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    Diversified Industrials Q1 2022

    Q1 2022 Diversified Industrials

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Sonoco
    • Sonoco Products Company
    • $1,350.00
    • Kaman Distribution Group
    • Motion Industries, Inc.
    • $1,300.00
    • Billerud Americas Corporation
    • BillerudKorsnäs Inc.
    • $809.32
    • Substantially all Assets of Mid-Am Building Supply, Inc.
    • Hardwoods Distribution Inc.
    • $270.00
    • Midwest Paper Group
    • Durango Mckinley Paper Company
    • $204.44
    • Resolute-LP Engineered Wood Larouche Inc./Resolute-LP Engineered Wood St-Prime Limited Partnership
    • Resolute FP Canada Inc.
    • $50.00
    • Spinnaker Coating, LLC
    • Mactac Americas, LLC
    • $40.00
    • Substantially All of Operating Assets of Syfan Manufacturing, Inc.
    • Intertape Polymer Group Inc.
    • $18.00
    • PurePressure, LLC
    • Agrify Corporation
    • $11.77
    • EcoTech Solutions Inc.
    • Viper Networks, Inc.
    • $1.69

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Reverso Pumps, Inc /Separ of the Americas, LLC
    • Crawford United Corporation
    • n/a
    • General Chemical & Supply, Inc.
    • Envoy Solutions, LLC
    • n/a
    • JMI Instrument Company
    • Allied Valve, Inc.
    • n/a
    • Promac, Inc.
    • Ovation Holdings, Inc.
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • JK Enterprise Landscape Supply, LLC
    • SiteOne Landscape Supply, Inc.
    • n/a
    • Packaging Technology Group, Inc.
    • Cold Chain Technologies, LLC
    • n/a
    • Southern Lighting Gallery, Inc.
    • Saylite, Inc.
    • n/a
    • Integrated Machinery Solutions, LLC
    • DeShazo Crane Company, LLC
    • n/a
    • Crabtree Siding and Supply
    • Beacon Roofing Supply, Inc.
    • n/a
    • K-T Bolt Mfg. Co.
    • Birmingham Fastener & Supply, Inc.
    • n/a
    • Bass Flexible Packaging, Inc.
    • C-P Flexible Packaging, Inc.
    • n/a
    • E-Roots System.
    • ZA Group Inc.
    • n/a
    • CMH Solutions, Inc.
    • Tom Barrow Co., Inc.
    • n/a
    • State Industrial Supply, Inc.
    • A&M Industrial Inc.
    • n/a
    • Pioneer Packaging Inc.
    • B2B Industrial Packaging LLC
    • n/a

     

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

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    PCE Transactions

    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. “Short-Term Energy Outlook.” U.S. Energy Information Administration, 8 Mar. 2022.
    2. Gas prices in the US hit a record as Russia continues to invade Ukraine - CNN.
    3. Patterson, Scott. “High Gasoline Prices Have Consumers Thinking Electric.” The Wall Street Journal, 23 Mar. 2022.
    4. Shepardson, David. “U.S. Unveils $5 Bln Plan to Fund EV Charging Network.” Reuters, 10 Feb. 2022.
    5. Patterson, Scott. “High Gasoline Prices Have Consumers Thinking Electric.” The Wall Street Journal, 23 Mar. 2022.
    6. Goldman Sachs Research. “Batteries: The Greenflation Challenge.” Goldman Sachs, 8 Mar. 2022.
    7. Wayland, Michael, et al. “GM to Buy SoftBank’s Stake in Cruise Self-Driving Unit for $2.1 Billion.” CNBC, 18 Mar. 2022.
    8. Shepardson, David, and Hyunjoo Jin. “GM Bets $3.5 Billion More on Self-Driving Tech Unit as SoftBank Exits.” Reuters, 18 Mar. 2022.
    9. ISM Report, BLS Data Show March Growth in Manufacturing | IndustryWeek.
    10. February Adds 36,000 Manufacturing Jobs as Most Industries See Growth | IndustryWeek.

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