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    Building Products & Construction Q2 2022

    Q2 2022 Building Products Construction

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Oldcastle BuildingEnvelope, Inc.
    • KPS Capital Partners, LP
    • $3,800.00
    • C.H.I. Overhead Doors, Inc.
    • Nucur Corporation
    • $3,000.00
    • Tensar Corporation
    • Commercial Metals Company
    • $550.00
    • Certain West Coast Cement & Ready Mixed Concrete Operations of Martin Marietta Materials, Inc.
    • CalPortland Company
    • $250.00
    • Concrete and Aggregates Assets
    • Eagle Materials, Inc.
    • $121.20
    • Level5 Tools, LLC
    • Worthington Industries, Inc.
    • $80.00
    • One Businesss in the East Segment of Summit Materials, Inc.
    • Undisclosed Buyer
    • $47.80
    • McMahon Associates, Inc.
    • Bowman Consulting Group Ltd.
    • $18.73
    • Tri-State Paving & Sealcoating, LLC
    • Energy Services of America Corporation
    • $9.50
    • Assets of Heartland Industries, Inc.
    • Superior Plus Corp.
    • $7.10

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Unistructural Support Systems Ltd.
    • Brixey & Meyer Capital
    • n/a
    • Drive Development Partners LLC
    • Lloyd Jones LLC
    • n/a
    • Service Minds, Inc.
    • Altamont Capital Management, LLC
    • n/a
    • Aero Mist, Inc.
    • Crown Capital Investments, LLC
    • n/a
    • BlueWave Solar, LLC
    • Axium Infrastructure Inc.
    • n/a
    • Bandera Utility Contractors, LLC
    • Argonaut Private Equity
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Emerald Construction Management, Inc.
    • urban-gro, Inc.
    • $7.00
    • The Boston Solar Company, LLC
    • SinglePoint Inc.
    • $5.51
    • Shanahan Plumbing, LLC
    • Water Intelligence plc
    • $0.80
    • Boyd Holmes Engineering, Inc.
    • Forte and Tablada, Inc.
    • n/a
    • Thad Hedrick Builders, LLC
    • Southern HVAC Corporation
    • n/a
    • NEXGEN Air Conditioning and Heating, LLC
    • Wrench Group, LLC
    • n/a

     

    Source S&P Capital IQ as of 7/8/2022 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. Residential Construction Jobs Now 7.6% above pre-COVID level (June 3, 2022), Housing wire.
    2. The Employment Situation – May 2022 (June 3, 2022), Bureau of Labor Statistics.
    3. US Housing Starts Decline to Lowest Level in More Than a Year, (June 16, 2022), Bloomberg.
    4. Nucor to acquire manufacturers of steel utility structures, (June 8, 2022), Herald-Dispatch.
    5. Lumber Prices are falling. Could prices in the housing market follow? (June 6, 2022), USA Today.
    6. Monthly Price of lumber in the United States from January 2019 to March 2022, (April 26, 2022), Statista.
    7. NAHB Welcomes Biden Administration Move to Lower Lumber Tariffs (January 31, 2022), NAHB

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