Manufacturing Report Q1 2017 - sdr-uyfpxh6dk.netdna-ssl.com · Strategic Buyer Inv. Date Select...

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Transcript of Manufacturing Report Q1 2017 - sdr-uyfpxh6dk.netdna-ssl.com · Strategic Buyer Inv. Date Select...

Page 4: Manufacturing Report Q1 2017 - sdr-uyfpxh6dk.netdna-ssl.com · Strategic Buyer Inv. Date Select Corporate Acquisitions 3/20/2017 Medallion Plastics, Inc 12/5/2016 KRA International

22 30

58 10

101

37

- 20 40 60 80

100 120

Strategic

82%

Financial18%

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA3/16/2017 Scott Technologies, Inc. 3M Co. Medical 2,000.00 3.51x 11.00x

3/2/2017 Grindmaster-Cecilware Corp. Electrolux AB Non-Durable Consumer 108.00 1.66x -

2/20/2017 Vention Medical, Inc. (Advanced Technologies

Business)

Nordson Corp. Medical 705.00 4.70x 14.69x

2/17/2017 LMI Aerospace, Inc. Sonaca USA, Inc. Aerospace & Defense 428.26 1.24x 12.38x

2/14/2017 Cynosure, Inc. Hologic, Inc. Medical 1,426.61 3.29x 29.72x

2/13/2017 GigPeak, Inc. Integrated Device Technology, Inc. Industrial 185.33 3.15x 16.83x

2/9/2017 Letica Corp. RPC Group Plc Non-Durable Consumer 640.00 1.42x 11.23x

2/2/2017 Ultratech, Inc. Veeco Instruments, Inc. Industrial 508.28 2.62x 33.01x

1/25/2017 Arctic Cat, Inc. Textron, Inc. Durable Consumer 310.23 0.61x -5.12x

1/23/2017 Westrock Co. (Specialty Closures & Dispensing

Systems Business)

Silgan Holdings, Inc. Industrial 1,050.00 1.86x 10.61x

1/10/2017 Mortara Instrument, Inc. Hill-Rom Holdings, Inc. Medical 330.00 2.87x -

Strategic

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Strategic Buyer Inv. Date Select Corporate Acquisitions3/20/2017 ▪ Medallion Plastics, Inc

12/5/2016 ▪ KRA International LLC

12/5/2016 ▪ Sigma Wire International LLC

8/1/2016 ▪ BH Electronics, Inc.

2/15/2017 ▪ Guy Metals, Inc.

1/19/2017 ▪ The Laserflex Corp.

1/5/2015 ▪ Fay Industries, Inc.

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)

2/9/2017 ▪ Letica Corp.

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

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

11/17/2016 ▪ Plasti-Ape SpA (Italy)

10/25/2016 ▪ Atlantic Precision, Inc.

11/10/2015 ▪ Andrews Laser Works Corporation

10/30/2015 ▪ Noranco Inc.

7/21/2015 ▪ Composites Horizons, 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.

Patrick Industries, Inc.

Ryerson Holding Corp.

Pro Mach, Inc.

Precision Castparts Corporations

Merit Medical Systems, Inc.

RPC Group Plc

Financial Sponsor Inv. Date Select Corporate Acquisitions2/15/2017 ▪ 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.

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.

12/30/2016 ▪ Custom Molded Products LLC

8/29/2016 ▪ Nalle Automation Systems LLC

4/26/2016 ▪ Endevr, Inc. (Strengthtape)

4/18/2016 ▪ Unirac, Inc.

3/27/2017 ▪ Sealed Air Corp (Diversey Care & Food Hygiene Business)

12/14/2016 ▪ Innocor, Inc.

12/8/2016 ▪ Bottles Unlimited, Inc.

11/2/2015 ▪ Unique Pharmaceuticals Ltd.

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.

ShoreView Industries

Tenex Capital Management

The Sterling Group LP

LFM Capital LLC

Bain Capital Private Equity

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-10%

-5%

0%

5%

10%

15%

20%

Aerospace & Defense Building Products Durable Consumer

Non-Durable Consumer Industrial 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 107,546$ 176.86$ 13.6% 13.6% 95.2% (2.2%) 11.4% 1.1x 14.4x 23.2x 1.2x 10.2xHoneywell International, Inc. HON 95,050 124.87 7.8% 7.8% 97.9% 0.6% 18.7% 2.6x 12.3x 20.1x 2.7x 12.0xGeneral Dynamics Corp. GD 56,791 187.20 8.4% 8.4% 96.5% 1.7% 14.9% 1.9x 12.2x 19.6x 1.9x 12.6xAirbus Group SE AIR-FR 58,966 76.29 13.5% 13.5% 98.5% 4.4% 0.7% 0.8x 22.3x 53.5x 0.8x 7.9xMohawk Industries, Inc. MHK 17,025 229.49 14.9% 14.9% 98.2% 5.5% 19.3% 2.2x 10.8x 18.4x 2.1x 10.5xTransDigm Group, Inc. TDG 11,634 220.16 -11.6% -11.6% 74.8% 11.4% 43.9% 6.5x 14.6x 24.9x 6.1x 12.7xTextron, Inc. TXT 12,853 47.59 -2.0% -2.0% 93.4% 5.1% 12.1% 1.1x 9.4x 13.5x 1.1x 9.4xSpirit AeroSystems Holdings, Inc. SPR 6,900 57.92 -0.7% -0.7% 92.1% 1.8% 14.8% 1.1x 7.7x 15.7x 1.1x 7.1xB/E Aerospace, Inc. BEAV 6,505 64.11 6.5% 6.5% 98.8% 5.6% 17.8% 2.8x 13.5x 20.8x 2.7x 12.4xHEICO Corp. HEI 5,380 87.20 13.0% 13.0% 98.0% 7.5% 23.5% 4.5x 18.8x 36.0x 4.3x 17.8xCurtiss-Wright Corp. CW 4,044 91.26 -7.2% -7.2% 84.8% 4.8% 22.9% 2.1x 11.0x 21.9x 2.0x 10.4xBombardier, Inc. BBD.B-CA 3,474 1.53 -5.6% -5.6% 72.4% 5.1% 3.5% 0.7x 16.3x NM 0.6x 10.1xEsterline Technologies Corp. ESL 2,555 86.05 -3.5% -3.5% 89.2% 1.3% 13.3% 1.5x 10.1x 23.2x 1.5x 9.6xRBC Bearings, Inc. ROLL 2,329 97.09 4.6% 4.6% 97.2% 5.9% 23.4% 4.2x 17.8x 33.7x 3.9x 15.4xTriumph Group, Inc. TGI 1,277 25.75 -2.8% -2.8% 64.2% (1.7%) 11.7% 0.8x NM NM 0.8x 6.0xAerojet Rocketdyne Holdings, Inc. AJRD 1,618 21.70 20.9% 20.9% 94.4% 5.2% 10.9% 1.1x 11.7x 80.4x 0.9x 7.5xDucommun, Inc. DCO 322 28.79 12.6% 12.6% 85.6% 2.5% 10.1% 0.9x 9.3x 12.9x 0.9x 8.2xSegment Average 3.8% 16.1% 2.1x 13.3x 27.9x 2.0x 10.6xSegment Median 4.8% 14.8% 1.5x 12.3x 21.9x 1.5x 10.2x

