10
Strategic
85%
Financial15%
12
17 27
111
9 25
- 20 40 60 80
100 120
Date Target Buyer(s) SegmentAmount
($ in Mil)
TEV/
Rev
TEV/
EBITDA12/22/2016 C.B. Fleet Co., Inc. Prestige Brands Holdings, Inc. Non-durable Consumer $825.00 4.02x -
12/21/2016 BD Vinton LLC Kyoei Steel Ltd.; Kyoei Steel America LLC Industrial 52.00 0.40x -
12/15/2016 Republic Conduit Nucor Corp. Industrial 335.00 1.68x -
12/5/2016 Rocla Concrete Tie, Inc. Vossloh AG Industrial 117.20 1.33x -
12/2/2016 Vascular Solutions, Inc. Teleflex, Inc. Medical 944.77 5.95x 47.52x
10/31/2016 Performance Sports Group Ltd. Fairfax Financial; Sagard Capital; Others Durable Consumer 996.78 1.52x 11.92x
10/23/2016 B/E Aerospace, Inc. Rockwell Collins, Inc. Aerospace & Defense 8,209.40 2.87x 13.54x
10/13/2016 VXi Corp. GN Store Nord A/S Durable Consumer 35.00 1.09x 8.75x
10/13/2016 Critical Flow Solutions CIRCOR International, Inc. Industrial 210.00 1.75x -
10/3/2016 Grand Design RV LLC Winnebago Industries, Inc. Durable Consumer 503.42 1.18x -
Strategic Buyer Inv. Date Select Corporate Acquisitions
Middleby Corp. 5/31/2016 ▪ Assets of USA Emico's Bakery Equipment Business
5/18/2016 ▪ Follett Ice
12/15/2015 ▪ Lynx Grills, Inc.
2/10/2015 ▪ Marsal & Sons, Inc.
10/14/2014 ▪ U-Line Corporation
Medtronic plc 6/27/2016 ▪ HeartWare International
5/31/2016 ▪ Responsive Orthopedics LLC
2/1/2016 ▪ Bellco S.r.l.
11/18/2015 ▪ Aircraft Medical Limited
11/10/2015 ▪ Cardiored S.A.
MW Industries, Inc. 2/16/2016 ▪ USA Fastener Group, Inc.
10/30/2015 ▪ Precision Manufacturing Group, Inc.
2/9/2015 ▪ Helical Products Company, Inc.
1/5/2015 ▪ Maudlin & Sons Mfg. Co., Inc.
6/30/2014 ▪ HI-Performance Fastening Systems, Inc.
TransDigm Group Incorporated 9/6/2016 ▪ Young & Franklin Inc.
5/24/2016 ▪ ILC Industries
12/31/2015 ▪ Breeze-Eastern Corporation
8/19/2015 ▪ PneuDraulics, Inc.
5/14/2015 ▪ Pexco Aerospace, Inc.
Precision Castparts Corporations 10/25/2016 ▪ Atlantic Precision, Inc.
11/10/2015 ▪ Andrews Laser Works Corporation
10/30/2015 ▪ Noranco Inc.
7/21/2015 ▪ Composites Horizons, Inc.
5/6/2015 ▪ Alu-Forge, Inc.
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.
9/8/2014 ▪ Pace Packaging Corporation
Strategic Buyer Inv. Date Select Corporate AcquisitionsThe Riverside Company 5/9/2016 ▪ Jade Swimwear L.P
3/29/2016 ▪ Bentley Laboratories Llc
12/16/2015 ▪ The Marena Group, LLC
8/31/2015 ▪ Elite Sportswear, L.P.
3/25/2014 ▪ Harvey Tool Company, LLC
Tenex Capital Management 9/9/2016 ▪ SES Foam, LLC
4/18/2016 ▪ Unirac, Inc.
3/14/2016 ▪ Thermoforming Technology Group, LLC
12/1/2015 ▪ Ohio Medical Corporation
12/5/2013 ▪ US GreenFiber, LLC
Bain Capital Private Equity 12/14/2016 ▪ Innocor, Inc.
12/21/2015 ▪ Big Tex Trailer Manufacturing, Inc.
8/20/2014 ▪ TOMS Shoes, LLC
4/7/2014 ▪ The Manischewitz Company, Inc.
10/10/2012 ▪ Apex Tool Group, LLC
Industrial Growth Partners 7/6/2016 ▪ Des-Case Corporation
5/5/2015 ▪ FMH Aerospace Corp.
10/15/2014 ▪ Grakon, LLC
5/30/2014 ▪ Sanders Industries Holdings, Inc.
