1、Investment Banking&Securities Offered Through SDR Capital Markets,LLC,Member FINRA&SIPC.DateDateTargetTargetBuyerBuyerSegmentSegmentAmountAmount($in Mil)($in Mil)TEV/TEV/RevRevTEV/TEV/EBITDAEBITDA1 2/1/2022Emtek ProductsFortune Brands Home&Security Home Goods800.00-1 1/3/2022CyberopticsNordson Elect

2、rical Equipment359.333.5x1 7.7x1 1/1/2022DuPont(Mobility And Materials Business)Celanese Industrial Supplies and Parts1 1,000.00-1 0/27/2022Altra Industrial MotionRegal Rexnord Electrical Equipment4,751.802.4x23.7x9/1/20223M(3Ms Food Safety Business)Neogen Business Equipment and Supplies6,300.00-8/2

3、9/2022PolyHewlett-Packard Business Equipment and Supplies3,1 45.731.9x27.4x7/28/2022Manitowoc IcePentair Machinery(B2B)1,600.00-7/20/2022Cornerstone Building BrandsClayton,Dubilier&RiceBuilding Products1 0,31 6.091.6x5.1 x7/1 5/2022HydraForceBosch RexrothElectrical Equipment1,21 5.00-7/1 1/2022Barre

4、tte Outdoor LivingOldcastle APGBuilding Products1,900.00-7/5/2022Safran Aerosystems Arresting CompanyCurtiss-Wright Industrial Supplies and Parts240.00-7/1/2022ElkayZurn Water Solutions Home Goods1,560.00-If You Are a Business Owner Looking for Additional Transaction Activity If You Are a Business O

5、wner Looking for Additional Transaction Activity Within Your Industry,Please Call Our Offices at 720.221.9220.Within Your Industry,Please Call Our Offices at 720.221.9220.445113647482904080120160Strategic50%Financial50%-60%-50%-40%-30%-20%-10%0%10%20%Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22J

6、ul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22Building ProductsElectrical EquipmentIndustrial Supplies and PartsBusiness Equipment and SuppliesMachinery(B2B)Home GoodsS&P 500 Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDAPr

7、ice/EPSTEV/NTM RevenueTEV/NTM EBITDABuilders FirstsourceBLDR9,549$64.88$(24.3%)(24.3%)75.0%(31.2%)1 9.0%0.6x3.0 x4.0 x0.8x7.6xAdvanced Drainage SystemsWMS6,792 81.97 (39.8%)(39.8%)53.4%(5.2%)25.4%2.4x9.5x1 5.2x2.5x8.7xMohawk IndustriesMHK6,494 1 02.22 (43.9%)(43.9%)53.2%(5.7%)8.6%0.8x8.9xNM0.8x6.4xA

8、ustralian Foundation Investment CompanyAFI6,236 5.05 (1 7.7%)(1 7.7%)78.4%NMNMNMNM23.7xNMNMArmstrong World IndustriesAWI3,1 32 68.59 (40.9%)(40.9%)58.3%5.9%29.3%3.1 x1 0.6x1 6.7x2.9x9.0 xGibraltar IndustriesROCK1,421 45.88 (31.2%)(31.2%)66.8%1.7%1 0.5%1.1 x1 0.4x1 6.8x1.1 x8.1 xApogee EnterprisesAPO

9、G988 44.46 (7.7%)(7.7%)88.1%2.1%9.3%0.9x9.2x1 4.3x0.8x7.5xJeld-WenJELD81 4 9.65 (63.4%)(63.4%)35.0%(9.3%)6.0%0.5x8.6x1 6.1 x0.6x8.0 xAmerican WoodmarkAMWD81 2 48.86 (25.1%)(25.1%)71.4%(6.9%)6.1%0.7x1 0.9xNM0.7x6.5xInsteel IndustriesIIIN536 27.52 (30.9%)(30.9%)57.7%(1 0.1%)21.3%0.6x2.8x4.3x0.7xNMSegm