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

Mohawk Industries, Inc. MHK 17,025$ 229.49$ 14.9% 14.9% 98.2% 5.5% 19.3% 2.2x 10.8x 18.4x 2.1x 10.5xUSG Corp. USG 4,649 31.80 10.1% 10.1% 91.7% 3.2% 12.8% 1.7x 9.5x 20.3x 1.7x 8.0xArmstrong World Industries, Inc. AWI 2,479 46.05 10.2% 10.2% 95.2% 6.5% 17.4% 2.6x 14.1x 28.8x 2.5x 9.2xApogee Enterprises, Inc. APOG 1,708 59.61 11.3% 11.3% 97.7% NM NM 1.5x 10.6x NM 1.3x 8.5xGibraltar Industries, Inc. ROCK 1,301 41.20 -1.1% -1.1% 85.7% 0.1% 9.5% 1.3x 11.1x 39.2x 1.3x 10.1xBuilders FirstSource, Inc. BLDR 1,669 14.90 35.8% 35.8% 94.0% 8.5% 4.8% 0.5x 9.9x 11.7x 0.5x 7.4xAmerican Woodmark Corp. AMWD 1,490 91.80 22.0% 22.0% 99.5% 10.5% 10.6% 1.3x 10.6x 22.4x 1.2x 9.5xAdvanced Drainage Systems, Inc. WMS 1,206 21.90 6.3% 6.3% 76.9% 3.2% 14.0% 1.5x 11.0x 35.9x 1.5x 9.0xContinental Building Products, Inc. CBPX 970 24.50 6.1% 6.1% 92.4% 6.8% 28.6% 2.6x 8.9x 22.7x 2.5x 9.0xInsteel Industries, Inc. IIIN 686 36.14 1.4% 1.4% 84.4% 14.3% 10.4% 1.5x 9.3x 19.9x 1.3x 9.3xArmstrong Flooring, Inc. AFI 514 18.42 -7.5% NA 80.2% 1.6% 1.1% 0.4x 7.7x 69.0x 0.4x 6.2xSegment Average 6.0% 12.9% 1.6x 10.3x 28.8x 1.5x 8.8xSegment Median 6.5% 10.6% 1.5x 10.3x 22.7x 1.3x 9.0x

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 22,755$ 47.17$ 5.6% 5.6% 85.1% 11.1% 16.2% 2.6x 20.3x 37.9x 2.1x 10.7xWhirlpool Corp. WHR 12,762 171.33 -5.7% -5.7% 88.3% 5.0% 9.7% 0.8x 8.4x 14.9x 0.8x 6.8xHanesbrands, Inc. HBI 7,733 20.76 -3.8% -3.8% 68.2% 7.6% 17.8% 1.8x 11.0x 14.8x 1.7x 10.4xGildan Activewear, Inc. GIL 6,203 27.04 6.6% 6.6% 84.0% 9.8% 17.5% 2.6x 12.9x 18.4x 2.4x 11.9xBrunswick Corp. BC 5,479 61.20 12.2% 12.2% 99.1% 8.7% 5.5% 1.2x 10.3x 20.4x 1.1x 8.2xTupperware Brands Corp. TUP 3,178 62.72 19.2% 19.2% 93.8% 1.4% 19.4% 1.7x 10.0x 14.2x 1.7x 8.9xLa-Z-Boy, Inc. LZB 1,318 27.00 -13.0% -13.0% 82.1% 3.7% 10.5% 0.8x 7.8x 16.9x 0.8x 7.4xG-III Apparel Group Ltd. GIII 1,065 21.89 -25.9% -25.9% 42.3% 15.4% (0.3%) 0.6x 10.0x 19.9x 0.5x 8.4xFlexsteel Industries, Inc. FLXS 393 50.40 -18.3% -18.3% 80.0% NM 8.9% 0.7x 8.3x 16.9x NM NMCulp, Inc. CFI 384 31.20 -16.0% -16.0% 82.5% 2.9% 11.6% 1.2x 9.7x 19.7x 1.2x 9.0xJohnson Outdoors, Inc. JOUT 320 36.50 -8.0% -8.0% 80.5% 5.0% 3.8% 0.7x 7.6x 20.2x 0.7x 6.8xCSS Industries, Inc. CSS 236 25.92 -4.2% -4.2% 88.8% NM 14.4% 0.6x 7.4x 7.1x NM NMEscalade, Inc. ESCA 185 12.90 -2.3% -2.3% 87.8% 1.0% 9.9% 1.2x 9.4x 16.1x 1.2x 9.9xBlack Diamond, Inc. BDE 164 5.45 1.9% 1.9% 79.6% 6.2% 0.3% 0.6x NM NM 0.6x 15.8xDelta Apparel, Inc. DLA 134 17.63 -15.0% -15.0% 69.1% 1.0% 3.2% 0.6x 9.7x 18.6x 0.6x 7.1xSegment Average 6.1% 9.9% 1.2x 10.2x 18.3x 1.2x 9.3xSegment Median 5.0% 9.9% 0.8x 9.7x 17.7x 1.1x 8.9x

