Pittsburgh regional M&A update: Q2 2018
Aggregate Transaction Value ($BB) Number of Deals $70 80 $60 $58.7 70 $50 60 $40 $30 $20 $10 $0 $2.1 $2.9 $26.9 $0.4 $1.5 $7.7 $1.9 $2.8 $6.5 $2.5 $2.1 $4.2 $19.9 $2.1 $8.9 50 40 30 20 10 0 2.3% 7.0% 7.0% 9.3% 9.3% 18.6% Healthcare Info. Tech. Consumer Industrials 11.6% Financials Materials 34.9% Utilities Energy
Average Transaction Size ($MM) Aggregate Transaction Size ($MM) Number of Deals $900.0 $800.0 $738.7 $787.3 $682.8 14 12 $700.0 $600.0 $457.3 $612.7 $561.7 10 $500.0 $400.0 $300.0 $200.0 $100.0 $354.2 $401.3 $267.0 $370.0 $414.9 $297.8 $257.0 $283.3 $208.1 $141.8 8 6 4 2 $0.0 0 $80 $70 $70.6 $71.0 $60 $50 $55.0 $54.2 $50.5 $54.1 $47.5 $50.2 $53.8 $40 $30 $30.3 $35.0 $36.3 $36.9 $35.5 $20 $19.0 $17.0 $10 $0
Altoona Area Bradford Area Du Bois Area Erie Area Greensburg Area Johnstown Area New Castle Area Oil City Area Pittsburgh Area 0 5 10 15 20 Altoona Area Bradford Area Du Bois Area Erie Area Greensburg Area Johnstown Area New Castle Area Oil City Area Pittsburgh Area 0 1 2 3 4 5 6 Announced Date Buyers/Investors Notable announced Q2 2018 deals Target Value ($MM) Buyer Type Target Sector 04/04/2018 NU Pet Company Ainsworth Pet Nutrition Parent, LLC 1,900.0 Strategic Consumer 05/10/2018 New Enterprise Stone & Lime Co., Inc. Certain Assets of Popple Construction, Inc. and Pioneer Aggregates, Inc. 22.3 Strategic Materials 06/29/2018 Thermal Energy International Inc. (TSXV:TMG) Boilerroom Equipment, Inc. 2.6 Strategic Industrials 04/03/2018 PNC Mezzanine Capital; Caymus Equity Partners LLC Medical Laboratory Diagnostics, Inc. - Financial Healthcare 04/12/2018 Harris School Solutions OnHand Schools, Inc. - Strategic Info. Tech
About Baker Tilly Capital, LLC > > Baker Tilly Capital, LLC (Baker Tilly Capital) is a boutique investment banking firm specializing in merger and acquisition (M&A), capital sourcing, project finance and corporate finance advisory services. > > The Baker Tilly Capital team is led by investment bankers and corporate finance specialists that have meaningful experience advising clients in evaluating strategic and financial alternatives, creating and executing sell-side and buy-side M&A strategies and identifying cost-effective financing alternatives and sources. > > Baker Tilly Capital leverages more than 50 specialized professionals to provide strategic guidance and pragmatic insight to help clients achieve their strategic and financial objectives throughout the business life cycle. > > Backed by Baker Tilly Virchow Krause, LLP, a national accounting and advisory firm with significant industry expertise, Baker Tilly Capital offers value added insights before, during and after the transaction. About Baker Tilly Virchow Krause, LLP Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With more than 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 147 territories, with 33,600 professionals. The combined worldwide revenue of independent member firms is $3.4 billion. Connect with us Steve Economou Managing Director 412 647 6423 steve.economou@bakertilly.com Kevin Rudd Executive Managing Director and Principal 215 972 2351 kevin.rudd@bakertilly.com bakertilly.com An independent member of Baker Tilly International This information should not be construed as a recommendation, an offer of services, or an offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The reader should not rely on this information other than as authorized by a written agreement with Baker Tilly Capital, LLC. The commentaries provided are opinions of Baker Tilly Capital, LLC and are for informational purposes only. While the information is deemed reliable, Baker Tilly Capital, LLC cannot guarantee its accuracy, completeness, or suitability for any purpose and makes no warranties with regard to the results to be obtained from its use, or whether any expressed course of events will actually occur. Securities involve risk and possible loss of principal. Past performance does not guarantee future results. No compensation has been paid to person providing a testimonial. Any testimonial is not representative of the experiences of other clients and is not indicative of future performance or success. Securities, when offered, and transaction advisory services are offered through Baker Tilly Capital, LLC, Member FINRA and SIPC; Office of Supervisory Jurisdiction located at Ten Terrace Court, Madison, WI 53718; phone 800 362 7301. Baker Tilly Capital, LLC is a wholly-owned subsidiary of Baker Tilly Virchow Krause, LLP, an accounting firm. Baker Tilly Virchow Krause, LLP is an independently owned and managed Member of Baker Tilly International. 2018 Baker Tilly Virchow Krause, LLP