Manufacturing Report Q2 2017 - SDR Ventures...RPC Group Plc 4/17/2017 Synergy Packaging Pty Ltd...

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Transcript of Manufacturing Report Q2 2017 - SDR Ventures...RPC Group Plc 4/17/2017 Synergy Packaging Pty Ltd...

Page 3: Manufacturing Report Q2 2017 - SDR Ventures...RPC Group Plc 4/17/2017 Synergy Packaging Pty Ltd (Australia) 4/12/2017 Amber Plastics Pty Ltd (Australia) 2/9/2017 Letica Corp. 12/15/2016

Strategic

83%

Financial17%

20 23

101

44 62

40

- 20 40 60 80

100 120

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA6/30/2017 Hudson Products Corp. Chart Industries, Inc. Industrial $410.00 - -

5/4/2017 Thinklogical LLC Belden, Inc. Durable Consumer 160.00 3.14x 9.41x

6/30/2017 Universal Stainless & Alloy Products, Inc. Synalloy Corp. Industrial 208.80 - 14.03x

6/28/2017 Milestone AV Technologies, Inc. Legrand North America LLC Durable Consumer 950.00 - -

6/28/2017 The Spectranetics Corp. Royal Philips NV Medical 1,956.35 7.05x -

6/26/2017 Bluegrass Materials Co. LLC Martin Marietta Materials, Inc. Building Products 1,625.00 - -

6/24/2017 Sparton Corp. Ultra Electronics Holdings Plc Industrial 318.82 0.80x 13.99x

6/5/2017 Forestar Group, Inc. D.R. Horton, Inc. Industrial 557.30 3.14x -

5/22/2017 Huntsman Corp. Clariant AG Industrial 10,347.40 1.06x 9.50x

4/23/2017 C.R. Bard, Inc. Becton, Dickinson & Co. Medical 23,645.22 - -

4/20/2017 Cryogenic Industries, Inc. (4 Subsidiaries) Nikkiso America, Inc. Durable Consumer 438.00 2.81x 33.69x

Strategic

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Strategic Buyer Inv. Date Select Corporate Acquisitions

Patrick Industries, Inc. 5/1/2017 ▪ Leisure Product Enterprises LLC

3/20/2017 ▪ Medallion Plastics, Inc

12/5/2016 ▪ KRA International LLC

12/5/2016 ▪ Sigma Wire International LLC

8/1/2016 ▪ BH Electronics, Inc.

Merit Medical Systems, Inc. (NasdaqGS: MMSI) 2/6/2017 ▪ Argon Medical Devices, Inc. (Critical Care Business)

2/6/2017 ▪ Catheter Connections, Inc. (Certain Assets)

7/6/2016 ▪ DFINE, Inc.

2/3/2016 ▪ Cryolife, Inc. (Hero Graft Brand)

RPC Group Plc 4/17/2017 ▪ Synergy Packaging Pty Ltd (Australia)

4/12/2017 ▪ Amber Plastics Pty Ltd (Australia)

2/9/2017 ▪ Letica Corp.

12/15/2016 ▪ ESE World BV (South Africa)

12/15/2016 ▪ AstraPak Ltd. (Netherlands)

Pro Mach, Inc. 9/28/2016 ▪ Pacific Packaging Machinery Inc.

8/2/2016 ▪ Zarpac, Inc. (nka:Pro Mach Integrated Solutions Group)

5/2/2016 ▪ NJM Packaging

2/15/2016 ▪ Stork Fabricators, Inc.

IPG Photonics Corp. (NasdaqGS: IPGP) 6/19/2017 ▪ Innovative Laser Technologies, Inc.

5/23/2017 ▪ OptiGrate Corp.

5/9/2016 ▪ Menara Networks, Inc.

WestRock Company (NYSE: WRK) 6/21/2017 ▪ Combined Container Industries LLC

5/24/2017 ▪ US Corrugated Inc (5 Corrugated Converting Facilities)

4/26/2017 ▪ Star Pizza Box, Inc.

1/24/2017 ▪ Multi Packaging Solutions International Limited

Financial Sponsor Inv. Date Select Corporate AcquisitionsAudax Private Equity 4/26/2017 ▪ Western Marketing, Inc.

4/11/2017 ▪ Parlec, Inc. (Tooling Division)

4/4/2017 ▪ AFI Shareholder LLC

2/6/2017 ▪ MinusNine Technologies, Inc.

12/1/2016 ▪ Trostel Ltd.

LFM Capital LLC 2/15/2017 ▪ Heartland Steel Products LLC

1/17/2017 ▪ EDSCO Fasteners, Inc.

8/18/2016 ▪ Vektek, Inc.

8/9/2016 ▪ Auto Craft Tool & Die Co, Inc.

8/9/2016 ▪ 3 D Sales, Inc.

The Sterling Group LP 2/3/2017 ▪ Time Manufacturing Co.

2/1/2017 ▪ Tie Down Engineering Inc (Axle Brake & Actuation Business)

1/13/2017 ▪ Randall Manufacturing LLC

11/3/2016 ▪ Poolpak Technologies Corp.

Kohlberg & Co. LLC 5/26/2017 ▪ Newell Brands, Inc. (Winter Sports Business)

4/13/2017 ▪ Spinal Elements, Inc. (Add-On to Amendia, Inc.)

2/27/2017 ▪ Pexco LLC (Add-On to PPC Industries, Inc.)

5/3/2016 ▪ Amendia, Inc.

Speyside Equity LLC 5/17/2017 ▪ Avon Gear Co.

5/6/2017 ▪ West Coast Stainless Products

5/6/2017 ▪ Dynatek Machine, Inc.

5/1/2017 ▪ Ashland Foundry & Machine Works LLC

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Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