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 64,715$ 73.19$ 11.8% 11.8% 97.1% 2.7% 29.8% 4.6x 15.9x 26.9x 4.6x 15.4xGeneral Mills, Inc. GIS 33,998 59.01 -4.5% -4.5% 80.9% (1.4%) 21.2% 2.8x 12.8x 21.9x 2.9x 12.8xCampbell Soup Co. CPB 17,423 57.24 -5.3% -5.3% 84.3% 1.0% 23.0% 2.6x 13.3x 35.6x 2.6x 11.3xThe Clorox Co. CLX 17,294 134.83 12.3% 12.3% 96.0% 4.3% 22.4% 3.3x 15.5x 27.1x 3.2x 14.6xCoty, Inc. COTY 13,545 18.13 -1.0% -1.0% 57.4% 56.7% 15.9% 3.5x 23.3x NM 2.3x 12.5xChurch & Dwight Co., Inc. CHD 12,669 49.87 12.9% 12.9% 92.9% 4.5% 23.0% 3.9x 16.3x 28.5x 3.8x 15.7xEdgewell Personal Care Co. EPC 4,200 73.14 0.2% 0.2% 83.1% 0.8% 18.8% 2.3x 12.2x 23.0x 2.3x 11.9xAvon Products, Inc. AVP 1,927 4.40 -12.7% -12.7% 63.2% 1.5% 8.7% 0.6x 6.7x NM 0.6x 6.8xInter Parfums, Inc. IPAR 1,138 36.55 11.6% 11.6% 95.7% 9.8% 6.6% 2.1x 13.8x 34.2x 1.9x 12.3xSegment Average 8.9% 18.8% 2.9x 14.4x 28.2x 2.7x 12.6xSegment Median 2.7% 21.2% 2.8x 13.8x 27.1x 2.6x 12.5x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 8: Manufacturing Report Q1 2017 - sdr-uyfpxh6dk.netdna-ssl.com · Strategic Buyer Inv. Date Select Corporate Acquisitions 3/20/2017 Medallion Plastics, Inc 12/5/2016 KRA International

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 89,957$ 112.21$ 2.4% 2.4% 98.1% 3.5% 13.4% 1.9x 11.1x 18.4x 1.9x 10.4xIllinois Tool Works, Inc. ITW 45,791 132.47 8.2% 8.2% 97.4% 3.7% 25.3% 3.8x 14.5x 23.2x 3.7x 13.8xEaton Corp. Plc ETN 33,261 74.15 10.5% 10.5% 99.4% (0.1%) 15.8% 2.1x 12.0x 17.6x 2.1x 12.2xIngersoll-Rand Plc IR 21,103 81.32 8.4% 8.4% 99.0% 2.9% 12.9% 1.7x 12.0x 14.3x 1.7x 11.3xParker-Hannifin Corp. PH 21,370 160.32 14.5% 14.5% 99.4% 15.5% 13.9% 2.0x 14.0x 24.7x 1.8x 10.8xRockwell Automation, Inc. ROK 20,024 155.71 15.9% 15.9% 99.0% 4.2% 21.0% 3.3x 16.4x 26.8x 3.2x 14.5xHubbell, Inc. HUBB 6,656 120.05 2.9% 2.9% 95.3% 3.5% 17.3% 2.1x 11.9x 22.9x 2.0x 11.7xColfax Corp. CFX 4,823 39.26 9.3% 9.3% 93.5% (1.2%) 13.6% 1.7x 13.3x 37.8x 1.7x 12.4xCrane Co. CR 4,449 74.83 3.8% 3.8% 94.8% (0.5%) 17.3% 1.7x 10.1x 36.1x 1.7x 9.3xBarnes Group, Inc. B 2,758 51.34 8.3% 8.3% 98.8% 8.4% 22.4% 2.6x 11.5x 20.7x 2.4x 10.8xActuant Corp. ATU 1,560 26.35 1.5% 1.5% 88.4% 1.6% 10.3% 1.8x 14.8x 32.1x 1.8x 12.9xEnPro Industries, Inc. NPO 1,524 71.16 5.6% 5.6% 99.2% 5.9% 9.7% 1.8x 14.8x NM 1.7x 11.9xAlbany International Corp. AIN 1,332 46.05 -0.5% -0.5% 93.0% 9.0% 20.9% 2.3x 10.3x 28.1x 2.1x 8.7xChart Industries, Inc. GTLS 1,072 34.94 -3.0% -3.0% 85.5% 5.7% 5.2% 1.2x 9.6x 38.4x 1.1x 11.7xColumbus McKinnon Corp. CMCO 503 24.82 -8.2% -8.2% 84.9% 30.1% 9.3% 1.1x 10.1x 25.9x 0.9x 6.3xSegment Average 6.2% 15.2% 2.1x 12.4x 26.2x 2.0x 11.2xSegment Median 3.7% 13.9% 1.9x 12.0x 25.3x 1.8x 11.7x

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 110,277$ 80.56$ 13.1% 13.1% 90.2% 4.6% 29.6% 4.5x 14.9x 28.5x 4.3x 13.3xDentsply Sirona, Inc. XRAY 14,341 62.44 8.2% 8.2% 94.9% 8.9% 21.8% 4.1x 20.8x 32.2x 3.7x 14.9xHologic, Inc. HOLX 11,884 42.55 6.1% 6.1% 99.0% (0.4%) 36.0% 5.1x 14.0x 36.4x 5.2x 14.0xABAXIS, Inc. ABAX 1,093 48.50 -8.1% -8.1% 86.7% 6.7% 24.0% 4.2x 18.2x 33.0x 4.0x 18.0xAnalogic Corp. ALOG 948 75.90 -8.5% -8.5% 79.2% (3.0%) 14.8% 1.5x 10.4x 40.4x 1.6x 10.4xInteger Holdings Corp. ITGR 1,246 40.20 36.5% 36.5% 96.2% 2.6% 18.6% 2.1x 11.1x 211.6x 2.1x 9.9xAngioDynamics, Inc. ANGO 645 17.35 2.8% 2.8% 95.4% 1.1% 15.4% 2.0x 15.2x NM 2.0x 11.9xMisonix, Inc. MSON 106 11.80 12.9% 12.9% 98.3% NM (22.1%) 3.9x NM NM NM NMAmedica Corp. AMDA 15 0.41 -35.0% -35.0% 14.6% NM NM 0.8x NM NM NM NMAllied Healthcare Products, Inc. AHPI 8 2.00 -0.1% -0.1% 52.4% NM (1.1%) 0.2x NM NM NM NMSegment Average 2.9% 15.2% 2.8x 14.9x 63.7x 3.3x 13.2xSegment Median 2.6% 18.6% 3.0x 14.9x 34.7x 3.7x 13.3x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 11: Manufacturing Report Q1 2017 - sdr-uyfpxh6dk.netdna-ssl.com · Strategic Buyer Inv. Date Select Corporate Acquisitions 3/20/2017 Medallion Plastics, Inc 12/5/2016 KRA International

