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    Diversified Industrials Q2 2022

    Q2 2022 Diversified Industrials

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • SPX FLOW, Inc.
    • Lone Star Americas Acquisitions, Inc.
    • $4,111.50
    • C.H.I. Overhead Doors, Inc.
    • Nucor Corporation
    • $3,000.00
    • US Ecology, Inc.
    • Republic Services, Inc.
    • $2,329.87
    • Scholle IPN Corporation
    • SIG Group AG
    • $1,846.03
    • Sempra Infrastructure Partners, LP
    • Black River B 2017 Inc.
    • $1,730.00
    • Lawson Products, Inc.
    • Distribution Solutions Group, Inc.
    • $580.68
    • Wenger Manufacturing, Inc.
    • Marel hf.
    • $530.53
    • Fuel Transfer Business Assets of Tuthill Corporation, Including the Fill-Rite and Sotera Brands
    • The Gorman-Rupp Company
    • $525.00
    • PetroChoice Holdings, Inc.
    • Moove Lubricants Limited
    • $479.00
    • Huttig Building Products, Inc.
    • Woodgrain Inc.
    • $403.33

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • 80,800 Acres of Timberlands in North and South Carolina
    • Weyerhaeuser Company
    • $265.00
    • Novex Inc.
    • LFM Capital, LLC
    • n/a
    • KKSP Precision Machining, LLC
    • Pine Grove Holdings, LLC
    • n/a
    • Double E Company LLC
    • Industrial Growth Partners
    • n/a

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Salford Group, Inc.
    • MacDon Industries Ltd.
    • $202.47
    • Cloverdale Equipment Co.
    • Herc Holdings Inc.
    • $175.00
    • Century Gaming, Inc.
    • Accel Entertainment, Inc.
    • $164.20
    • Panel Truss Texas, Inc.
    • Builders FirstSource, Inc.
    • $150.00
    • Bio Lab Naturals, Inc.
    • Limitless X Holdings Inc.
    • $135.68
    • Scientific Design Company, Inc.
    • Saudi Basic Industries Corporation
    • $130.00
    • Flexible Packaging Joint Venture of Greif, Inc.
    • Gulf Refined Packaging
    • $123.00
    • Certain Assets of Plateplus, Inc.
    • Friedman Industries, Incorporated
    • $68.58
    • Cisco Air Systems, Inc.
    • DXP Enterprises, Inc.
    • $45.00
    • Chromatography Research Supplies, Inc.
    • Trajan Group Holdings Limited
    • $43.30
    • CCOM Group, Inc.
    • Daikin Comfort Technologies North America, Inc.
    • $34.79

     

    Source S&P Capital IQ as of 7/11/2022 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. Wolfe, Jan "Supreme Court Puts Brakes on EPA in Far-Reaching Decision" WSJ, 30 June 2022.
    2. Abdel-Baqui, Omar "Gasoline Prices Reach $5 a Gallon Nationwide for the First Time" WSJ, 11 June, 2022.
    3. "US Retail Gas Price", Y Charts, 27 June, 2022.
    4. Ramkumar, Amrith "Mining Firms’ Cautious Spending Threatens Shift to Green Energy" WSJ, 19 June, 2022.
    5. "CECO Environmental Expands Industrial Air Offering with UK-Based Acquisition", Markets Insider, 27 June 2022.

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