The Boeing Co. BA 119,358$ 197.75$ 11.1% 27.0% 96.8% (0.2%) 11.5% 1.3x 15.7x 24.4x 1.3x 11.0xHoneywell International, Inc. HON 101,612 133.29 6.3% 15.1% 98.1% 2.1% 23.0% 2.8x 12.7x 21.0x 2.7x 12.3xAirbus Group SE AIR-FR 63,599 82.12 0.5% 14.6% 95.5% 5.0% 5.0% 0.8x 23.7x 48.1x 0.8x 7.7xGeneral Dynamics Corp. GD 59,764 198.10 4.9% 14.7% 96.6% 3.7% 15.4% 2.0x 13.0x 20.4x 1.9x 13.0xMohawk Industries, Inc. MHK 17,962 241.69 5.6% 21.0% 97.4% 7.6% 17.3% 2.3x 11.2x 18.8x 2.1x 10.7xTransDigm Group, Inc. TDG 13,988 268.87 22.2% 8.0% 91.3% 10.3% 46.5% 7.2x 15.8x 30.5x 6.8x 14.0xTextron, Inc. TXT 12,608 47.10 -0.5% -3.0% 92.5% 7.8% 9.9% 1.1x 10.1x 14.1x 1.1x 9.8xSpirit AeroSystems Holdings, Inc. SPR 6,989 57.94 -1.7% -0.7% 92.1% 2.2% 16.3% 1.1x 8.2x 16.2x 1.1x 6.7xHEICO Corp. HEI 5,563 71.84 2.9% 16.4% 95.6% 10.1% 25.1% 4.7x 19.1x 35.8x 4.4x 17.9xBombardier, Inc. BBD.B-CA 4,095 1.82 12.9% 9.3% 86.0% 8.5% 5.1% 0.8x 18.4x NM 0.7x 10.6xCurtiss-Wright Corp. CW 4,061 91.78 0.4% -6.7% 85.3% 5.0% 14.7% 2.2x 11.8x 22.0x 2.2x 10.8xEsterline Technologies Corp. ESL 2,823 94.80 10.5% 6.3% 92.3% 2.3% 13.8% 1.7x 10.8x 21.2x 1.6x 10.0xRBC Bearings, Inc. ROLL 2,451 101.76 6.0% 9.6% 93.9% 8.6% 25.9% 4.4x 18.1x 34.3x 4.0x 15.1xTriumph Group, Inc. TGI 1,568 31.60 24.4% 19.2% 79.2% (6.4%) 19.7% 0.8x 6.1x NM 0.8x 6.2xAerojet Rocketdyne Holdings, Inc. AJRD 1,551 20.80 -3.3% 15.9% 89.4% 6.2% 8.1% 1.0x 11.2x 77.0x 0.9x 7.7xDucommun, Inc. DCO 356 31.58 10.2% 23.6% 88.8% 5.4% 7.3% 0.9x 10.0x 26.1x 0.9x 8.7xSegment Average 4.9% 16.5% 2.2x 13.5x 29.3x 2.1x 10.8xSegment Median 5.2% 15.0% 1.5x 12.3x 23.2x 1.5x 10.7x

Market Stats Operating Stats LTM Multiples NTM Multiples

-10%

-5%

0%

5%

10%

15%

20%

Aerospace & Defense Building Products Durable Consumer

Non-Durable Consumer Industrial Medical

S&P 500

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Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Mohawk Industries, Inc. MHK 17,962$ 241.69$ 5.6% 21.0% 97.4% 7.6% 17.3% 2.3x 11.2x 18.8x 2.1x 10.7xUSG Corp. USG 4,231 29.02 -8.9% 0.5% 83.7% 6.4% 16.3% 1.5x 9.6x 19.7x 1.5x 7.5xArmstrong World Industries, Inc. AWI 2,447 46.00 1.8% 10.0% 95.8% 6.6% 20.1% 2.6x 13.8x 20.6x 2.5x 9.1xBuilders FirstSource, Inc. BLDR 1,721 15.32 3.2% 39.7% 92.8% 10.1% 4.2% 0.6x 10.2x 10.6x 0.5x 7.7xApogee Enterprises, Inc. APOG 1,636 56.84 -4.1% 6.1% 93.2% 28.9% 13.0% 1.5x 10.6x 19.5x 1.1x 7.5xAmerican Woodmark Corp. AMWD 1,558 95.55 5.9% 27.0% 96.4% 9.4% 12.1% 1.3x 10.7x 22.0x 1.2x 9.4xGibraltar Industries, Inc. ROCK 1,126 35.65 -13.3% -14.4% 74.2% 2.4% 8.8% 1.2x 9.9x 40.1x 1.2x 9.4xAdvanced Drainage Systems, Inc. WMS 1,118 20.10 -6.1% -2.4% 70.6% 5.3% 0.1% 1.5x 11.9x 40.2x 1.4x 8.8xContinental Building Products, Inc. CBPX 922 23.30 -5.5% 0.9% 87.8% 11.0% 27.3% 2.4x 8.5x 21.4x 2.2x 7.9xInsteel Industries, Inc. IIIN 627 32.97 -8.6% -7.5% 77.0% 16.5% 13.8% 1.4x 8.7x 17.9x 1.2x 7.0xArmstrong Flooring, Inc. AFI 497 17.97 -2.0% NA 78.3% 2.9% 2.5% 0.5x 8.1x 125.1x 0.5x 6.5xSegment Average 9.7% 12.3% 1.5x 10.3x 32.3x 1.4x 8.3xSegment Median 8.0% 12.6% 1.4x 10.1x 21.0x 1.2x 7.8x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

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Est.

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Growth

EBITDA

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TEV/

Rev

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Price/

EPS

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NTM

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NTM

EBITDA

Newell Brands, Inc. NWL 25,904$ 53.62$ 13.2% 20.1% 96.7% (2.5%) 10.7% 2.4x 19.9x 22.2x 2.5x 12.1xWhirlpool Corp. WHR 14,174 191.62 12.6% 5.4% 94.4% 5.0% 9.7% 0.9x 9.6x 16.5x 0.9x 7.7xHanesbrands, Inc. HBI 8,434 23.16 11.8% 7.4% 82.0% 5.0% 14.1% 2.0x 11.8x 16.8x 1.9x 11.3xGildan Activewear, Inc. GIL 6,908 30.73 14.5% 21.1% 95.4% 8.1% 21.1% 2.9x 13.8x 19.6x 2.7x 13.0xBrunswick Corp. BC 5,602 62.73 2.5% 15.0% 98.3% 8.4% 11.6% 1.3x 10.7x 20.8x 1.2x 8.4xTupperware Brands Corp. TUP 3,562 70.23 12.1% 33.5% 94.4% 3.7% 16.4% 1.9x 11.0x 15.7x 1.8x 9.8xLa-Z-Boy, Inc. LZB 1,570 32.50 19.5% 4.7% 98.8% 5.3% 12.3% 0.9x 8.7x 18.8x 0.9x 8.5xG-III Apparel Group Ltd. GIII 1,214 24.95 15.0% -15.6% 48.2% 15.9% 0.8% 0.7x 12.0x 30.1x 0.6x 8.5xJohnson Outdoors, Inc. JOUT 423 48.21 33.9% 21.5% 96.9% 6.6% 15.8% 1.0x 9.4x 21.3x 0.9x 8.4xFlexsteel Industries, Inc. FLXS 423 54.11 10.3% -12.3% 85.9% NM 10.7% 0.8x 8.4x 17.7x NM NMCulp, Inc. CFI 402 32.50 3.0% -12.5% 86.0% 3.0% 11.7% 1.2x 10.1x 18.3x 1.2x 9.2xCSS Industries, Inc. CSS 238 26.16 3.7% -3.4% 89.7% NM (6.7%) 0.5x 6.4x 8.4x NM NMBlack Diamond, Inc. BDE 200 6.65 20.9% 24.3% 93.7% 5.8% 0.7% 0.8x NM NM 0.8x 21.0xEscalade, Inc. ESCA 188 13.10 1.9% -0.8% 89.1% 5.3% 9.4% 1.3x 10.0x 16.7x 1.2x 9.6xDelta Apparel, Inc. DLA 168 22.18 29.7% 7.0% 86.9% (7.5%) 8.1% 0.6x 10.1x 20.2x 0.7x 7.5xSegment Average 4.8% 9.8% 1.3x 10.9x 18.8x 1.3x 10.4xSegment Median 5.3% 10.7% 1.0x 10.1x 18.5x 1.2x 9.2x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