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA3/31/2017 GLJ LLC LKCM Capital Group LLC Durable Consumer - - -

3/31/2017 Additive Innovations LLC Watershed Idea Foundry, Inc. Medical - - -

3/31/2017 B&H Police Supply LLC Intelligent Learning Extended

Organisation

Aerospace & Defense - - -

3/31/2017 Duralee Fabrics Ltd. The Robert Allen Group, Inc.; Altamont

Capital Management LLC

Durable Consumer - - -

3/31/2017 Fortitude Industries, Inc. PKC Group Oyj Industrial 9.25 1.16x -

3/30/2017 Elvex Corp. Delta Plus Group SA Non-Durable Consumer - - -

3/30/2017 Incite Brands LLC (Manufacturing Assets) Bahamas Development Corp. Non-Durable Consumer - - -

3/30/2017 Warehouse Energy Power, Inc. Crown Battery Manufacturing Co. Durable Consumer - - -

3/29/2017 Alyan Pump LLC PumpMan, Inc. Industrial - - -

3/29/2017 Armada World Amer Sports Oyj Durable Consumer 4.10 0.41x -

3/29/2017 Comtelco Industries, Inc. Mobile Mark, Inc. Industrial - - -

3/29/2017 Exar Corp. MaxLinear, Inc. Industrial 439.57 - -

3/29/2017 PAS Technologies, Inc. StandardAero Business Aviation

Services LLC; Veritas Capital Fund

Management LLC; NB Alternatives

Advisers LLC

Aerospace & Defense - - -

3/28/2017 NuTech Medical, Inc. Organogenesis, Inc. Medical - - -

3/27/2017 Sealed Air Corp (Diversey Care & Food Hygiene

Business)

Bain Capital Investors LLC Industrial 3,200.00 - -

3/27/2017 Ball Corp. (Metal Packaging Business) BWAY Corp.; Stone Canyon Industries,

LLC

Building Products - - -

3/27/2017 Graphic Automation & Controls, Inc. AIP LLC; Goss International Corp. Industrial - - -

3/27/2017 Kenway Corp. Creative Pultrusions, Inc. Industrial - - -

3/27/2017 Vamco International, Inc. Nidec Minster Corp. Industrial - - -

3/26/2017 B&H Gun Sales, Inc Intelligent Learning Extended

Organisation

Aerospace & Defense - - -

3/24/2017 Diatech LLC Coltene Holding AG Medical - - -

3/24/2017 Research Foundation of SUNY (Certain Assets) Akoustis Technologies, Inc. Industrial 1.00 - -

3/23/2017 Ion Worldwide, Inc. Sky Light Holdings Ltd. Durable Consumer 86.20 - -

3/23/2017 Overhead Door Co. of Bountiful The Miner Corp. Building Products - - -

3/22/2017 Hausmann Industries, Inc. Dynatronics Corp. Medical 10.00 0.65x 6.67x

3/22/2017 Skarnes, Inc. RMH Systems, Inc. Industrial - - -

3/21/2017 Analytical Industries, Inc. Battery Ventures; Process Sensing

Technologies Ltd.

Medical - - -

3/21/2017 Buhler Quality Yarns Corp. Samil Chemical Co., Ltd. Industrial - - -

3/21/2017 Chelsea Building Products, Inc. aluplast GmbH Building Products - - -

3/21/2017 Magnetic & Penetrant Services Co., Inc. Valence Surface Technologies LLC;

Trive Capital LLC

Aerospace & Defense - - -

3/21/2017 Marshall Excelsior Co. Harbour Group Industries, Inc. Industrial - - -

3/21/2017 Quality Products, Inc. Golden Gate Private Equity, Inc.;

Tronair, Inc.

Aerospace & Defense - - -

3/20/2017 Custom Glass Atlanta, Inc. Installed Building Products, Inc. Building Products - - -

3/20/2017 Marox Corp. Argosy Private Equity; Sussex Wire, Inc. Medical - - -

3/20/2017 Medallion Plastics, Inc Patrick Industries, Inc. Industrial 10.00 0.50x -

3/20/2017 Safway Group Holding LLC Brand Energy & Infrastructure Services,

Inc.; Clayton Dubilier & Rice LLC

Building Products - - -

3/20/2017 Universal Asset Management, Inc. Aircraft Recycling International Ltd. Aerospace & Defense - - -

3/20/2017 Zephyr Photonics, Inc. Inneos LLC Aerospace & Defense - - -

3/18/2017 Nashtec LLC Nabaltec AG Industrial - - -

3/17/2017 Advanced Environmental Recycling Technologies, Inc. Oldcastle Architectural, Inc. Building Products 77.95 0.57x 3.44x

3/17/2017 Arctic Sand Technologies, Inc. Peregrine Semiconductor Corp.; Murata

Electronics North America, Inc.

Durable Consumer 68.00 - -

3/17/2017 Carlyle Custom Convertible Ltd. Carlyle Custom Convertible Ltd. (Glazer) Building Products - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA3/17/2017 Human Design Medical LLC Fosun Pharma Industrial Pte Ltd. Medical - - -

3/16/2017 Eastman Outdoors, Inc. Snow Phipps Group LLC; Feradyne

Outdoors LLC

Durable Consumer - - -

3/16/2017 Premier Thermal Solutions LLC Z Capital Partners LLC (Private Equity) Industrial - - -

3/16/2017 Princeton Optronics, Inc. ams AG Industrial 128.30 - -

3/16/2017 Scott Technologies, Inc. 3M Co. Medical 2,000.00 3.51x 11.00x

3/15/2017 Dorner Holding Corp. EQT Partners AB Industrial - - -

3/14/2017 Aero Transportation Products, Inc. Westinghouse Air Brake Technologies

Corp.

