DOCSLIB.ORG

Distribution & Logistics Report 2H 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Distribution & Logistics Report 2H 2020 ❑ ❑ ❑ 80 76 70 60 50 39 35 40 23 28 30 19 16 20 10 8 13 10 Financial - 46% Strategic 54% 12/31/20 PrimeSource Building Products Clearlake Capital Group Building Products - - - 12/28/20 ShopRunner FedEx Software - - - 12/24/20 HD Supply The Home Depot Industrial Products 8,000.00 1.3x 11.2x 12/9/20 Ingram Micro Platinum Equity Electrical Components 7,200.00 - - 12/9/20 NSD Hub Group Transportation 94.50 0.6x - Foundation Building Materials 11/15/20 American Securities Building Products 1,400.00 0.7x 9.8x (NYS: FBM) 10/28/20 Colorado Boxed Beef Palladium Equity Partners, Quirch Foods Consumer Products - - - 10/22/20 Brightstar Brightstar Capital Partners Electrical Components 750.00 - - 10/14/20 Maroon Group Barentz International, Cinven Consumer Products - - - 10/1/20 HD Supply White Cap Clayton, Dubilier & Rice Building Products 2,900.00 - - Source: Pitchbook Financial Data and Analytics Note: This data represents recorded transactions only, and is not all-inclusive. Nevertheless, they are typically representative of the industry. Strategic Buyer Inv. Date Select Corporate Acquisitions Alta Equipment Co. 7/31/2020 ▪ Martin Implement Sales 7/1/2020 ▪ Hilo Equipment & Services 6/12/2020 ▪ PeakLogix 2/14/2020 ▪ Liftech Equipment Companies SiteOne Landscape Supply 8/17/2020 ▪ SiteOne Landscape Supply 1/14/2020 ▪ Garden Dept. 1/2/2020 ▪ Wittkopf Landscape Supplies Winsupply 10/6/2020 ▪ Avon Supply Co. 4/6/2020 ▪ May Supply 3/4/2020 ▪ ASAP Industrial Supply 2/5/2020 ▪ Morgan Bros Supply 1/7/2020 ▪ Rosen Supply Company TFI International 10/5/2020 ▪ Grammer Logistics (Dry Bulk Business) 9/15/2020 ▪ DLS Worldwide Logistics 6/29/2020 ▪ MCT Transportation 3/2/2020 ▪ R.R. Donnelley & Sons Co (Courier Services Business) GrubMarket 9/15/2020 ▪ Freshtex Produce 8/11/2020 ▪ Grand Food 6/2/2020 ▪ Hung San Foods 4/1/2020 ▪ Boston Organics 2/4/2020 ▪ Organic Harvest Network Financial Buyer Inv. Date Select Corporate Investments Kinderhook Industries 12/18/2020 ▪ Hope Valley Industries 6/10/2020 ▪ Ecosouth 6/4/2020 ▪ Original One Parts 4/16/2020 ▪ H&R Construction Equipment Parts 6/18/2019 ▪ Kern County Tractor Parts, Inc. Clayton, Dubilier & Rice 12/1/2020 ▪ Big City Access 10/19/2020 ▪ Construction Supply Group 10/1/2020 ▪ HD Supply White Cap 8/18/2020 ▪ Water Works Supply Co. 8/3/2020 ▪ Carotek The Jordan Co. LP 12/21/2020 ▪ U.S. Lumber Group 11/10/2020 ▪ Preat 7/9/2020 ▪ Panoramicinc 4/27/2020 ▪ Kwikee Products Company 3/19/2020 ▪ Transportation Impact 1/28/2020 ▪ RPM