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NTM

EBITDA

Colgate-Palmolive Co. CL 65,479$ 74.13$ 1.2% 13.3% 95.9% 4.3% 27.9% 4.7x 16.0x 26.8x 4.5x 15.3xGeneral Mills, Inc. GIS 31,971 55.40 -6.2% -10.3% 75.9% (1.9%) 20.7% 2.7x 12.2x 20.0x 2.8x 12.5xThe Clorox Co. CLX 17,161 133.24 -1.5% 11.0% 94.0% 3.9% 19.8% 3.2x 15.5x 26.4x 3.2x 14.4xCampbell Soup Co. CPB 15,805 52.15 -8.7% -13.8% 76.8% 0.6% 21.0% 2.4x 13.5x 32.8x 2.4x 10.5xCoty, Inc. COTY 14,026 18.76 3.0% 2.5% 62.3% 34.4% 14.4% 3.2x 21.3x NM 2.4x 13.5xChurch & Dwight Co., Inc. CHD 12,931 51.88 3.7% 17.4% 95.8% 4.5% 26.1% 4.0x 16.4x 28.3x 4.0x 16.2xEdgewell Personal Care Co. EPC 4,365 76.02 3.4% 4.2% 86.4% 0.4% 21.2% 2.4x 12.7x 23.6x 2.4x 12.0xAvon Products, Inc. AVP 1,671 3.80 -13.0% -24.6% 54.6% 1.6% 5.7% 0.6x 6.4x NM 0.6x 6.7xInter Parfums, Inc. IPAR 1,142 36.65 -0.5% 11.9% 87.9% 5.5% 20.1% 2.0x 12.8x 29.1x 1.9x 12.2xSegment Average 5.9% 19.6% 2.8x 14.1x 26.7x 2.7x 12.6xSegment Median 3.9% 20.7% 2.7x 13.5x 26.8x 2.4x 12.5x

Market Stats Operating Stats LTM Multiples NTM Multiples

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Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

United Technologies Corp. UTX 97,838$ 122.11$ 8.6% 11.4% 99.2% 4.6% 16.3% 2.0x 12.2x 19.0x 1.9x 10.8xIllinois Tool Works, Inc. ITW 49,486 143.25 8.0% 17.0% 95.3% 4.1% 26.6% 4.0x 15.2x 24.1x 3.9x 14.1xEaton Corp. Plc ETN 34,813 77.83 4.9% 16.0% 98.1% 2.8% 15.7% 2.2x 12.6x 18.1x 2.1x 12.1xIngersoll-Rand Plc IR 23,398 91.39 13.0% 21.8% 98.1% 3.9% 11.2% 1.9x 13.2x 16.4x 1.9x 12.3xParker-Hannifin Corp. PH 21,285 159.82 -0.1% 14.2% 95.9% 18.1% 14.3% 2.3x 16.1x 23.3x 2.0x 11.8xRockwell Automation, Inc. ROK 20,866 161.96 4.2% 20.5% 97.9% 7.1% 18.4% 3.3x 16.8x 27.0x 3.1x 14.1xHubbell, Inc. HUBB 6,229 113.17 -6.0% -3.0% 89.9% 5.0% 15.7% 1.9x 11.2x 21.4x 1.9x 11.3xColfax Corp. CFX 4,842 39.37 0.2% 9.6% 93.8% 3.0% 12.4% 1.7x 13.6x 33.6x 1.6x 11.9xCrane Co. CR 4,724 79.38 6.6% 10.1% 96.4% 1.1% 16.9% 1.8x 10.4x 36.2x 1.8x 9.7xBarnes Group, Inc. B 3,144 58.53 14.6% 23.4% 96.4% 6.7% 22.6% 2.8x 12.1x 22.1x 2.6x 11.5xAlbany International Corp. AIN 1,543 53.40 16.1% 15.3% 99.6% 5.1% 21.4% 2.5x 11.6x 34.2x 2.4x NMEnPro Industries, Inc. NPO 1,524 71.37 2.4% 6.0% 95.3% 3.5% 14.2% 1.9x 13.7x 122.3x 1.8x 11.6xActuant Corp. ATU 1,468 24.60 -5.2% -5.2% 82.6% 4.7% 13.0% 1.7x 21.7x 29.3x 1.7x 13.2xChart Industries, Inc. GTLS 1,067 34.73 -0.2% -3.6% 85.0% 7.0% 6.9% 1.2x 10.0x 35.8x 1.1x 11.8xColumbus McKinnon Corp. CMCO 574 25.42 1.9% -6.0% 85.7% 25.5% 2.9% 1.4x 17.2x 59.1x 1.1x 8.3xSegment Average 6.8% 15.2% 2.2x 13.8x 34.8x 2.1x 11.7xSegment Median 4.7% 15.7% 1.9x 13.2x 27.0x 1.9x 11.8x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

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NTM

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NTM

EBITDA

Medtronic Plc MDT 120,614$ 88.75$ 9.6% 24.6% 98.9% 4.8% 33.1% 4.7x 15.7x 30.7x 4.6x 14.3xDentsply Sirona, Inc. XRAY 14,863 64.84 3.5% 12.3% 98.7% 6.0% 18.1% 4.1x 20.4x 43.2x 4.0x 16.1xHologic, Inc. HOLX 12,707 45.38 6.3% 13.1% 97.0% 13.7% 30.1% 5.1x 14.8x 16.3x 4.6x 13.7xInteger Holdings Corp. ITGR 1,354 43.25 8.1% 46.9% 97.8% 2.7% 17.2% 2.1x 11.2x 94.0x 2.1x 10.3xABAXIS, Inc. ABAX 1,201 53.02 9.7% 0.5% 94.8% 9.6% 22.6% 4.7x 20.4x 36.9x 4.3x 20.8xAnalogic Corp. ALOG 906 72.65 -3.9% -12.4% 75.8% (8.0%) 11.9% 1.5x 11.5x NM 1.6x 10.7xAngioDynamics, Inc. ANGO 596 16.21 -7.8% -3.9% 89.2% 2.1% 12.0% 1.8x 12.8x 85.3x 1.8x 12.4xMisonix, Inc. MSON 86 9.55 -18.7% -8.6% 79.6% NM (16.6%) 2.9x NM NM NM NMAmedica Corp. AMDA 14 0.38 -7.6% -39.9% 27.1% NM NM 1.2x NM NM 0.6x NMAllied Healthcare Products, Inc. AHPI 12 2.89 46.7% 44.4% 75.7% NM (1.4%) 0.3x NM NM NM NMSegment Average 4.4% 14.1% 2.8x 15.3x 51.1x 2.9x 14.0xSegment Median 4.8% 17.2% 2.5x 14.8x 40.1x 3.0x 13.7x

