber Prices Up 154% From a Year Ago, Says ABC,” Associated Builders and Contractors, June 15, 2021.
    9. “Existing-Home Sales Experience Slight Skid of 0.9% in May,” Quintin Simmons, National Association of Realtors, June 22, 2021.

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