Consolidated Services Audax Group 12/9/2020 ▪ New West Oil Company 12/2/2020 ▪ Traffic Safety Rentals 11/13/2020 ▪ Care Supply Co. 9/9/2020 ▪ Nick Barbieri Trucking 7/9/2020 ▪ Kennebec Fire Equipment AEA Investors 11/5/2020 ▪ Montway 9/3/2020 ▪ Price Container 2/5/2020 ▪ J&S Tool 1/31/2020 ▪ Machine Tools Supply 1/31/2020 ▪ NDM Marking Systems 1/7/2020 ▪ Packaging Solutions (Minneapolis) 80% 60% 40% 20% 0% -20% -40% -60% -80% Automotive Building Products Electronic Components Consumer Products Industrial Products Healthcare Products S&P 500 Market Stats Operating Stats LTM Multiples NTM Multiples % of 52 Est. TEV/ TEV/ Market Cap LTM YTD EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Week Revenue NTM NTM ($ in Mil) Change Change Margin Rev EBITDA EPS High Growth Revenue EBITDA Genuine Parts GPC $ 14,491 $ 100.43 (5.1%) (5.5%) 94.0% (5.0%) 3.3% 1.0x 32.2x NM 1.0x 11.7x LKQ LKQ 10,725 35.24 (1.6%) (1.3%) 91.8% 5.0% 10.4% 1.3x 12.2x 17.9x 1.2x 10.1x Dorman Products DORM 2,803 86.82 14.8% 14.7% 86.3% 10.2% 13.5% 2.6x 19.2x 31.8x 2.3x 15.0x Kaman KAMN 1,581 57.13 (13.0%) (13.3%) 84.7% (0.8%) 3.7% 2.1x NM NM 2.1x 13.3x Lawson Products LAWS 460 50.91 (3.3%) (2.3%) 87.4% 23.8% 6.8% 1.3x 19.5x 39.8x 1.1x 11.2x Uni-Select UNS 270 6.36 (27.8%) (27.1%) 63.0% 6.1% 0.7% 0.5x NM NM 0.5x 6.6x Segment Average (6.0%) (5.8%) 84.5% 6.6% 6.4% 1.5x 20.8x 29.8x 1.4x 11.3x Segment Median (4.2%) (3.9%) 86.8% 5.6% 5.2% 1.3x 19.4x 31.8x 1.1x 11.5x Market Stats Operating Stats LTM Multiples NTM Multiples % of 52 Est. TEV/ TEV/ Market Cap LTM YTD EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Week Revenue NTM NTM ($ in Mil) Change Change Margin Rev EBITDA EPS High Growth Revenue EBITDA McKesson MCK $ 27,925 $ 173.92 25.4% 25.7% 92.7% 5.8% 1.7% 0.2x 9.3x 13.2x 0.1x 8.3x AmerisourceBergen ABC 19,967 97.76 14.9% 15.0% 87.9% 7.3% (2.5%) 0.1x NM NM 0.1x 7.3x Cardinal Health CAH 15,716 53.56 6.9% 5.9% 88.3% 6.6% 1.3% 0.1x 9.8x 16.2x 0.1x 6.7x Henry Schein HSIC 9,546 66.86 (0.4%) 0.2% 90.4% 12.8% 7.7% 1.2x 15.4x 16.4x 1.0x 12.2x Patterson Companies PDCO 2,859 29.63 45.0% 44.7% 88.5% 6.7% (6.9%) 0.6x NM NM 0.6x 11.4x Owens & Minor OMI 1,989 27.05 423.2% 423.2% 85.4% 4.8% 2.3% 0.4x 16.3x 52.0x 0.4x 8.8x Segment Average 85.8% 85.8% 88.8% 7.3% 0.6% 0.4x 12.7x 24.5x 0.4x 9.1x Segment Median 20.2% 20.4% 88.4% 6.6% 1.5% 0.3x 12.6x 16.3x 0.3x 8.5x Market Stats Operating Stats LTM Multiples NTM Multiples % of 52 Est. TEV/ TEV/ Market Cap LTM YTD EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Week Revenue NTM NTM ($ in Mil) Change Change Margin Rev EBITDA EPS High Growth Revenue EBITDA W.W. Grainger GWW $ 21,915 $ 408.34 18.5% 20.6% 95.4% 4.7% 9.8% 202.5% 20.7x 35.1x 1.9x 14.6x Pool Corp POOL 14,959 372.50 74.2% 75.4% 95.1% 13.7% 12.1% 418.7% 34.6x 46.8x 3.7x 27.8x Beacon Roofing Supply BECN 2,789 40.19 26.0% 25.7% 97.7% 4.2% 5.9% 83.0% 14.0x NM 0.8x 11.0x Boise Cascade BCC 1,874 47.80 32.7% 30.9% 94.9% 3.3% 6.2% 37.3% 6.0x 11.5x 0.4x 6.5x BlueLinx BXC 277 29.26 117.4% 105.3% 96.4% 4.5% 5.0% 31.8% 6.4x 5.4x 0.3x 9.0x Huttig Building Products HBP 99 3.67 129.4% 138.3% 95.3% 22.7% (0.1%) 30.0% NM NM 0.2x NM Segment Average 66.4% 66.0% 95.8% 8.8% 6.5% 133.9% 16.3x 24.7x 1.2x 13.8x Segment Median 53.5% 53.1% 95.4% 4.6% 6.1% 60.1% 14.0x 23.3x 0.6x 11.0x Market Stats Operating Stats LTM Multiples NTM Multiples % of 52 Est. TEV/ TEV/ Market Cap LTM YTD EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Week Revenue NTM NTM ($ in Mil) Change Change Margin Rev EBITDA EPS High Growth Revenue EBITDA W.W. Grainger GWW $ 21,915 $ 408.34 18.5% 20.6% 95.4% 4.7% 9.8% 2.0x 20.7x 35.1x 1.9x 14.6x Arrow Electronics ARW 7,351 97.30 13.4% 14.8% 97.2% 7.4% 3.6% 0.3x 9.6x 17.1x 0.3x 6.3x WESCO International WCC 3,928 78.50 33.3% 32.2% 98.7% 63.4% 4.2% 0.9x 20.4x 29.1x 0.5x 8.9x Avnet AVT 3,470 35.11 (17.8%) (17.3%) 81.7% 5.0% 0.9% 0.3x 28.4x NM 0.3x NM ScanSource SCSC 670 26.38 (28.3%) (28.6%) 70.5% 5.8% (1.7%) 0.3x NM NM 0.3x 6.7x Richardson Electronics RELL 62 4.71 (18.0%) (16.3%) 74.5% NM 0.4% 0.1x 39.4x NM NM NM Segment Average 0.2% 0.9% 86.3% 17.2% 2.9% 0.7x 23.7x 27.1x 0.7x 9.1x Segment Median (2.2%) (0.8%) 88.6% 5.8% 2.2% 0.3x 20.7x 29.1x 0.3x 7.8x Market Stats Operating Stats LTM Multiples NTM Multiples % of 52 Est. TEV/ TEV/ Market Cap LTM YTD EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Week Revenue NTM NTM ($ in Mil) Change Change Margin Rev EBITDA EPS High Growth Revenue EBITDA Sysco SYY $ 37,825 $ 74.26 (12.3%) (13.2%) 87.2% 11.9% 2.7% 0.9x 34.3x NM 0.8x 15.1x US Foods USFD 7,356 33.31 (18.7%) (20.5%) 78.8% 10.9% 2.1% 0.5x 25.3x NM 0.5x 11.7x Performance Food Group PFGC 6,357 47.61 (7.7%) (7.5%) 87.4% 15.7% 0.7% 0.4x NM NM 0.3x 14.1x Core-Mark International CORE 1,319 29.37 13.1% 8.0% 81.5% 1.8% 0.9% 0.1x 12.3x 22.1x 0.1x 9.5x The Chefs' Warehouse CHEF 970 25.69 (32.6%) (32.6%) 63.7% 10.1% (0.3%) 1.0x NM NM 0.9x 23.5x United Natural Foods UNFI 896 15.97 78.4% 82.3% 68.3% 0.9% 2.2% 0.2x 7.9x 13.3x 0.2x 6.6x SpartanNash SPTN 624 17.41 24.5% 22.3% 72.7% (2.8%) 2.1% 0.2x 7.7x 9.0x 0.2x 6.8x Segment Average 6.4% 5.5% 77.1% 6.9% 1.5% 0.5x 17.5x 14.8x 0.4x 12.5x Segment Median (7.7%) (7.5%) 78.8% 10.1% 2.1% 0.4x 12.3x 13.3x 0.3x 11.7x Market Stats Operating Stats LTM Multiples NTM Multiples % of 52 Est.