Market Stats Operating Stats LTM Multiples NTM Multiples

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA6/30/2017 CVP Systems, Inc. The Middleby Corp. Industrial - - -

6/30/2017 Hudson Products Corp. Chart Industries, Inc. Industrial 410.00 - -

6/30/2017 IriSys, LLC EPS Americas Corp. Medical 19.00 2.47x -

6/30/2017 Universal Stainless & Alloy Products, Inc. Synalloy Corp. Industrial 208.80 - 14.03x

6/29/2017 ACT Independent Turbo Services, Inc. Doosan Heavy Industries &

Construction Co., Ltd.

Industrial - - -

6/29/2017 RHT, Inc. Jacuzzi Brands Corp. Building Products - - -

6/29/2017 Senco Brands, Inc. Kyocera Corp. Durable Consumer - - -

6/28/2017 Cobalt Boats LLC Malibu Boats, Inc. Durable Consumer 130.00 0.93x -

6/28/2017 Ingenuity Sun Media LLC Customer Mobile Building Products - - -

6/28/2017 Ironclad Performance Wear Corp. Safety Supply Corp. Durable Consumer 27.75 1.14x -

6/28/2017 Milestone AV Technologies, Inc. Legrand North America LLC Durable Consumer 950.00 - -

6/28/2017 The Spectranetics Corp. Royal Philips NV Medical 1,956.35 7.05x -

6/27/2017 Innovative Surgical Solutions LLC Codman & Shurtleff, Inc.; DePuy

Synthes Products, Inc.

Medical - - -

6/27/2017 Jet Edge, Inc. Spell Capital Partners LLC Industrial - - -

6/27/2017 ProPlas Technologies Comar, Inc. Industrial - - -

6/27/2017 SawStop LLC TTS Tooltechnic Systems AG & Co. Industrial - - -

6/27/2017 Terrafugia, Inc. Zhejiang Geely Automobile Co., Ltd. Aerospace & Defense - - -

6/26/2017 Bluegrass Materials Co. LLC Martin Marietta Materials, Inc. Building Products 1,625.00 - -

6/26/2017 Clear Lam Packaging, Inc. Sonoco Flexible Packaging Co., Inc. Non-Durable Consumer 170.00 - -

6/24/2017 Sparton Corp. Ultra Electronics Holdings Plc Industrial 318.82 0.80x 13.99x

6/22/2017 Am General LLC (Commercial Assembly Plant) SF Motors, Inc. Durable Consumer - - -

6/22/2017 Electrical Geodesics, Inc. Philips Holding USA, Inc. Medical 37.33 - -

6/22/2017 Intelligent Lighting Corp. AV1 Group, Inc. Building Products - - -

6/22/2017 Nor-Cal Products, Inc. Pfeiffer Vacuum, Inc. Industrial 68.00 - -

6/22/2017 Nova Lifestyle, Inc. Nova Lifestyle, Inc. Durable Consumer 38.02 - -

6/21/2017 CG Power Systems USA, Inc. WEG Electric Corp. Durable Consumer 37.00 - -

6/21/2017 Combined Container Industries LLC WestRock Co. Non-Durable Consumer - - -

6/21/2017 Island Container Corp. WestRock Co. Industrial - - -

6/21/2017 Ritedose Holdings, Inc. Humanwell Healthcare USA LLC; Agic-

Humanwell Blue Ridge (US) Ltd.

Industrial 605.00 - -

6/21/2017 Russell Sigler, Inc. Carrier Enterprise LLC Durable Consumer 181.71 - -

6/20/2017 California Medical Innovations LLC Morgenthaler Management Corp.;

Polytek Development Corp.

Industrial - - -

6/20/2017 LAM International Corp. Certis USA LLC Non-Durable Consumer 17.90 - -

6/20/2017 Premier Oilfield Equipment Co. Kaiser AG Industrial - - -

6/20/2017 Space-Lok, Inc. Novaria Group LLC Aerospace & Defense - - -

6/20/2017 WirePath Home Systems LLC Hellman & Friedman LLC Non-Durable Consumer - - -

6/19/2017 Hayward Industries, Inc. MSD Partners LP Industrial - - -

6/19/2017 Houzer, Inc. Hamat Group Ltd. Durable Consumer - - -

6/19/2017 InfuSystem Holdings, Inc. 22NW Fund LP Medical 80.53 1.15x 7.47x

6/19/2017 Innovative Laser Technologies, Inc. IPG Photonics Corp. Industrial 40.00 1.82x -

6/19/2017 Integrated Photonics, Inc. II-VI, Inc. Medical 47.50 - -

6/19/2017 Kracor, Inc. Yamaha Motor Corp. USA Industrial - - -

6/19/2017 MBA Polymers, Inc. Elephant Equity GmbH Industrial - - -

6/19/2017 Mesa Compression LLC Enerflex Energy Systems, Inc. Industrial 106.00 5.46x -

6/19/2017 Robert Rothschild Farm LLC Glencoe Capital LLC Non-Durable Consumer - - -

6/16/2017 Dispensing Dynamics International, Inc. Hunter Industries, Inc. Durable Consumer - - -

6/16/2017 Duravant LLC Warburg Pincus LLC Durable Consumer - - -

6/16/2017 Reelcraft Industries, Inc. Madison Industries, Inc. Durable Consumer 115.00 - -

6/14/2017 Agilex Flavors & Fragrances, Inc. Firmenich SA Non-Durable Consumer - - -

6/14/2017 InterValve, Inc. Venus Medtech Hangzhou, Inc. Medical - - -

6/13/2017 Carton Craft Corp. Graphic Packaging International, Inc. Non-Durable Consumer - - -

6/13/2017 Circuits LLC Compunetics, Inc. Industrial - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA6/13/2017 Commercial Metals Co. (CMC Cometals Division) Traxys SARL Durable Consumer - - -

6/13/2017 Lithocraft, Inc. Graphic Packaging International, Inc. Non-Durable Consumer - - -

