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    Diversified Industrials Q1 2020

    Q1 2020 Diversified Industrials

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Industrial Segment Business of Ingersoll-Rand plc
    • Ingersoll Rand, Inc.
    • $8,735.50
    • Aircastle Limited
    • Marubeni Corporation; Mizuho Leasing Company, Limited
    • $6,916.28
    • Three Sawmills of Conifex Timber, Inc.
    • Resolute FP US Inc.
    • $176.00
    • Non-Core Instrumentation and Sampling Buisness of CIRCOR International, Inc.
    • Crane Co.
    • $172.00
    • 630,000 acres of Timberland in Montana
    • Southern Pine Plantations
    • $145.00
    • Flow Management Devices LLC
    • IDEX Corporation
    • $125.00
    • Evoqua Water Technologies Membrane Systems Pty Ltd & MEMCOR Product Line
    • DuPont de Nemours, Inc.
    • $110.00
    • Spartan Motors USA, Inc.
    • REV Group, Inc.
    • $55.00
    • All Assets of Delta Separations, LLC & All Assets of Teaching Tech, LLC
    • Gibraltar Industries, Inc.
    • $50.00
    • Substantially All Operating Assets of Nortech Packaging
    • Intertape Polymer Group
    • $36.50

     

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

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    Contacts

    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. Martineau, Paris, “The ‘Surreal’ Frenzy Inside the US’ Biggest Mask Maker,” WIRED, Mar. 16, 2020.
    2. Wayland, Michael “Ford to begin producing respirators for healthcare workers at Michigan Plant,” CNBC.com, April 13, 2020.
    3. The Associated Press, “Factory Shutdowns Near WWII Demobilization Levels in U.S.,”  The New York Times, April 15, 2020.
    4. Boudette, Neal, “Automakers to Close Factories in North America,” The New York Times, Mar. 18, 2020.
    5. Shepardson, David, “Honda, Fiat Chrysler aim to restart US, Canada auto production in May,” Reuters, April 6, 2020.
    6. Yu, Janice, “Georgia-Pacific Working to Keep Up with Toilet Paper Demand,” Fox5 Atlanta, Mar. 18, 2020.
    7. Orner, Ben, “Lawmakers Take Aim at Plastic Pollution with Package,“ Capitol News Illinois, Feb. 18, 2020.
    8. Root, Al, “Oil Is Plummeting. Here Are Industrial Companies That Could Take A Hit – and a Couple That Could Benefit,” Barron’s , March 9, 2020.
    9. Wallace, Joe, “Coronavirus Spurs Demand for Niche Raw Materials,” Wall Street Journal, Feb. 12, 2020.

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