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    Diversified Industrials Q3 2020

    Q3-2020-Diversified-Industrials

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Substantially All Assets of Briggs & Stratton Corporation
    • KPS Capital Partners, LP
    • $550.00
    • Georgia Biomass Holding LLC
    • Enviva Partners, LP
    • $175.00
    • 3C Packaging, Inc.
    • Essentra plc
    • $65.00
    • Inland Plywood Company
    • Patrick Industries, Inc.
    • $46.00
    • Portfolio of businesses and assets of TexInnovate, Inc.
    • Ecofibre Limited
    • $42.23
    • Partsmaster, Inc.
    • Lawson Products, Inc.
    • $35.30
    • Substantially all assets of American Development Corporation of Tennessee, Inc.
    • Hawkins, Inc.
    • $25.00
    • HILO Equipment & Services, LLC
    • Alta Equipment Group, Inc.
    • $17.33
    • Operating Assets of T&R Lumber Company, Sullivan & Mann and Kelmar Creations
    • UFP Industries, Inc.
    • $17.00
    • Switchback Group, Inc.
    • Mpac Group plc
    • $15.00

     

    Source S&P Capital IQ as of 10/14/2020 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. “US Industrial Production Growth Slows, up 0.4% in August,” Associated Press, US News, September 15, 2020.
    2. “The S&P 500’s Hottest Sector: Material,” Paul Vigna, The Wall Street Journal, September 20, 2020.
    3. “Cleveland-Cliffs to Buy ArcelorMittal USA for $1.4 Billion,” Mark Bergen, Eddie Spence, and Joe Deaux, Bloomberg, September 28, 2020.
    4. “Coronavirus is Causing a Can Shortage,” Saabira Chaudhuri, The Wall Street Journal, August 25, 2020.
    5. “New Jersey Passes Sweeping Bill Limiting Carryout Bags, Polystyrene, Foam and Straws,” Cole Rosengren, Waste Dive, September 25, 2020.

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