6/13/2017 Stewart & Stevenson LLC Kirby Corp. Industrial 710.00 - -

6/12/2017 Campbell Mattress Co. Mattress Direct, Inc. Durable Consumer - - -

6/12/2017 Conexant Systems LLC Synaptics, Inc. Durable Consumer 343.35 3.30x -

6/12/2017 inthinc, Inc. ORBCOMM, Inc. Aerospace & Defense 60.07 - -

6/12/2017 Marvell Technology Group Ltd. (Multimedia Solutions

Business)

Synaptics, Inc. Durable Consumer 95.00 - -

6/12/2017 Miramar Labs, Inc. Sientra, Inc. Medical 17.26 0.84x -1.56x

6/9/2017 Alphabet, Inc. (2 Subsidiaries) SoftBank Group Corp. Durable Consumer - - -

6/9/2017 Pacific Coast Feather Co. Hollander Sleep Products LLC; Stellus

Capital Management LLC

Durable Consumer - - -

6/9/2017 Ricerca Biosciences LLC (Chemical Division) Fidia Farmaceutici SpA; Olon SpA Industrial - - -

6/9/2017 Solos Endoscopy, Inc. American Medical Group LLC Medical - - -

6/8/2017 Cyclo Industries LLC Highlander Partners LP; Niteo Products

LLC

Durable Consumer - - -

6/8/2017 Rutland Plastic Technologies, Inc. PolyOne Corp. Durable Consumer - - -

6/7/2017 Fore Machine Co., Inc. P4G Capital Management LLC Aerospace & Defense - - -

6/7/2017 General Machine Products Co., Inc. Klein Tools, Inc. Industrial - - -

6/7/2017 Key Surgical, Inc. Interlock Medizintechnik GmbH Medical - - -

6/7/2017 Melissa & Doug LLC AEA Investors LP Non-Durable Consumer - - -

6/7/2017 Rotary Compression Technologies, Inc. Gardner Denver Holdings, Inc. Industrial 20.00 - -

6/7/2017 The Marwin Co., Inc. Validor Capital; Tecum Capital

Management; The Marwin Co.

Building Products - - -

6/6/2017 Halo Industries, Inc. Elite Aerospace Group, Inc. Aerospace & Defense - - -

6/6/2017 Led Engin, Inc. OSRAM Licht AG Durable Consumer - - -

6/5/2017 Crosman Corp. Compass Group Management LLC;

Crosman Corp. (Managegement)

Durable Consumer 152.00 - -

6/5/2017 Focus SUP Hawaii, Inc. Darton Ltd. Durable Consumer - - -

6/5/2017 Forestar Group, Inc. D.R. Horton, Inc. Industrial 557.30 3.14x -

6/5/2017 Packaging Products Corp. LLC Metalmark Management LLC; Fisher

Container Corp.

Non-Durable Consumer - - -

6/5/2017 Weyerhaeuser Co. (Timberlands & Manufacturing

Business)

Btg Pactual Timberland Investment

Group LLC

Industrial 402.50 - -

6/2/2017 AMTROL, Inc. Worthington Industries, Inc. Industrial 283.00 - -

6/2/2017 Graco Supply Co. (Ball Ground Aircraft Business) American Securities LLC; Royal

Adhesives & Sealants LLC

Aerospace & Defense - - -

6/2/2017 Grow-Tech LLC BC Partners Ltd.; DNA Green Group BV Industrial - - -

6/2/2017 Innovative Food Processors, Inc. Balchem Corp. Non-Durable Consumer - - -

6/2/2017 Martin Ray Laundry Systems, Inc. EnviroStar, Inc. Industrial 3.98 0.35x -

6/1/2017 BCI Burke Co., LLC The Halifax Group LLC; BCI Burke Co.

LLC(Private Group)

Durable Consumer - - -

6/1/2017 Qualiseal Technology, Inc. EnPro Industries, Inc. Aerospace & Defense - - -

6/1/2017 Smiths Group Plc (Global Explosive Trace Detection

Business)

OSI Systems, Inc. Aerospace & Defense 75.50 - -

5/31/2017 Gehl Foods LLC (West Bend Bottle Plant) ALPLA Werke Alwin Lehner GmbH &

Co. KG

Non-Durable Consumer 5.43 - -

5/31/2017 Imperial Packaging, Inc. SFBC LLC Non-Durable Consumer - - -

5/31/2017 Paperchine, Inc. Andritz Pulp & Paper GmbH Non-Durable Consumer - - -

5/31/2017 Polarean, Inc. Amphion Innovations Plc Medical - - -

5/31/2017 Summit Manufacturing, Inc. Array Canada, Inc. Durable Consumer - - -

5/30/2017 Aquion Energy, Inc. Bluesky Energy Pty Ltd. Durable Consumer - - -

5/30/2017 DexKo Global, Inc. KPS Capital Partners LP Durable Consumer - - -

5/27/2017 Ctrl Me Robotics LLC Snap, Inc. Aerospace & Defense 1.00 - -

5/26/2017 Chromalox, Inc. Spirax-Sarco Engineering Plc Building Products 415.00 - -

5/26/2017 Katy Industries, Inc. Highview Capital LLC; Jansan

Acquisition LLC

Non-Durable Consumer - - -

5/26/2017 Newell Brands, Inc. (Winter Sports Business) Kohlberg & Co. LLC Durable Consumer 240.00 0.73x -

5/26/2017 PPG Industries Fiber Glass Products, Inc. Nippon Electric Glass America, Inc. Industrial 545.00 - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA5/25/2017 Aggregates USA LLC Vulcan Materials Co. Building Products 900.00 - -

5/25/2017 Sherwood Bedding Group LLC Steinhoff International Holdings NV Durable Consumer - - -

5/24/2017 Ameritherm, Inc. inTEST Corp. Industrial 40.00 - -

5/24/2017 CEC Controls Co., Inc. John Wood Group Plc Industrial 59.00 - 6.15x

5/24/2017 Century Corrugated Container, Inc. Corrugated Specialties, Inc. Non-Durable Consumer - - -

5/24/2017 Graymont Materials (NY), Inc. Upstone Materials, Inc. Building Products - - -

5/24/2017 US Corrugated Inc (5 Corrugated Converting Facilities) WestRock Co. Non-Durable Consumer 192.00 - -

5/23/2017 OptiGrate Corp. IPG Photonics Corp. Industrial - - -

5/22/2017 Bestworth-Rommel, Inc. OneAccord Capital LLC Building Products - - -

5/22/2017 Doskocil Manufacturing Co., Inc. Olympus Advisors LLC Durable Consumer - - -

5/22/2017 Huntsman Corp. Clariant AG Industrial 10,347.40 1.06x 9.50x

5/22/2017 Other Machine Co. Other Machine Co. (Pettis) Durable Consumer - - -

5/22/2017 Respiratory Technologies, Inc. Royal Philips NV Medical - - -

5/19/2017 CGM, Inc. (CMP Specialty Products Division) Bostik, Inc. Building Products - - -