ShoreView Industries 12/23/2016 ▪ Hi-Rel Group
9/16/2016 ▪ Spring USA Corporation
3/3/2016 ▪ Edstrom Industries, Inc.
7/20/2015 ▪ SOURIAU PA&E, Inc.
6/23/2014 ▪ Mori Lee, LLC
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
Aerospace & Defense Building Products Durable Consumer Industrial
Non-Durable Consumer Medical S&P 500
Company Name SymbolMarket Cap
($ in Mil)Price ($)
Quarter
Change
YTD
Change
% of 52
Week High
Est.
Revenue
Growth
EBITDA
Margin
TEV/
Rev
TEV/
EBITDA
Price/
EPS
TEV/
NTM
Revenue
TEV/
NTM
EBITDA
The Boeing Co. BA 96,080$ 155.68$ 18.2% 7.7% 97.3% (1.7%) 11.2% 1.0x 15.2x 23.7x 1.1x 9.4xHoneywell International, Inc. HON 88,292 115.85 -0.1% 12.5% 96.5% 0.9% 21.1% 2.5x 11.7x 18.1x 2.5x 11.6xGeneral Dynamics Corp. GD 52,578 172.66 11.3% 25.7% 95.9% 3.3% 15.3% 1.8x 11.5x 18.4x 1.7x 11.4xAirbus Group SE AIR-FR 51,226 66.28 16.7% 1.4% 93.7% 5.0% 6.1% 0.8x 17.0x 18.0x 0.8x 7.9xMohawk Industries, Inc. MHK 14,809 199.68 -0.3% 5.4% 92.2% 6.6% 24.0% 2.0x 10.0x 16.8x 1.9x 9.6xTransDigm Group, Inc. TDG 13,282 248.96 -13.9% 9.0% 84.6% 13.5% 44.1% 6.9x 15.4x 24.0x 6.3x 13.2xTextron, Inc. TXT 13,121 48.56 22.2% 15.6% 97.5% 3.0% 11.5% 1.2x 10.0x 13.6x 1.1x 9.6xSpirit AeroSystems Holdings, Inc. SPR 7,098 58.35 31.0% 16.5% 94.8% 1.5% 15.5% 1.1x 7.8x 15.3x 1.1x 7.0xB/E Aerospace, Inc. BEAV 6,115 60.19 16.5% 42.1% 99.6% 7.2% 20.7% 2.8x 13.2x 18.4x 2.6x 12.1xHEICO Corp. HEI 4,820 77.15 11.5% 41.9% 93.7% 7.5% 26.1% 4.2x 17.4x 33.7x 4.0x 16.4xCurtiss-Wright Corp. CW 4,350 98.36 8.0% 43.6% 91.4% 1.5% 20.4% 2.3x 11.4x 23.8x 2.3x 11.6xBombardier, Inc. BBD.B-CA 3,658 1.61 20.0% 61.2% 88.6% 0.7% 3.5% 0.7x 19.7x NM 0.7x 11.5xEsterline Technologies Corp. ESL 2,644 89.20 17.3% 10.1% 94.2% 0.9% 17.6% 1.6x 10.8x 26.1x 1.6x 10.3xRBC Bearings, Inc. ROLL 2,205 92.81 21.4% 43.7% 97.7% 6.1% 23.5% 4.1x 16.6x 30.3x 3.8x 15.1xTriumph Group, Inc. TGI 1,313 26.50 -4.9% -33.3% 65.7% (2.3%) 11.9% 0.8x NM NM 0.8x 6.1xAerojet Rocketdyne Holdings, Inc. AJRD 1,257 17.95 2.1% 14.6% 83.9% 3.7% 6.5% 1.0x 11.3x 145.5x 0.9x 7.1xDucommun, Inc. DCO 286 25.56 11.9% 57.6% 85.2% (0.4%) 10.7% 0.8x 9.9x NM 0.8x 7.4xSegment Average $21,361 11.1% 22.1% 91.3% 3.4% 17.0% 2.1x 13.1x 30.4x 2.0x 10.4xSegment Median $6,115 11.9% 15.6% 93.7% 3.0% 15.5% 1.6x 11.6x 21.1x 1.6x 10.3x
Market Stats Operating Stats LTM Multiples NTM Multiples
Company Name SymbolMarket Cap
($ in Mil)Price ($)
Quarter
Change
YTD
Change
% of 52
Week High
Est.