Industrial - - -

3/14/2017 Motherlode LLC Eastside Distilling, Inc. Durable Consumer 0.39 - -

3/13/2017 RAF Fluid Power, Inc. Electro-Matic Ventures, Inc. Industrial - - -

3/10/2017 Track Group, Inc. (R.A.D.A.R Product) Lifeloc Technologies, Inc. Aerospace & Defense 0.86 - -

3/10/2017 Plastic Components, Inc. Morgenthaler Management Corp. Industrial - - -

3/9/2017 Aquafly Flydive, Inc. Durable Consumer - - -

3/9/2017 Bird Rock Coffee Roasters, Inc. Coffee Roasting Co. Non-Durable Consumer - - -

3/8/2017 BionX Medical Technologies, Inc. Ottobock HealthCare GmbH Medical - - -

3/7/2017 Ardox Corp. Wilo USA LLC Industrial - - -

3/7/2017 Avant Aerospace, Inc. West Star Aviation, Inc. Aerospace & Defense - - -

3/7/2017 Daylight Solutions, Inc. DRS Technologies, Inc. Medical 150.00 - -

3/7/2017 Karak Machine Corp. Wilo USA LLC Industrial - - -

3/7/2017 Kymeta Corp. Intelsat SA Aerospace & Defense - - -

3/7/2017 Playcraft Systems LLC PlayCore, Inc.; Sentinel Capital Partners

LLC

Durable Consumer - - -

3/6/2017 Handy & Harman Ltd. Steel Partners Holdings LP Industrial 601.15 - -

3/6/2017 Hodell-Natco Inds, Inc. (Packaged Fastener & Master

Dist Business)

Harbour Group Industries, Inc.;

Lindstrom Metric LLC; Audax

Mezzanine

Industrial - - -

3/6/2017 Quality Hardwood Sales LLC Universal Forest Products, Inc. Durable Consumer - - -

3/3/2017 Essen BioScience, Inc. Sartorius AG Industrial 320.00 - -

3/3/2017 Manufacturers Supply Co. Fastenal Co. Durable Consumer - - -

3/3/2017 Weil Pump Co Inc Wilo USA LLC Industrial - - -

3/2/2017 dcFusion LLC EnSync, Inc. Industrial - - -

3/2/2017 GCP Applied Technologies, Inc. (Darex Packaging

Technologies)

Henkel AG & Co. KGaA Building Products 1,050.00 - -

3/2/2017 Grindmaster-Cecilware Corp. Electrolux AB Non-Durable Consumer 108.00 1.66x -

3/2/2017 Johnson Industries International, Inc. Tetra Pak International SA Non-Durable Consumer - - -

3/2/2017 Nippon Paper Industries Usa Co. Ltd. (Washington

Plant)

Bio-PAPPEL SAB de CV; Durango

McKinley Paper Co.

Industrial - - -

3/2/2017 Sols Systems, Inc. Aetrex Worldwide, Inc. Medical - - -

3/2/2017 CAbi LLC Sentinel Capital Partners LLC Durable Consumer - - -

3/1/2017 High End Systems, Inc. Electronic Theatre Controls, Inc. Durable Consumer - - -

3/1/2017 Linson Holdings, Inc. Lund International Holding Co. Industrial - - -

3/1/2017 Swede-O, Inc. Core Products International, Inc. Durable Consumer - - -

2/28/2017 J.T. Posey Co. Golub Capital Partners LLC; TIDI

Products LLC; Roundtable Healthcare

Management, Inc.

Medical - - -

2/28/2017 Wilson-Hurd Manufacturing Co., Inc. Superior Capital Partners LLC; Nelson-

Miller, Inc.

Medical - - -

2/28/2017 National Metal Fabricators LLC (Mission Critical Facility

Assets)

Brennan Investment Group LLC Industrial - - -

2/27/2017 German Pellets GmbH (2 Subsidiaries) Drax Group Plc Building Products 35.40 - -

2/27/2017 Persimmon Technologies Corp. Sumitomo Heavy Industries, Ltd. Durable Consumer 32.04 5.54x -

2/27/2017 Proton Energy Systems, Inc. NEL ASA Industrial 70.00 2.59x -

2/27/2017 Pexco LLC Kohlberg & Co. LLC; PPC Industries,

Inc.

Industrial - - -

2/25/2017 Analogix Semiconductor, Inc. Jiangxin Zhiben (Shanghai) Technology

Co., Ltd.

Industrial - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA2/24/2017 Lithiumstart, Inc. EaglePicher Technologies, LLC; Vectra

Corp.

Industrial - - -

2/24/2017 IOTA Engineering LLC IGP Industries LLC; Iota Engineering

LLC (Private Group)

Durable Consumer - - -

2/23/2017 Dana Hoiles Ltd. SNM Global Holdings Durable Consumer - - -

2/23/2017 MasterImage 3D, Inc. RealD, Inc.; Rizvi Traverse Management

LLC

Durable Consumer - - -

2/22/2017 American Tube Manufacturing, Inc. Zekelman Industries, Inc. Industrial - - -

2/22/2017 Coleman Aerospace Aerojet Rocketdyne Holdings, Inc. Aerospace & Defense 15.00 - -

2/22/2017 StingRay Optics LLC Gooch & Housego Plc Industrial 20.00 2.60x -

2/21/2017 Atlas Lighting Products, Inc. LSI Industries, Inc. Durable Consumer 97.49 1.73x 10.05x

2/21/2017 Whirlpool Corp. (Three Properties) Phoenix Investors LLC Durable Consumer - - -

2/20/2017 Vention Medical, Inc. (Advanced Technologies

Business)

Nordson Corp. Medical 705.00 4.70x 14.69x

2/20/2017 Vention Medical, Inc. (Device Manufacturing Services

Business)

JLL Partners, Inc.; MedPlast Tempe,

Inc.; Water Street Healthcare Partners

LLC

Medical - - -

2/17/2017 Bestway Concrete Co. BURNCO Rock Products Ltd. Building Products - - -

2/17/2017 Covestro LLC (Foam Business) Accella Performance Materials, Inc.;