5/19/2017 eLux, Inc. Hon Hai Precision Industry Co.; Sharp

Corp.; and Others

Durable Consumer 10.00 - -

5/19/2017 Northwire, Inc. Joule Assets, Inc. Durable Consumer - - -

5/19/2017 Sailor Automation, Inc. Meijibussan Co. Ltd. Industrial - - -

5/19/2017 Storage Battery Systems LLC High Road Capital Partners LLC Durable Consumer - - -

5/18/2017 Aavid Thermalloy LLC LTI Flexible Products, Inc.; Genstar

Capital LLC

Durable Consumer - - -

5/18/2017 Simonds International Corp. Scies B.G.R., Inc. Durable Consumer - - -

5/17/2017 Avon Gear Co. Speyside Equity LLC Industrial - - -

5/17/2017 Bretford Manufacturing, Inc. (Motiv & Emoji Brands) Paragon Furniture LP Durable Consumer - - -

5/17/2017 Charter NEX Films, Inc. Leonard Green & Partners LP Industrial 1,500.00 - -

5/17/2017 Lehrer Brillenperfektion Werks, Inc. (Cases &

Accessories Division)

Blue Point Capital Partners LLC; The

Hilsinger Co.; NB Alternatives Advisers

LLC

Non-Durable Consumer - - -

5/17/2017 Third Estate LLC Third Estate LLC Non-Durable Consumer - - -

5/17/2017 Uncle Milton Industries, Inc. The Bridge Direct, Inc. Durable Consumer - - -

5/16/2017 Rapid Pathogen Screening, Inc. (Inflammadry &

Adenoplus)

Quidel Corp. Medical 14.00 - -

5/16/2017 Sign-Zone LLC Pfingsten Partners LLC Durable Consumer - - -

5/15/2017 Greensmith Energy Management Systems, Inc. Wärtsilä Oyj Abp Durable Consumer - - -

5/15/2017 Haydale Technologies, Inc. Haydale Graphene Industries Plc Medical 3.80 - -

5/15/2017 Pittsburgh Corning Corp. Owens Corning Industrial 560.00 - -

5/15/2017 Repeat Precision LLC NCS Multistage Holdings, Inc. Industrial 25.80 - -

5/15/2017 Werner Co. Triton Advisers (UK) Ltd. Building Products - - -

5/12/2017 Apollo Video Technology LLC Luminator Technology Group LLC Durable Consumer - - -

5/12/2017 Oracle Elevator Co. Longview Asset Management; L

Squared Capital Partners

Building Products - - -

5/11/2017 Bentec Medical, Inc. Hermitage Equity Partners, LLC Medical - - -

5/11/2017 Cutting Edge Texstyles LLC Brand & Oppenheimer Co., Inc. Non-Durable Consumer - - -

5/11/2017 Solesbee's Equipment & Attachments LLC Lifco AB Industrial - - -

5/11/2017 Toshiba Corp. (UC Assets) Mitel Networks Corp. Durable Consumer - - -

5/11/2017 Zevacor Pharma, Inc. Sofie Biosciences, Inc. Medical - - -

5/10/2017 AFCO Systems, Inc. Legrand North America LLC Building Products - - -

5/10/2017 Maryland Aerospace, Inc. Adcole Corp. Aerospace & Defense - - -

5/10/2017 Pearlman Enterprises, Inc. The Stephens Group LLC Industrial 150.00 - -

5/9/2017 Dermatology Consultants of Broward GTCR LLC Medical - - -

5/9/2017 Medicametrix, Inc. Cardiff International, Inc. Medical 6.00 - -

5/9/2017 Nuelle, Inc. Aytu BioScience, Inc. Medical 25.73 - -

5/9/2017 ProPhase LLC WIRB-Copernicus Group, Inc. Medical - - -

5/8/2017 Angelina County Lumber Co. (Angelina Mineral Acres) Black Stone Minerals LP Industrial 33.80 - -

5/8/2017 Choice Completion Systems LLC Rubicon Oilfield International Ltd. Industrial - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA5/8/2017 Loudon Machine, Inc. AIP LLC; Goss International LLC Durable Consumer - - -

5/8/2017 Mannington Mills Inc (Vinyl Composition Tile Business) Armstrong Flooring, Inc. Building Products 36.00 - -

5/8/2017 NRG Systems, Inc. ESCO Technologies, Inc. Durable Consumer - - -

5/8/2017 River Vision Development Corp. Horizon Pharma Plc Medical 145.00 - -

5/8/2017 Supreme Brands LLC Roustan Capital Non-Durable Consumer - - -

5/8/2017 Truck Bodies & Equipment International, Inc. Federal Signal Corp. Durable Consumer 270.00 1.31x -

5/6/2017 Dynatek Machine, Inc. Speyside Equity LLC Industrial - - -

5/6/2017 West Coast Stainless Products Speyside Equity LLC Industrial - - -

5/4/2017 BEI Precision Systems & Space Co., Inc. JF Lehman & Co., Inc. Aerospace & Defense - - -

5/4/2017 Birchwood Lighting, Inc. Leviton Manufacturing Co., Inc. Non-Durable Consumer - - -

5/4/2017 Esoteric LLC Elite 360 Technologies Aerospace & Defense - - -

5/4/2017 Fluid Systems Engineering, Inc. The Hillman Co.; Ritter Technology LLC Industrial - - -

5/4/2017 G.A.L. Manufacturing Corp. Golden Gate Private Equity, Inc. Building Products - - -

5/4/2017 Nyhus 2 Inc Leaf Group Ltd. Durable Consumer 12.20 - -

5/4/2017 Residential Control Systems, Inc. Universal Electronics, Inc. Durable Consumer 9.00 - -

5/4/2017 Thinklogical LLC Belden, Inc. Durable Consumer 160.00 3.14x 9.41x

5/3/2017 American Eagle Instruments, Inc. Young Innovations, Inc. Medical - - -

5/3/2017 MicroGroup, Inc. TE Connectivity Ltd. Medical - - -

5/3/2017 Microphase Corp. Digital Power Corp. Durable Consumer 6.78 0.92x -2.05x

5/3/2017 Scoperta, Inc. OC Oerlikon Corp. AG Durable Consumer - - -

5/3/2017 Sharp Packaging Systems LLC Pregis Corp. Industrial - - -

5/3/2017 Shopfloor Support LLC Simparel, Inc. Durable Consumer - - -

5/3/2017 The Quantum Group, Inc. (North Carolina) Dothan Fabrics Corp. Non-Durable Consumer - - -

5/2/2017 EFCO Corp. Apogee Enterprises, Inc. Building Products 195.00 - -

5/2/2017 Interparts Industries, Inc. Riverside Partners LLC (New York) Industrial - - -

5/2/2017 Kildare Lumber Co. Mead Lumber Co., Inc. Durable Consumer - - -

5/2/2017 SanJuanYachts Northern Marine Co. LLC; San Juan

Capital Holdings LLC

Durable Consumer - - -

5/2/2017 Smiths Interconnect, Inc. (Microwave Telecoms

Business)

Genstar Capital LLC; Infinite RF

Holdings, Inc.