Revenue
Growth
EBITDA
Margin
TEV/
Rev
TEV/
EBITDA
Price/
EPS
TEV/
NTM
Revenue
TEV/
NTM
EBITDA
Mohawk Industries, Inc. MHK 14,809$ 199.68$ -0.3% 5.4% 92.2% 6.6% 24.0% 2.0x 10.0x 16.8x 1.9x 9.6xUSG Corp. USG 4,219 28.88 11.7% 18.9% 89.5% (2.0%) 18.6% 1.5x 10.1x 4.2x 1.8x 8.4xArmstrong World Industries, Inc. AWI 2,307 41.80 1.2% 5.5% 85.9% (15.3%) 22.2% 1.7x 12.9x 47.3x 2.4x 9.0xApogee Enterprises, Inc. APOG 1,548 53.56 19.8% 23.1% 98.6% 16.3% 15.2% 1.4x 9.6x 18.8x 1.2x 7.9xGibraltar Industries, Inc. ROCK 1,313 41.65 12.1% 63.7% 86.7% (3.3%) 13.1% 1.3x 11.3x 32.3x 1.3x 10.5xBuilders FirstSource, Inc. BLDR 1,224 10.97 -4.7% -1.0% 77.9% 5.8% 6.4% 0.5x 9.3x 9.8x 0.5x 7.1xAmerican Woodmark Corp. AMWD 1,223 75.25 -6.6% -5.9% 84.0% 9.5% 12.4% 1.1x 8.7x 19.1x 1.0x 7.9xAdvanced Drainage Systems, Inc. WMS 1,135 20.60 -14.4% -14.3% 72.3% 2.8% NM 1.5x 12.0x 34.3x 1.4x 8.4xContinental Building Products, Inc. CBPX 924 23.10 10.1% 32.3% 93.2% 5.4% 26.6% 2.5x 8.7x 22.6x 2.4x 8.4xInsteel Industries, Inc. IIIN 676 35.64 -1.7% 70.4% 83.2% 2.4% 19.8% 1.5x 8.7x 18.3x 1.4x 8.5xArmstrong Flooring, Inc. AFI 552 19.91 5.5% NA 94.8% NM 8.3% 0.4x 10.6x NM 0.4x 6.2xSegment Average $2,721 3.0% 19.8% 87.1% 2.8% 16.7% 1.4x 10.2x 22.4x 1.4x 8.4xSegment Median $1,223 3.3% 18.9% 86.3% 2.8% 15.2% 1.4x 9.8x 19.1x 1.4x 8.4x
Market Stats Operating Stats LTM Multiples NTM Multiples
Company Name SymbolMarket Cap
($ in Mil)Price ($)
Quarter
Change
YTD
Change
% of 52
Week High
Est.
Revenue
Growth
EBITDA
Margin
TEV/
Rev
TEV/
EBITDA
Price/
EPS
TEV/
NTM
Revenue
TEV/
NTM
EBITDA
Newell Brands, Inc. NWL 21,539$ 44.65$ -15.2% 1.3% 80.5% 42.3% 12.0% 3.1x 30.9x 74.2x 2.2x 11.8xWhirlpool Corp. WHR 13,652 181.77 12.1% 23.8% 93.6% 4.1% 10.9% 0.9x 8.4x 15.9x 0.9x 7.4xHanesbrands, Inc. HBI 8,152 21.57 -14.6% -26.7% 68.8% 14.0% 16.4% 2.0x 12.3x 16.7x 1.8x 10.4xGildan Activewear, Inc. GIL 5,893 25.37 -9.2% -10.7% 78.8% 20.3% 23.0% 2.5x 16.6x 24.6x 2.3x 10.9xBrunswick Corp. BC 4,892 54.54 11.8% 8.0% 96.9% 9.8% 14.0% 1.1x 10.2x 20.2x 1.0x 7.6xTupperware Brands Corp. TUP 2,661 52.62 -19.5% -5.4% 78.7% 1.3% 15.8% 1.6x 9.1x 13.2x 1.5x 8.1xLa-Z-Boy, Inc. LZB 1,519 31.05 26.4% 27.1% 94.4% 3.5% 10.8% 0.9x 9.1x 19.7x 0.9x 8.6xG-III Apparel Group Ltd. GIII 1,438 29.56 1.4% -33.2% 52.9% 23.0% 13.9% 0.6x 9.4x 17.4x 0.5x 7.3xFlexsteel Industries, Inc. FLXS 479 61.67 19.2% 39.6% 97.9% NM 8.8% 0.9x 10.5x 20.6x NM NMCulp, Inc. CFI 457 37.15 24.8% 45.9% 98.3% 3.1% 12.0% 1.4x 11.7x 25.4x 1.4x 10.7xJohnson Outdoors, Inc. JOUT 348 39.69 9.1% 81.3% 87.5% 1.9% (2.3%) 0.7x 7.6x 29.6x 0.7x 6.9xCSS Industries, Inc. CSS 246 27.07 5.8% -4.6% 91.8% NM 12.6% 0.7x 7.6x 19.2x NM NMEscalade, Inc. ESCA 189 13.20 3.4% -0.4% 89.8% 2.9% 11.4% 1.3x 12.8x 17.3x 1.3x 10.5xBlack Diamond, Inc. BDE 161 5.35 4.1% 21.0% 78.1% 3.3% 4.6% 0.6x NM NM 0.6x 10.6xDelta Apparel, Inc. DLA 158 20.73 25.9% 47.6% 81.2% (0.8%) 6.1% 0.6x 9.9x 18.5x 0.7x 7.7xSegment Average $4,119 5.7% 14.3% 84.6% 9.9% 11.3% 1.3x 11.9x 23.7x 1.2x 9.1xSegment Median $1,438 5.8% 8.0% 87.5% 3.5% 12.0% 0.9x 10.1x 19.4x 1.0x 8.6x
Market Stats Operating Stats LTM Multiples NTM Multiples
Company Name SymbolMarket Cap
($ in Mil)Price ($)
Quarter
Change
YTD
Change
% of 52
Week High
Est.