Arsenal Capital Management LP

Industrial - - -

2/17/2017 Inovus Solar, Inc. SolarOne Solutions, Inc. Durable Consumer - - -

2/17/2017 LMI Aerospace, Inc. Sonaca USA, Inc. Aerospace & Defense 428.26 1.24x 12.38x

2/17/2017 Precision Technology USA, Inc. Hunt Valve Co., Inc.; May River Capital

LLC

Industrial - - -

2/17/2017 Torax Medical, Inc. Ethicon Suture Laboratories Medical - - -

2/16/2017 Brek Manufacturing Co. Aernnova Aerospace SA Aerospace & Defense - - -

2/16/2017 Elemetal Recycling LLC DGSE Cos., Inc. Industrial - - -

2/16/2017 Kohler Interiors Group Ltd. Samson Investment Holding Co. Durable Consumer 29.50 - -

2/16/2017 Mariak Industries, Inc. Springs Window Fashions LLC Durable Consumer - - -

2/16/2017 Victus Sports LLC Marucci Sports LLC Durable Consumer - - -

2/16/2017 Surface Preparation Technologies LLC Branford Castle, Inc.; Surface

Preparation Technologies, Inc. (Private

Group)

Building Products - - -

2/15/2017 ATC, Inc. Pfeiffer Vacuum Technology AG Industrial - - -

2/15/2017 Depuy Synthes, Inc. (Codman Neurosurgery Business) Integra LifeSciences Holdings Corp. Medical 1,045.00 - -

2/15/2017 Guy Metals, Inc. Ryerson Holding Corp. Industrial - - -

2/15/2017 Heartland Steel Products LLC LFM Capital LLC Industrial - - -

2/15/2017 Friedrich Air Conditioning Co. Ltd. Monomoy Capital Partners LLC Durable Consumer - - -

2/14/2017 AML Industries, Inc. (Ohio) Moresco USA, Inc. Industrial - - -

2/14/2017 Cynosure, Inc. Hologic, Inc. Medical 1,426.61 3.29x 29.72x

2/14/2017 J. Grant & Co., Inc. Quality International Packaging Ltd. Durable Consumer - - -

2/14/2017 Middle Peak Medical, Inc. Symetis SA; Truffle Capital SAS Medical - - -

2/14/2017 Semiconductor Technology, Inc. Now Electronics, Inc.; Twilight

Technology, Inc.; Semiconductor

Technology, Inc. (Private Group)

Industrial - - -

2/14/2017 Performance Motorsports, Inc. Kinderhook Industries LLC Industrial 150.00 - -

2/13/2017 GigPeak, Inc. Integrated Device Technology, Inc. Industrial 185.33 3.15x 16.83x

2/13/2017 Pacific Research & Engineering Corp. Wheatstone Corp. Durable Consumer - - -

2/13/2017 U.S. Manufacturing Corp. (Michigan Operations) Dana, Inc. Industrial 100.00 - -

2/13/2017 Banker Steel Co. LLC Atlas FRM LLC Building Products - - -

2/11/2017 Signicast LLC Kenner & Co., Inc.; Dynacast

International, Inc.; Partners Group

(Private Equity)

Building Products - - -

2/10/2017 A1 Mist Sprayers Resources, Inc. Valley Industries LLP; Comet USA, Inc. Industrial - - -

2/10/2017 Finesse Solutions, Inc. Thermo Fisher Scientific, Inc. Medical - - -

2/10/2017 Xume Adapters Manfrotto UK Ltd. Durable Consumer - - -

2/9/2017 Letica Corp. RPC Group Plc Non-Durable Consumer 640.00 1.42x 11.23x

2/9/2017 Misfit Wearables Corp. TASER International, Inc. Durable Consumer - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA2/9/2017 Charps Welding & Fabricating, Inc. Main Street Capital Partners LLC;

Charps Welding & Fabricating, Inc.

(Private Group)

Industrial - - -

2/8/2017 Deckers Outdoor Corp. Marcato Capital Management LP Durable Consumer - - -

2/8/2017 Ecliptek Corp. ILSI America LLC Industrial - - -

2/8/2017 Old Dominion Brush Co., Inc. Alamo Group, Inc. Industrial 20.00 - -

2/7/2017 International Laboratories LLC Quality Packaging Specialists

International LLC

Medical - - -

2/7/2017 GenTek, Inc. Industrial Opportunity Partners LLC;

Gentek, Inc. (Private Group)

Industrial - - -

2/7/2017 Rad Source Technologies, Inc. Weihai Weigao Equity Investment

Management Co., Ltd.

Medical - - -

2/6/2017 Alabama Metal Industries Corp. (US Bar Grating

Assets)

Fisher & Ludlow, Inc. Building Products - - -

2/6/2017 Anova Applied Electronics, Inc. Electrolux AB Durable Consumer 250.00 - -

2/6/2017 Argon Medical Devices, Inc. (Critical Care Business) Merit Medical Systems, Inc. Medical 10.00 - -

2/6/2017 Catheter Connections, Inc. Merit Medical Systems, Inc. Medical 38.00 - -

2/6/2017 MinusNine Technologies, Inc. Audax Private Equity; Innovative

Chemical Products Group LLC; ICP

Industrial, Inc.

Industrial - - -

2/6/2017 Plastic Tubing Industries, Inc. Advanced Drainage Systems, Inc. Industrial 9.50 0.86x -

2/6/2017 Royal Enterprises America, Inc Forterra, Inc.; Lone Star Global

Acquisitions Ltd.