Durable Consumer 109.89 1.09x -

5/2/2017 Tryon Group, Inc. O2 Investment Partners; Tecum Capital

Management; and Others

Durable Consumer - - -

5/1/2017 Aerospace Holdings, Inc. Harlow Aerostructures LLC Aerospace & Defense - - -

5/1/2017 Ashland Foundry & Machine Works LLC Speyside Equity LLC Durable Consumer - - -

5/1/2017 Belleco, Inc. The Vollrath Co. LLC Industrial - - -

5/1/2017 Burford Corp. The Middleby Corp. Non-Durable Consumer - - -

5/1/2017 Cipher Pharmaceuticals US LLC EPI Health LLC Medical 14.35 - -

5/1/2017 DILIsym Services, Inc. Simulations Plus, Inc. Medical 10.00 - -

5/1/2017 Gould & Goodrich, Inc. JLL Partners, Inc. Aerospace & Defense - - -

5/1/2017 Leisure Product Enterprises LLC Patrick Industries, Inc. Durable Consumer 73.50 0.98x -

5/1/2017 Peninsular Paper Co. Imperial Bag & Paper Co. LLC Non-Durable Consumer - - -

5/1/2017 PolyAero, Inc. Apollo Aerospace Components LLC Aerospace & Defense 10.50 - -

5/1/2017 Span-America Medical Systems, Inc. Savaria Corp. Medical 72.90 - -

5/1/2017 Tecomet, Inc. Charlesbank Capital Partners LLC Medical - - -

5/1/2017 Westlock Controls Corp. Crane Co. Durable Consumer 40.00 1.25x -

5/1/2017 WWSC Holdings Corp. Alleghany Capital Corp. Durable Consumer - - -

4/29/2017 Industrial Container Services LLC Centerbridge Partners LP Non-Durable Consumer - - -

4/28/2017 Abound Solar, Inc. United Power, Inc. Building Products 9.20 - -

4/28/2017 Wolverine Tube, Inc. Wieland-Werke AG Industrial - - -

4/27/2017 Calbiotech, Inc. ERBA Diagnostics Mannheim GmbH Medical - - -

4/27/2017 Ferran Technology, Inc. Sumitomo Heavy Industries, Ltd. Durable Consumer 8.96 - -

4/27/2017 NBGroup LLC Sycamore Partners Management LP Durable Consumer - - -

4/26/2017 Apex CCTV LLC DirectView Holdings, Inc. Durable Consumer - - -

4/26/2017 EVADA Aircraft Corp. Seilon, Inc. Aerospace & Defense - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA4/26/2017 GCP Applied Technologies, Inc. (Halex Tackstrip

Business)

Q.E.P. Co., Inc. Building Products - - -

4/26/2017 Tri-Power MPT, Inc. Ohio Transmission Corp. Durable Consumer - - -

4/26/2017 Western Marketing, Inc. Audax Private Equity Industrial - - -

4/26/2017 Wound Care Technologies, Inc. Baxter International, Inc. Medical - - -

4/25/2017 Accudyne Industries LLC (3 Subs( Hitachi Ltd. Industrial 1,245.00 - -

4/25/2017 Mesabi Metallics Co. LLC Liberty House Group Durable Consumer - - -

4/25/2017 W.L. Gore & Associates, Inc. Entegris, Inc. Industrial 20.00 0.01x -

4/24/2017 Custom Nonwovens, Inc. (Thomasville Assets) Fibrix LLC Durable Consumer - - -

4/24/2017 KIC LLC Crestview LLC Durable Consumer - - -

4/24/2017 Metro Mix LLC RMR Industrials, Inc. Durable Consumer 54.00 - -

4/24/2017 R&D Molders, Inc. Summit Equity Group LLC Industrial - - -

4/23/2017 C.R. Bard, Inc. Becton, Dickinson & Co. Medical 23,645.22 - -

4/23/2017 The ROB Co. LLC Flybar, Inc. Durable Consumer - - -

4/21/2017 Royal Die & Stamping Co., Inc. IGP Industries LLC; Royal Die &

Stamping Co., Inc.

Durable Consumer - - -

4/20/2017 Cryogenic Industries, Inc. (4 Subsidiaries) Nikkiso America, Inc. Durable Consumer 438.00 2.81x 33.69x

4/20/2017 Magic Rosin LLC Connolly Music Co., Inc. Non-Durable Consumer - - -

4/20/2017 MooreCo, Inc. Prudential Capital Group; Mooreco Durable Consumer - - -

4/20/2017 NV3 Technologies LLC Barcoding, Inc. Durable Consumer - - -

4/19/2017 Manufacturing Support Industries, Inc. Craig Technologies, Inc. Aerospace & Defense - - -

4/19/2017 Tatiana & Co., Inc. Mamiye Brothers, Inc. Non-Durable Consumer - - -

4/19/2017 Twang Billy Mercantile, Inc. The Bromwell Co., Inc. Non-Durable Consumer - - -

4/18/2017 Alpine Immune Sciences, Inc. Nivalis Therapeutics, Inc. Medical - - -

4/18/2017 DiversiTech Corp. Permira Advisers LLP Building Products - - -

4/18/2017 First Tactical LLC JLL Partners, Inc.; Point Blank

Enterprises, Inc.

Non-Durable Consumer - - -

4/18/2017 Jerith Manufacturing Co., Inc. Assa Abloy AB Building Products - - -

4/18/2017 Mooreco International Holdings, Inc. Mooreco International Holdings, Inc.