Revenue
Growth
EBITDA
Margin
TEV/
Rev
TEV/
EBITDA
Price/
EPS
TEV/
NTM
Revenue
TEV/
NTM
EBITDA
United Technologies Corp. UTX 90,262$ 109.62$ 7.9% 14.1% 98.1% 3.1% 18.0% 1.9x 10.9x 62.0x 1.8x 10.3xIllinois Tool Works, Inc. ITW 42,984 122.46 2.2% 32.1% 95.7% 4.0% 26.6% 3.6x 13.9x 22.3x 3.5x 13.0xEaton Corp. Plc ETN 30,305 67.09 2.1% 28.9% 95.8% (0.9%) 17.6% 1.9x 10.8x 15.8x 1.9x 11.4xIngersoll-Rand Plc IR 19,385 75.04 10.5% 35.7% 94.7% 2.4% 16.5% 1.6x 11.1x 12.9x 1.6x 10.7xParker-Hannifin Corp. PH 18,676 140.00 11.5% 44.4% 96.3% 2.5% 14.6% 1.8x 12.5x 23.2x 1.7x 11.5xRockwell Automation, Inc. ROK 17,301 134.40 9.9% 31.0% 96.2% 2.5% 19.0% 2.9x 14.5x 24.2x 2.8x 13.4xHubbell, Inc. HUBB 6,457 116.70 8.3% 15.5% 98.0% 3.0% 18.2% 2.0x 11.9x 22.7x 2.0x 11.9xColfax Corp. CFX 4,407 35.93 14.3% 53.9% 90.2% (4.9%) 13.4% 1.5x 11.6x 33.3x 1.6x 12.1xCrane Co. CR 4,230 72.12 14.5% 50.8% 91.4% 0.3% 17.4% 1.7x 9.9x 16.9x 1.7x 9.6xBarnes Group, Inc. B 2,552 47.42 16.9% 34.0% 95.0% 11.0% 23.3% 2.5x 11.7x 21.0x 2.3x 10.3xActuant Corp. ATU 1,531 25.95 11.7% 8.3% 87.1% (0.7%) 11.3% 1.7x 13.4x NM 1.8x 12.9xEnPro Industries, Inc. NPO 1,439 67.36 18.5% 53.6% 97.3% 2.1% 14.4% 1.7x 13.8x NM 1.7x 10.4xAlbany International Corp. AIN 1,338 46.30 9.2% 26.7% 93.5% 8.4% 22.8% 2.4x 10.0x 20.0x 2.2x 8.7xChart Industries, Inc. GTLS 1,102 36.02 9.7% 100.6% 88.4% (1.9%) 15.2% 1.2x 8.6x NM 1.2x 12.4xColumbus McKinnon Corp. CMCO 547 27.04 51.6% 43.1% 97.0% 8.5% 17.0% 1.2x 8.9x 21.0x 1.1x 9.5xSegment Average $16,168 13.3% 38.2% 94.3% 2.6% 17.7% 2.0x 11.6x 24.6x 1.9x 11.2xSegment Median $4,407 10.5% 34.0% 95.7% 2.5% 17.4% 1.8x 11.6x 21.7x 1.8x 11.4x
Market Stats Operating Stats LTM Multiples NTM Multiples
Company Name SymbolMarket Cap
($ in Mil)Price ($)
Quarter
Change
YTD
Change
% of 52
Week High
Est.
