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Industry Update: Industrial & Manufacturing Industry M&A Update – June, 2016

June, 2016.

For year-to-date 2016, strategic buyers accounted for 91% of industrial & manufacturing M&A transactions

During 2015, strategic buyers accounted for just over 90% of the transactions

For closed transactions, industrial & manufacturing transaction multiples increased from 8.4x EBITDA and 1.3x revenue in 2014 to 10.5x EBITDA and 1.1x revenue in 2015

Notable publicly announced 2016 M&A transactions:

– American Securities signed a definitive agreement to acquire Blount International, Inc. for $882 million

– Acon Investment, Fairfax Financial Holdings and Albright Capital Management made an offer to acquire APR Energy plc for approximately $771 million

– LKQ Corporation entered into a definitive merger agreement to acquire Pittsburgh Glass Works LLC for approximately $635 million

– Southern Company entered into an agreement to acquire PowerSecure International, Inc. for approximately $445 million

– Salini Impregilo S.p.A. agreed to acquire Lane Industries, Inc. for approximately $410 million

Notable IPO’s include CNX Coal Resources LP, Green Plains Partners LP, Milacron Holdings, JELD-WEN Holdings, Inc. and Atkore International Group, Inc.

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