(Management)

Durable Consumer - - -

4/17/2017 CEMEX, S.A.B. de C.V (Pacific Northwest Materials

Business)

Cadman Materials, Inc. Building Products 150.00 - -

4/17/2017 Cobra Sampling, Inc. Sentry Equipment Corp. Medical - - -

4/17/2017 MOCON, Inc. AMETEK, Inc. Durable Consumer 167.07 2.61x 17.08x

4/17/2017 Sunrise Fiberglass LLC North Central Equity LLC Industrial - - -

4/17/2017 Wilcon Operations LLC Crown Castle International Corp. Durable Consumer 600.00 - -

4/14/2017 Eco3d LLC Eco3d Acquisition LLC Durable Consumer 5.10 - -

4/13/2017 Mitchell Rubber Products LLC Hexpol Holding, Inc. Non-Durable Consumer - - -

4/13/2017 Spinal Elements, Inc. Amendia, Inc.; Kohlberg & Co. LLC Medical - - -

4/13/2017 STARAMBA USA Corp. STARAMBA SE Durable Consumer - - -

4/12/2017 Barnhart Crane & Rigging Co. (2 Subsidiaries) Leavitt Cranes Canada Inc Industrial - - -

4/12/2017 Halt Medical, Inc. Acessa Health, Inc. Medical - - -

4/12/2017 Tollgrade Communications, Inc. Enghouse Systems Ltd. Durable Consumer 23.00 0.96x -

4/11/2017 Architectural Granite & Marble LLC Pental Granite & Marble, Inc. Building Products - - -

4/11/2017 Consolidated Container Co. LLC Loews Corp. Non-Durable Consumer 1,200.00 - -

4/11/2017 Parlec, Inc. (Tooling Division) Audax Private Equity; Techniks

Industries

Industrial - - -

4/10/2017 2M Co., Inc. Franklin Electric Co., Inc. Durable Consumer - - -

4/10/2017 4M Industrial Oxidation LLC Woodland Holdings Corp. Industrial - - -

4/10/2017 Daylight Medical (UVC Disinfection Business) Diversey, Inc. Medical 28.70 - -

4/10/2017 Drillers Service, Inc. Franklin Electric Co., Inc. Durable Consumer - - -

4/10/2017 Firstronic LLC Lacroix SA Durable Consumer - - -

4/10/2017 Newell Brands, Inc. (Fire Starter & Fire Logs Bus) Royal Oak Enterprises, Inc. Non-Durable Consumer - - -

4/10/2017 Nitero, Inc. Advanced Micro Devices, Inc. Durable Consumer - - -

4/10/2017 Trinity Packaging Corp. The Pritzker Group; ProAmpac LLC Non-Durable Consumer - - -

4/10/2017 Western Hydro Holding Corp. Franklin Electric Co., Inc. Durable Consumer - - -

4/10/2017 Xcerra Corp. Unic Capital Management Co., Ltd. Durable Consumer 441.09 - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA4/9/2017 Antenna Plus, LLC Airgain, Inc. Durable Consumer 6.40 - -

4/7/2017 Akorn, Inc. Fresenius Kabi AG Medical 4,742.48 4.30x 10.64x

4/7/2017 Genii, Inc. STERIS Corp.; US Endoscopy Group,

Inc.

Medical - - -

4/6/2017 ACME McCrary Corp. (Manufacturing Assets) MAS Holdings (Pvt) Ltd.; MAS Capital

Pvt Ltd.

Non-Durable Consumer 20.00 - -

4/6/2017 Azugroup USA LLC Next Group Holdings, Inc. Non-Durable Consumer - - -

4/6/2017 BASF Catalysts LLC EP Minerals LLC Durable Consumer - - -

4/6/2017 Btic America Corp. Beijing Tianhai Industry Co., Ltd. Durable Consumer 7.00 - -

4/6/2017 General LED, Inc. The CapStreet Group LLC Non-Durable Consumer - - -

4/6/2017 Jiffy Air Tool, Inc. P&F Industries, Inc.; Bonanza Holdings

Corp.; Bonanza Properties Corp.

Industrial 8.00 - -

4/6/2017 Perfect Pipe & Supply Corp. Hubbell, Inc. Durable Consumer - - -

4/6/2017 Rosen Electronics LP VOXX Electronics Corp. Durable Consumer 2.00 - -

4/6/2017 Thermal Transfer Corp. Westinghouse Air Brake Technologies

Corp.

Industrial - - -

4/5/2017 Europa Metal Fabricators, Inc. SenTech EAS Corp. Industrial - - -

4/5/2017 Graphite Machining Services & Innovations LLC Heraeus Holding GmbH Industrial - - -

4/5/2017 Whitcraft Group Greenbriar Equity Group LLC Aerospace & Defense - - -

4/4/2017 Absorbent Products Co., Inc. Principle Business Enterprises, Inc. Non-Durable Consumer - - -

4/4/2017 AFI Shareholder LLC Audax Private Equity; AFI Shareholder

LLC (Private Group)

Aerospace & Defense - - -

4/4/2017 Emantras, Inc. GP Strategies Corp. Industrial - - -

4/4/2017 Global Industries, Inc. Ag Growth International, Inc. Durable Consumer 100.00 - -

4/4/2017 J. G. Finneran Associates, Inc Porvair Plc Medical 14.00 - -

4/4/2017 Kandi Kountry Express Ltd. Industrial Opportunity Partners LLC;

Monroe Truck Equipment, Inc.

Durable Consumer - - -

4/4/2017 M. L. Kishigo Manufacturing Co. LLC Bunzl Plc Non-Durable Consumer - - -

4/4/2017 Midwest Woodworkers, Inc. Woodcraft Supply LLC Durable Consumer - - -

4/4/2017 Sidener Engineering Co., Inc. Exotic Rubber & Plastics Corp. Durable Consumer - - -

4/4/2017 Texas Plywood & Lumber Co., Inc. BMC Stock Holdings, Inc. Building Products - - -

4/4/2017 Velvac, Inc. The Eastern Co. Durable Consumer 39.50 0.67x -

4/4/2017 VF Licensed Sports Group LLC Fanatics, Inc. Non-Durable Consumer - - -

4/3/2017 Crypton LLC Berkley Capital LLC Non-Durable Consumer - - -

4/3/2017 Custom Control Concepts, Inc. Astronics Custom Control Concepts,

Inc.

Durable Consumer 10.70 - -

4/3/2017 Daiichi Sankyo Inc (Bethlehem Operation) Sharp Corp. (PA) Medical 14.00 - -

4/3/2017 Delta Microwave LLC Mercury Systems, Inc. Aerospace & Defense 40.50 3.16x -

4/3/2017 NEPTCO JV LLC (Hickory Assets) Roblon US Inc. Durable Consumer 4.00 0.40x -

4/3/2017 Patrick Products, Inc. Pretium Packaging LLC; Genstar Capital

LLC

Non-Durable Consumer - - -

4/3/2017 PRISM Plastics, Inc. Marmon Engineered Components Durable Consumer - - -

4/3/2017 Tri-State Hose & Fitting, Inc. The Hillman Co. Durable Consumer - - -

4/3/2017 Truck Hero, Inc. CCMP Capital Advisors LP Durable Consumer - - -

4/3/2017 Valley Processing, Inc. HEXPOL AB Durable Consumer 44.00 1.29x -

4/3/2017 Velvet LLC Adastria Co., Ltd. Non-Durable Consumer 37.00 0.95x -

4/3/2017 Vtesse, Inc. Sucampo Pharmaceuticals, Inc. Medical 200.61 - -

4/3/2017 World Kitchen LLC Cornell Capital LLC Non-Durable Consumer 500.00 - -

4/1/2017 Empire Wire & Supply LLC EIS, Inc. Durable Consumer - - -