10、ent Average(32.5%)(32.5%)63.7%(6.5%)15.0%1.2x8.2x13.9x1.2x7.7xSegment M edian(31.0%)(31.0%)62.5%(5.7%)10.5%0.8x9.2x15.6x0.8x7.8xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA Margin

11、TEV/RevTEV/EBITDAPrice/EPSTEV/NTM RevenueTEV/NTM EBITDASiemensSIE1 09,51 7$1 38.1 8$(20.3%)(20.3%)77.5%8.5%1 3.6%2.0 x1 4.4x27.6x1.8xNMGeneral ElectricGE91,555 65.38 (1 1.3%)(1 1.3%)80.8%(1 9.0%)(1.5%)1.4xNMNM1.7x1 1.8xABB GroupABBN56,723 30.39 (1 7.0%)(1 7.0%)81.1%1.0%20.9%2.1 x1 0.2x1 4.8x2.1 x1 2

12、.3xKeysight TechnologiesKEYS30,587 1 71.07 (1 7.2%)(1 7.2%)82.4%5.2%29.0%5.6x1 9.5x27.7x5.4x1 7.1 xHubbell(Electrical Equipment)HUBB1 2,604 234.68 1 2.7%1 2.7%89.1%7.9%1 7.0%3.1 x1 7.5x26.2x2.6x1 5.2xMersenMRN829 40.24 (3.7%)(3.7%)92.7%1 1.1%1 5.7%1.0 x6.2x1 1.8x0.9x5.7xKimball ElectronicsKE558 22.5

13、9 3.8%3.8%89.0%21.3%5.8%0.5x9.1 x1 4.9x0.4xNMBel FuseBELFB409 32.92 1 54.6%1 54.6%85.5%3.7%1 1.1%0.7x6.7x9.1 x0.7x6.8xIntevacIVAC1 65 6.47 37.4%37.4%99.5%(1.2%)(44.4%)2.7xNMNM1.7xNMSegment Average15.4%15.4%86.4%4.3%7.5%2.1x11.9x18.9x1.9x11.5xSegment M edian0.1%0.1%86.0%4.7%12.4%2.0 x11.1x16.9x1.8x11

14、.8xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDAPrice/EPSTEV/NTM RevenueTEV/NTM EBITDAIllinois Tool WorksITW67,673$220.30$(1 0.7%)(1 0.7%)88.2%1.0%26.3%4.8x

15、1 8.1 x25.1 x4.7x1 7.5xGenuine PartsGPC24,493 1 73.51 23.8%23.8%92.4%5.0%9.3%1.3x1 4.1 x20.9x1.2x1 3.6xDoverDOV1 9,005 1 35.41 (25.4%)(25.4%)73.6%3.3%21.9%2.7x1 2.2x1 6.8x2.6x1 2.4xSteel DynamicsSTLD1 7,1 53 97.70 57.4%57.4%86.4%(24.1%)26.9%0.8x3.0 x4.3x1.1 x6.2xAptarGroupATR7,1 80 1 09.98 (1 0.2%)(

16、1 0.2%)88.6%1.4%1 8.3%2.5x1 3.6x30.9x2.5x1 3.0 xCrane CompanyCR5,640 1 00.45 (1.3%)(1.3%)87.4%7.0%21.7%1.9x9.2x1 5.5x1.9xNMHexcelHXL4,953 58.85 1 3.6%1 3.6%89.4%1 6.3%1 9.7%3.8x1 9.1 xNM3.2x1 5.0 xAltra Industrial MotionAIMC3,894 59.75 1 5.9%1 5.9%98.9%(0.8%)1 0.3%2.5x23.9xNM2.5x1 2.7xAllegheny Tech

