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    Diversified Industrials Q2 2021

    Q2 2021 Diversified Industrials

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Cantel Medical Corp.
    • STERIS plc
    • $4,912.49
    • Nortek Air Management Business of Nortek Inc.
    • Madison Industries US Holdings Corporation
    • $3,625.00
    • MTS Systems Corporation
    • Amphenol Corporation
    • $1,771.39
    • Custom Truck/Utility One Source GP/Blackstone UOS Feeder Fund VI/Blackstone UOS Feeder Fund BEP
    • Nesco Holdings II, Inc.
    • $1,475.00
    • SEACOR Holdings Inc.
    • AIP, LLC
    • $1,234.55
    • General Finance Corporation
    • United Rentals (North America), Inc.
    • $609.91
    • Dorner Mfg. Corp.
    • Columbus McKinnon Corporation
    • $485.00
    • Airtech Vacuum Inc./US Valve Corporation and related entities
    • IDEX Corporation
    • $470.00
    • Santek Waste Services, LLC
    • Republic Services, Inc.
    • $450.00
    • Hixson Lumber Sales Inc.
    • Doman Building Materials Group Ltd.
    • $375.00

     

    Source S&P Capital IQ as of 7/6/2021 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. Langley, Karen, “Construction Stocks Jump on Infrastructure Deal,” The Wall Street Journal, June 24, 2021
    2. Duehren, Andrew, et al., “Biden, Senators Agree to Roughly $1 Trillion Infrastructure Plan,” The Wall Street Journal, 24 June, 2021
    3. “Steelmakers Keep Old Plants Idle Despite Surging Prices,” Tita, Bob, The Wall Street Journal, 10 June, 2021
    4. “Industrial Production and Capacity Utilization ¬¬¬– G.17,” Board of Governors of the Federal Reserve System, 14 May, 2021
    5. “Industrial Production and Capacity Utilization – G.17,” Board of Governors of the Federal Reserve System, 15 June, 2021
    6. "Industrial Production and Capacity Utilization – G.17," Board of Governors of the Federal Reserve System, 15 July, 2021
    7. Xie, Stella Yifan, Costas Paris, and Stephanie Yang, “Fresh Covid-19 Outbreaks in Asia Disrupt Global Shipping, Chip Supply Chain,” The Wall Street Journal, Dow Jones & Company, 11 June, 2021
    8. Naughton, Nora, “Car Dealers Are Selling More Vehicles Above the Sticker Price,” The Wall Street Journal, Dow Jones & Company, 29 June, 2021
    9. Colias, Mike and Nora Naughton, “Ford to Idle or Curb Output at More Plants Because of Chip Shortage,” The Wall Street Journal, Dow Jones & Company, 30 June, 2021
    10. Colias, Mike and Nora Naughton, “Ford to Idle or Curb Output at More Plants Because of Chip Shortage,” The Wall Street Journal, Dow Jones & Company, 30 June, 2021
    11. Naughton, Nora and Mike Colias, “Car Market Is Expected to Cool Amid Dearth of Vehicles on Lots,”
    12. Yap, Chuin-Wei and Yifan Wang, “China to Release Metal Reserves in Effort to Tame Commodities Rally,” The Wall Street Journal, Dow Jones & Company, 16 June, 2021
    13. “The Middleby Corporation To Acquire Welbilt, Inc.,” The Middleby Corporation, 21 April, 2021

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