Revenue
Growth
EBITDA
Margin
TEV/
Rev
TEV/
EBITDA
Price/
EPS
TEV/
NTM
Revenue
TEV/
NTM
EBITDA
Colgate-Palmolive Co. CL 58,166$ 65.44$ -11.7% -1.8% 86.8% 3.6% 29.4% 4.1x 14.4x 42.5x 4.0x 13.5xGeneral Mills, Inc. GIS 35,827 61.77 -3.3% 7.1% 84.7% (1.5%) 23.2% 2.9x 13.5x 23.0x 3.0x 13.1xCampbell Soup Co. CPB 18,567 60.47 10.5% 15.1% 89.1% 1.0% 24.9% 2.7x 14.0x 28.4x 2.7x 12.0xThe Clorox Co. CLX 15,452 120.02 -4.1% -5.4% 85.4% 4.3% 22.4% 3.0x 14.2x 24.2x 2.9x 13.5xCoty, Inc. COTY 13,665 18.31 -22.1% -28.6% 57.9% 86.9% 18.9% 4.1x 24.4x 183.1x 1.3x 6.7xChurch & Dwight Co., Inc. CHD 11,428 44.19 -7.8% 4.1% 82.3% 3.2% 25.5% 3.5x 14.9x 25.4x 3.4x 14.2xEdgewell Personal Care Co. EPC 4,227 72.99 -8.2% -6.9% 82.9% 1.9% 20.5% 2.3x 11.9x 24.4x 2.3x 11.6xAvon Products, Inc. AVP 2,205 5.04 -11.0% 24.4% 72.4% 16.4% 11.0% 0.7x 9.0x NM 0.7x 7.5xInter Parfums, Inc. IPAR 1,019 32.75 1.5% 37.5% 90.0% 10.3% 22.0% 2.0x 13.4x 32.8x 1.8x 12.2xSegment Average $17,840 (6.2%) 5.1% 81.3% 14.0% 22.0% 2.8x 14.4x 48.0x 2.5x 11.6xSegment Median $13,665 (7.8%) 4.1% 84.7% 3.6% 22.4% 2.9x 14.0x 26.9x 2.7x 12.2x
Market Stats Operating Stats LTM Multiples NTM Multiples
Company Name SymbolMarket Cap
($ in Mil)Price ($)
Quarter
Change
YTD
Change
% of 52
Week High
Est.
Revenue
Growth
EBITDA
Margin
TEV/
Rev
TEV/
EBITDA
Price/
EPS
TEV/
NTM
Revenue
TEV/
NTM
EBITDA
Medtronic Plc MDT 97,802$ 71.23$ -17.6% -7.4% 79.8% 5.1% 30.4% 4.1x 13.8x 23.7x 3.9x 12.2xDentsply Sirona, Inc. XRAY 13,329 57.73 -2.9% -5.1% 87.7% 21.9% 22.1% 4.3x 20.7x NM 3.6x 13.7xHologic, Inc. HOLX 11,162 40.12 3.3% 3.7% 97.8% 4.6% 36.4% 4.9x 13.7x 34.6x 4.8x 12.8xABAXIS, Inc. ABAX 1,189 52.77 2.2% -5.2% 91.8% 10.2% 23.1% 4.6x 19.7x 34.8x 4.2x 20.2xAnalogic Corp. ALOG 1,033 82.95 -6.4% 0.4% 86.5% 4.8% 18.1% 1.7x 11.1x 79.0x 1.7x 10.2xInteger Holdings Corp. ITGR 909 29.45 35.8% -38.4% 53.9% 5.2% 21.2% 1.9x 10.8x NM 1.9x 8.4xAngioDynamics, Inc. ANGO 627 16.87 -3.8% 39.0% 95.6% 2.6% 15.3% 2.0x 15.4x NM 1.9x 12.5xMisonix, Inc. MSON 81 10.45 95.3% 11.2% 93.3% NM NM 3.1x NM NM NM NMAmedica Corp. AMDA 17 0.63 -32.2% -64.6% 17.4% 20.4% (80.8%) 0.9x NM NM 0.6x NMAllied Healthcare Products, Inc. AHPI 8 2.00 22.2% -10.5% 52.4% NM (6.3%) 0.2x NM NM NM NMSegment Average $12,616 9.6% (7.7%) 75.6% 9.3% 8.8% 2.8x 15.0x 43.0x 2.8x 12.9xSegment Median $971 (0.3%) (5.2%) 87.1% 5.2% 21.2% 2.5x 13.8x 34.7x 2.7x 12.5x
Market Stats Operating Stats LTM Multiples NTM Multiples