17、nologiesATI3,864 29.86 87.4%87.4%89.6%1 6.2%7.9%1.5x1 9.1 xNM1.3x8.8xWorthington IndustriesWOR2,471 49.71 (9.1%)(9.1%)79.1%(24.2%)1 0.0%0.6x7.4x1 1.4x0.8x7.0 xRogersROG2,245 1 1 9.34 (56.3%)(56.3%)43.5%8.4%1 2.9%2.4x1 8.2x31.2x2.2x8.1 xBarnes GroupB2,066 40.85 (1 2.3%)(1 2.3%)83.7%4.9%1 2.3%2.0 x1 6

18、.5xNM1.9x9.8xMaterionMTRN1,796 87.51 (4.8%)(4.8%)89.4%3.2%8.8%1.4x1 5.4x23.7x1.3x1 1.0 xHelios TechnologiesHLIO1,772 54.44 (48.2%)(48.2%)51.4%(4.4%)21.8%2.4x1 1.1 x1 7.1 x2.5x1 1.4xSegment Average1.4%1.4%81.5%0.9%16.3%2.2x14.3x19.7x2.1x11.3xSegment M edian(6.9%)(6.9%)87.8%3.2%15.6%2.2x14.8x19.0 x2.1

19、x11.4xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDAPrice/EPSTEV/NTM RevenueTEV/NTM EBITDADeereDE1 27,872$428.76$25.0%25.0%95.6%3.6%21.3%3.4x1 5.8x1 8.4x3.3x

20、1 4.5xCaterpillarCAT1 24,669 240 1 5.9%1 5.9%97.8%9.5%21.0%2.7x1 3.0 x1 7.4x2.5x1 3.1 xApplied MaterialsAMAT82,202 97.38 (38.1%)(38.1%)58.3%(6.4%)31.9%3.3x1 0.4x1 3.1 x3.5x1 1.8xIllinois Tool WorksITW67,673 220.30 (1 0.7%)(1 0.7%)88.2%1.0%26.3%4.8x1 8.1 x25.1 x4.7x1 7.5xSegment Average(2.0%)(2.0%)85

21、.0%1.9%25.1%3.5x14.3x18.5x3.5x14.2xSegment M edian2.6%2.6%91.9%2.3%23.8%3.3x14.4x17.9x3.4x13.8xM arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDAPrice/EPSTEV/NTM

22、 RevenueTEV/NTM EBITDABICBB2,981$68.1 6$27.2%27.2%97.6%1 0.3%20.8%1.2x5.9x1 2.2x1.1 x5.4xACCO BrandsACCO527 5.59 (32.3%)(32.3%)62.1%(5.5%)8.0%0.8x1 0.1 x25.4x0.8x6.5xSegment Average(2.5%)(2.5%)79.9%2.4%14.4%1.0 x8.0 x18.8x1.0 x6.0 xSegment M edian(2.5%)(2.5%)79.9%2.4%14.4%1.0 x8.0 x18.8x1.0 x6.0 xM

23、arket Stats Operating Stats LTM M ultiples NTM M ultiples Company NameSymbolMarket Cap($in Mil)Price($)LTM ChangeYTD Change%of 52 Week HighEst.Revenue GrowthEBITDA MarginTEV/RevTEV/EBITDAPrice/EPSTEV/NTM RevenueTEV/NTM EBITDAStanley Black&DeckerSWK1 1,1 1 3$75.1 2$(60.2%)(60.2%)38.2%(7.2%)7.0%1.2x1

24、7.3x21.5x1.2x1 1.5xWhirlpoolWHR7,707 1 41.46 (39.7%)(39.7%)57.6%(7.3%)6.5%0.6x8.8x22.1 x0.6x6.2xNewell BrandsNWL5,41 0 1 3.08 (40.1%)(40.1%)49.5%(9.4%)1 1.5%1.1 x9.8x9.7x1.2x9.6xLa-Z-BoyLZB984 22.82 (37.2%)(37.2%)59.8%(1 2.6%)1 4.1%0.5x3.5x5.8x0.6x6.4xPurple InnovationPRPL438 4.79 (63.9%)(63.9%)34.6

25、%(0.9%)(5.2%)0.9xNMNM0.9xNMWeber-Stephen ProductsWEBR433 8.05 (37.7%)(37.7%)60.6%(1 5.9%)(9.8%)1.0 xNMNM1.2x1 1.7xLoveSacLOVE334 22.01 (66.8%)(66.8%)31.6%8.6%5.8%0.8x1 3.6x1 0.6x0.7x8.1 xSegment Average(49.4%)(49.4%)47.4%(6.4%)4.3%0.9x10.6x14.0 x0.9x8.9xSegment M edian(40.1%)(40.1%)49.5%(7.3%)6.5%0.