Building Products 35.50 - -

2/6/2017 Wafab International, Inc. Kinetics Holding GmbH Industrial - - -

2/3/2017 Felt Racing LLC Skis Rossignol SAS; Altor Equity

Partners AB; Sandbridge Capital LLC

Durable Consumer - - -

2/3/2017 Her Container Corp. Metalmark Management LLC; Fisher

Container Corp (Private Group)

Durable Consumer - - -

2/3/2017 Mid-West Spring Manufacturing Co., Inc. Mid-West Spring Manufacturing Co.,

Inc. (Management)

Industrial - - -

2/3/2017 Vatech America, Inc. Value Added Technology Co., Ltd. Medical 19.35 - -

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

2/2/2017 Marine Digital Integrators LLC SeaStar Solutions Durable Consumer - - -

2/2/2017 Revolution Cycles, Inc. Trek Bicycle Corp. Durable Consumer - - -

2/2/2017 Ultratech, Inc. Veeco Instruments, Inc. Industrial 508.28 2.62x 33.01x

2/1/2017 APC Brands, Inc. PlayCore, Inc.; Sentinel Capital Partners

LLC

Building Products - - -

2/1/2017 Century Industrial Coatings, Inc. Axalta Coating Systems Ltd. Building Products - - -

2/1/2017 Helac Corp. Parker-Hannifin Corp. Industrial - - -

2/1/2017 K&M Precision Products Co. Blue Point Capital Partners LLC; Alco

Manufacturing Corp. LLC

Industrial - - -

2/1/2017 PWV Studio Ltd. Scott Group Custom Carpets, Inc. Durable Consumer - - -

2/1/2017 Southeastern Dock & Door LLC Assa Abloy AB Industrial - - -

2/1/2017 The Original Cast Lighting, Inc. Legrand North America LLC Durable Consumer - - -

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

Business)

The Sterling Group LP; Dexter Axle Co. Industrial - - -

2/1/2017 Tec Industries LLC Liberty Hall Capital Partners LP Aerospace & Defense - - -

1/31/2017 EP Global Communications, Inc. InWith Corp. Medical 437.89 - -

1/31/2017 Exactech, Inc. (Spine Products Business) ChoiceSpine LP Medical - - -

1/31/2017 Fire Detection Systems LLC Tech Electronics, Inc. (Missouri) Durable Consumer - - -

1/31/2017 KSB AMRI, Inc. Bray International, Inc. Industrial - - -

1/31/2017 Aakash Chemicals & Dyestuffs, Inc. CenterOak Partners LLC Industrial - - -

1/31/2017 Task Force Tips, Inc. Madison Industries Industrial - - -

1/30/2017 Advanced Technology International, Inc. Analytic Services, Inc. Aerospace & Defense - - -

1/30/2017 ElectraTherm, Inc. Bitzer US, Inc. Industrial - - -

1/30/2017 Red Wolf Co. LLC Broadwind Energy, Inc. Industrial 26.40 - -

1/30/2017 Schwartz & Benjamin, Inc. (United States Business) Steven Madden Ltd. Durable Consumer - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA1/27/2017 Automated Design Services, Inc. Dixon Valve & Coupling Co. Industrial - - -

1/26/2017 Mega Arms LLC ZEV Technologies, Inc. Aerospace & Defense - - -

1/26/2017 Thermal Management Solutions LLC Egide SA Industrial 6.15 - -

1/26/2017 Arrow Tru-Line, Inc. Sun Capital Partners, Inc. Building Products - - -

1/25/2017 Arctic Cat, Inc. Textron, Inc. Durable Consumer 310.23 0.61x -5.12x

1/25/2017 CSES Group, Inc. Source Financial, Inc. Industrial 86.57 - -

1/25/2017 Linear Ams, Inc. Moog, Inc. Aerospace & Defense 0.01 0.00x -

1/25/2017 Outokumpo (US Quarto Plate Mill) D'Orazio Capital Partners LLC;

Outokumpo (US Quarto Plate Mill

((Private Group))

Industrial 30.11 - -

1/25/2017 Art Van Furniture, Inc. Thomas H. Lee Partners LP Durable Consumer - - -

1/24/2017 Certon Software, Inc. Cyient, Inc. Aerospace & Defense 7.50 1.03x -

1/23/2017 Westrock Co. (Specialty Closures & Dispensing

Systems Business)

Silgan Holdings, Inc. Industrial 1,050.00 1.86x 10.61x

1/23/2017 Additive Manufacturing LLC Galenfeha, Inc. Industrial 14.00 - -

1/23/2017 Advanced Radar Corp. NDP LLC Aerospace & Defense - - -

1/23/2017 American Fire Equipment Sales & Service Corp. The Hiller Cos., Inc. Industrial - - -

1/23/2017 Biotest Pharmaceuticals Corp. (MfG & Therapy-Related

Assets)

Aisling Capital LLC; ADMA Biologics,

Inc.; Biomark Capital Management Co.

LLC

Medical - - -

1/23/2017 Carolina Seal, Inc. Trelleborg Sealing Solutions Sweden AB Industrial - - -

1/20/2017 Daylight Pump LLC Southvest BDC LLC Industrial 0.40 - -

1/20/2017 Jaclyn, Inc. Golden Touch Imports, Inc. Durable Consumer 27.63 0.17x 36.36x

1/20/2017 Megadyne Medical Products, Inc. Ethicon Endo-Surgery, Inc. Medical - - -

1/19/2017 Azaya Therapeutics, Inc. Cytori Therapeutics, Inc. Medical 170.25 - -

1/19/2017 Bolton Medical, Inc. Terumo Corp. Medical - - -

1/19/2017 CES Danbury Solar LLC ConEdison Solutions, Inc. Building Products - - -

1/19/2017 Encision, Inc. The OR Co. LLC Medical - - -

1/19/2017 The Laserflex Corp. Ryerson Holding Corp. Industrial - - -

1/19/2017 W. Thomas Co. NEJ, Inc. Durable Consumer - - -

1/19/2017 Kwik Tek, Inc. Falconhead Capital LLC; Kwik Tek, Inc.

(Private Group 2); M3 Outdoor

Investments LLC

Durable Consumer - - -

1/18/2017 Washington Laboratories, Inc. Mace Security International, Inc. Durable Consumer - - -

1/17/2017 Fargo Assembly Co. Electrical Components International,

Inc.; KPS Capital Partners LP

Industrial - - -

1/17/2017 HETSCO, Inc. Chart Lifecycle, Inc. Industrial 22.00 - -

1/17/2017 MacNeill Engineering Co., Inc. Centre Partners Management LLC;

Pride Manufacturing Co. LLC

Industrial - - -

1/17/2017 EDSCO Fasteners, Inc. LFM Capital LLC Industrial - - -

1/16/2017 Best Carbide Cutting Tools, Inc. CERATIZIT USA, Inc. Aerospace & Defense - - -

1/16/2017 RainDance Technologies, Inc. Bio-Rad Laboratories, Inc. Medical - - -

1/13/2017 Randall Manufacturing LLC The Sterling Group LP; Safe Fleet

Acquisition Corp.

