Diversified Industrials Q2 2020

Q2 2020 Diversified Industrials

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Lummus Technology Business of McDermott
  • Rhone Capital, LLC; Haldia Petrochemicals Limited
  • $2,725.00
  • Pope MGP, Inc./Pop EGP, Inc/Pope Resources, A Delaware Limited PartnershipLimited
  • Rayonier, Inc.
  • $552.23
  • R.H. Sheppard Co., Inc.
  • Bendix Commercial Vehicle Systems, LLC
  • $149.50
  • Elliot Sawmilling Co., Inc.
  • Canfor Southern Pine, Inc.
  • $110.50
  • Consumer Packaging Group Business of Greif, Inc.
  • Graphic Packaging International, LLC
  • $85.00
  • Champion Bus, Inc./El Dorado National Kansas, Inc.
  • Forest River, Inc.
  • $49.00
  • Rapak, LLC
  • TriMas Corporation
  • $12.00
  • Energy Recovery, Inc.
  • Raymond James & Associates, Inc.
  • $11.28
  • Refrigerated Solutions of Standex International Corporation
  • Ten Oaks Group
  • $11.00
  • PeakLogix, Inc.
  • Alta Equipment Group, Inc.
  • $7.70

 

Source S&P Capital IQ as of 7/15/2020 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

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

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. “Consumer Appetite for Cars, Homes Bolsters U.S. Economy,” Sarah Chaney, The Wall Street Journal, July 15, 2020.
  2. “Boeing To Reopen Some Production Plants with New Worker Safety Protocols,” National Public Radio, April 17, 2020.
  3. “Boeing 737 Max Cancellations Climb Again in the Dismal First Half of the Year,” CNBC.com, July 14, 2020.
  4. The Federal Reserve, Industrial Production and Capacity Utilization, July 15, 2020.
  5. “Single-use Plastic is Back in the Pandemic Era,” The Wall Street Journal, June 29, 2020.
  6. “Toilet Paper Shortage: When Will it End?,” The Atlanta Journal-Constitution, May 3, 2020.

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