26、9x9.8x10.6x0.9x8.9xM arket Stats Operating Stats LTM M ultiples NTM M ultiples 51%47%54%42%8%10%10%11%41%43%36%47%41%39%42%42%13%9%11%9%46%52%47%49%41%35%36%37%8%8%9%5%51%57%55%58%39%47%39%36%8%6%7%10%54%47%54%55%0%20%40%60%80%100%Senior DebtSub DebtEquitySource:GF DataSource:GF DataNote:The most cu

27、rrent source of GF Data is as of November 2022.MultiplesSource:PitchBook Financial Data and Analytics2019202120202022*$0.0M$100.0B$200.0B$300.0B$400.0B$500.0B$600.0B1,3002,3003,3004,3005,3006,3002021 Q42022 Q12022 Q22022 Q32022 Q4Deals ClosedDeals ClosedCapital Invested6.1x5.9x6.1x6.6x6.9x6.8x7.0 x7

28、.1x7.5x8.0 x8.3x8.8x9.3x8.6x9.0 x9.7x0.0 x2.0 x4.0 x6.0 x8.0 x10.0 x12.0 x2019202020212022*$10-25mm$25-50mm$50-100mm$100-250mm1.“How IoT Is Transforming The Manufacturing Industry,”Forbes,Anil Bhaskar,Sep.28,2022 https:/ 7 Manufacturing Trends for 2022,”Beekeeper,Alexia Duvigneau,Aug.29,2022 3.“Forg

29、et College.Skilled Trades Are the Future of the U.S.Economy,”Newsweek,Joel Kotkin,Jun.15,2022 https:/ IoT Is Transforming the Manufacturing Industry,”Onomondo,Nemi Ndskov,Sep.7,2022 https:/ 8 Manufacturing Trends for 2022,”ATS,Advanced Technology Services,undated,accessed Jan.18,2023 https:/ Manufac

30、turing Industry Outlook,”Deloitte,Jan.2023 https:/ Report:The Feds Plan To Bring Down Inflation By Creating Job Losses Is Working,”Forbes,Jack Kelly,Dec.1,2022 https:/ Quest To Deploy Autonomous Robots Within Amazon Fulfillment Centers,”Amazon Science,John Roach,Oct.24,2022 https:/www.amazon.science

31、/latest-news/the-quest-to-deploy-autonomous-robots-within-amazon-fulfillment-centers9.“Reshoring Or Localization On Your Mind?”Deloitte Insights,Burke,Mahto,Bowman,Coteleer,Sep.16,2021 https:/ Future of Manufacturing:Disruptive Innovations in Manufacturing Will Reshape Entire Industries,Forrester Tr

32、ends Report,Paul Miller,Sep.8,2022 https:/ Is a Smart Refrigerator?”Lifewire,Rene Lynn Midrack,Jul.24,2021 https:/ IoT Is Transforming The Manufacturing Industry,”Forbes,Anil Bhaskar,Sep.28,2022 https:/ Industrial Motion Corp.Announces Acquisition By Regal Rexnord Corporation,”GlobaNewswire,Oct.27,2022 https:/ to Acquire CyberOptics for$380 Million,”Barrons,Karishma Vanjani,Aug.8,2022 https:/ Food Safety Business Merger With 3M,”Zacks,via N,Sep.6,2022 https:/ Engineering Agrees To Acquire Durex International For$342.2mn,”NewsnR,Ali Mirza,Sep.28,2022 https:/ Space Odyssey”