0 - - -

1/13/2017 J. Palmero Sales Co. Hu-Friedy Manufacturing Co., LLC Medical - - -

1/13/2017 Southwest Steel Fabricators, Inc. Four Pillars Investors LLC Industrial - - -

1/13/2017 Midland Stamping & Fabricating Corp. Speyside Equity LLC Industrial - - -

1/12/2017 Halco America LLC (Manufacturing Business) Robit USA LLC Industrial - - -

1/12/2017 Jetpack America Flydive, Inc. Durable Consumer - - -

1/12/2017 AutomationSolutions, Inc. Saw Mill Capital LLC;

Automationsolutions Inc (Private Group)

Industrial - - -

1/11/2017 The Aaron Group Co. Richline Group, Inc. Durable Consumer - - -

1/11/2017 TM Window & Door LLC Awp Windows & Door LLC Building Products - - -

1/11/2017 Universal Acoustic & Emission Technologies, Inc. Babcock & Wilcox Enterprises, Inc. Industrial 55.00 - -

1/11/2017 Dedicated Computing LLC McNally Capital LLC; Two Roads Group

LLC; Dedicated Computing LLC (Private

Group)

Industrial - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA1/10/2017 C&F Tooling, Inc. QT Industries LLC Industrial - - -

1/10/2017 Chiaro Technologies LLC Cognex Corp. Industrial - - -

1/10/2017 Carnegie Fabrics LLC Calera Capital Advisors LP Building Products - - -

1/10/2017 Mortara Instrument, Inc. Hill-Rom Holdings, Inc. Medical 330.00 2.87x -

1/10/2017 SGL Carbon Fibers LLC Mitsubishi Rayon Co., Ltd.; Mitsubishi

Rayon Carbon Fiber & Composites, Inc.

Industrial - - -

1/10/2017 Gared Holdings LLC Gen Cap America, Inc.; Gared Holdings

LLC (Private Group)

Durable Consumer - - -

1/10/2017 Vital Link, Inc. Atec, Inc. Industrial - - -

1/10/2017 Younique LLC Coty, Inc. Non-Durable Consumer 1,000.00 - -

1/10/2017 Spectrum Corp. (Pennsylvania Assets) Spectrum (United States)(Kelly) Durable Consumer - - -

1/9/2017 The Colman Group, Inc. Carlisle Cos., Inc. Non-Durable Consumer - - -

1/9/2017 Bryant Boats, Inc. Correct Craft, Inc. Durable Consumer - - -

1/9/2017 Cooper Valves LLC Forum Energy Technologies, Inc. Industrial - - -

1/9/2017 Jim Fletcher Archery Aids, Inc. Bear Archery, Inc. Durable Consumer - - -

1/9/2017 Land of The Sky Mobile Canning LLC Iron Heart Canning Co Non-Durable Consumer - - -

1/9/2017 Seabrook International LLC ARCH Global Precision LLC Medical - - -

1/9/2017 SMART Temps LLC Digi International, Inc. Industrial - - -

1/9/2017 Solid Surfaces, Inc. O2 Investment Partners LLC; Tecum

Capital Management, Inc.; Oakland

Standard Co. LLC; Clio Holdings LLC

Building Products - - -

1/9/2017 AmeriWater LLC Empire Investment Holdings LLC Industrial - - -

1/9/2017 Anvil International LLC OEP Capital Advisors LP Industrial 315.00 - -

1/6/2017 Diversified Silicone Products, Inc. Rogers Corp. Industrial - - -

1/6/2017 DLX Industries, Inc. Royal Industries, Inc. (New York) Durable Consumer - - -

1/6/2017 Lexington Furniture Industries, Inc. Luolai Lifestyle Technology Co., Ltd.;

Lexington Furniture Industries, Inc.

(Private Group); Shanghai Yixing

Investment Management Co. Ltd.

Durable Consumer - - -

1/6/2017 TeraDiode, Inc. Panasonic Corp. Industrial - - -

1/5/2017 Polytorx LLC Pensmore Reinforcement Technologies

LLC

Building Products - - -

1/5/2017 Sears Holdings Corp. (Craftsman Tool Business) Stanley Black & Decker, Inc. Building Products 900.00 - -

1/5/2017 ThingMagic, Inc. Novanta Corp.; Jadak Technologies,

Inc.; Jadak LLC

Industrial 20.00 - -

1/4/2017 3PS, Inc. McCoy Global, Inc. Aerospace & Defense 6.10 - -

1/4/2017 Aviation & Specialty Doors LLC Reddi Industries, Inc. Building Products - - -

1/4/2017 Innotech Security, Inc. Costar Video Systems LLC Durable Consumer 15.50 1.94x -

1/4/2017 Overhead Door Co. Reddi Industries, Inc. Building Products - - -

1/4/2017 Material Sciences Corp. Material Sciences Corp. (Management) Building Products - - -

1/3/2017 Clayton Corp. (Foam Division) DAP Products, Inc. Building Products - - -

1/3/2017 Dr. Fresh LLC Clayton Dubilier & Rice LLC; High Ridge

Brands Co.

Medical - - -

1/3/2017 Henkel Electronic Materials LLC (Loctite(R) solder bar

Business)

Nathan Trotter & Co., Inc. Industrial - - -

1/3/2017 Inolex Group, Inc. (Lexolube Business) Zschimmer & Schwarz, Inc. Industrial - - -

1/3/2017 Integral Aerospace LLC Admiralty Partners, Inc. Aerospace & Defense - - -

1/3/2017 Presto Absorbent Products, Inc. Drylock Technologies Ltd. Non-Durable Consumer 67.00 - -

1/3/2017 Bentley Mills, Inc. Lone Star Investment Advisors LLC Durable Consumer - - -

1/3/2017 Windsor Republic Door, Inc. Allegion Plc Building Products - - -

1/3/2017 Richardson Molding, Inc. Owner Resource Group LLC Industrial - - -

1/2/2017 Smart Corp. LLC AIP LLC Building Products - - -

1/1/2017 Faraday Bicycles, Inc. Pon Holdings BV;

Houdstermaatschappij Wilg BV

Durable Consumer - - -

1/1/2017 Deer Crossing Archery LLC Deer Crossing Archery LLC

(Hinegardner)

Durable Consumer - - -