Load more

Recommended publications
  • Our 38Th Annual
    Ferguson Enterprises, Inc. HD Supply McJunkin Red Man Corporation Watsco Inc. National Oilwell Varco Distribution Services Wilson, A Business Unit of Smith International, Inc. WinWholesale, Inc. WMCO Ltd. Wolseley Canada, Inc. Johnstone Supply, Inc. Hajaca Corpo- ration Interline Brands Edgen Murray F.W. Webb Company R.E. Michel Company, Inc. Morrison Supply Company Groupe Deschenes, Inc. Consolidated Pipe and Supply CompanyJULY Inc.2010 Kelly Pipe Company Southern Pipe & Supply Coburn Supply Co., Inc. Locke Supply CompanyVOL 65, NO Keller Supply Company Preferred Pump US Air Conditioning Distribution, Inc., LLC N.B. Handy. 7 Com- pany Chicago Tube and Iron Company Mingledorff’s Inc. Famous Supply Company First Sup- ply, LLC Palmer-Donavin Mfg. Co. C.C. Dickson Co Bartle & Gibson Co. Industrial Piping Specialists Columbia Pipe & Supply Co. Gustave A. Larson Company Slakey Borthers, Inc. Thos. Somerville Company Crane Supply, Div. of Crane Canada Russell Sigler, Inc. G.W. Berkheimer Co., Inc. Granite Group Wholesalers LLC Peirce-Phelps Inc. Goodin Company Standard Plumbing United Pipe & Supply Co., Inc. Sid Harvey Industries, Inc. Northeaster Supply Inc. Consolidated Supply Co. Hirsch Pipe & Supply IRR Supply Centers Inc. The Ma- comb Group Trumbull Industries, Inc. Century Holdings Auer Steel & Heating Supply Co. American Refrigeration Supplies, Inc. Connor Co. Johnson Supply & Equipment Corp. Redlon & Johnson Plumb Supply Company Express Pipe & Supply Co., Inc. Aces A/C Supply Inc. Black- man PlumbingNews Supply of Plumbing Co., Inc. • RobertsonHeating • HeatingCooling Supply • Industrial Co. Crawford Piping DistributionSupply Co. Ameripipe Supply Inc. Colonial Commercial Corp. Wolff Bros. Supply & Electrical Inc. ED’S Supply Co., Inc. Central Supply Co., Inc.
    [Show full text]
  • Research Industry Sector Assignments
    Research Industry Sector Assignments As of September 1, 2011 Capital Structure Analysis Edward P. Mally, CFA Head of Institutional Research Group, Chemicals, Distressed/Special Situations Mary Ross Gilbert, CFA Consumer/Retail, Food/Restaurants Kevin Cohen, CFA Paper/Forest Products/Packaging, Metals/Mining, Homebuilders, Publishing/Printing/Internet Douglas J. Dieter Healthcare LOS ANGELES 2000 Avenue of the Stars Gregg Klein Gaming/Lodging/Leisure Los Angeles, CA 90067 Randy Laufman, CFA Convertibles, Distressed/Special Situations (310) 246-3700/(800) 929-2299 Andrew Casella, Chemicals, Paper/Forest Products/Packaging Associate NEW YORK Anthony Esposito, Healthcare 277 Park Avenue Associate New York, NY 10172 Matthew McRoskey, Consumer/Retail, Food/Restaurants (212) 351-9700/(800) 371-7078 Associate SAN FRANCISCO 55 2nd Street San Francisco, CA 94105 (415) 615-4000 Capital Structure Analysis (Desk) Kurt M. Hoffman Distressed/Special Situations MINNEAPOLIS Brad Bryan Distressed/Special Situations 60 South Sixth Street Matt Kaplan Distressed/Special Situations Minneapolis, MN 55402 (612) 333-0130 BOSTON 101 Arch Street Industry Analysis (Equities) Boston, MA 02110 Jonathan Richton Aerospace and Defense (617) 478-7600/(888) 479-9696 Michael Kim Business Services and Security Matthew Farwell, CFA Clean Energy CHICAGO Lee Giordano, CFA Consumer/Retail 200 South Wacker Drive Chicago, IL 60606 Mike Jones Energy, Exploration and Production (312) 674-4713 Anil Gupta Media and Telecommunications www.imperialcapital.com Member
    [Show full text]
  • Industrial Investment Banking Round-Up Capital Markets Perspectives As of December 18Th, 2020
    Industrial Investment Banking Round-Up Capital Markets Perspectives As of December 18th, 2020 Real-Time Market Perspectives • The initial round of the U.S. COVID-19 vaccination shipments to states and hospitals was launched this week, as long-term- care facilities and nursing homes began receiving doses – The vaccine has deployed at a crucial time in the U.S., in which more than 247,000 new COVID-19 cases have recently been reported, hospitalizations have set a new record, and the number of deaths in a single day has also hit an all-time high • The Federal Reserve announced it raised its economic outlook for 2021, anticipating ~4% growth and ~5% unemployment – The Federal Open Market Committee (FOMC) indicated it would continue to buy at least $120 billion of bonds each month “until substantial further progress has been made toward the Committee’s maximum employment and price stability goals” – The Fed also increased its estimated rate of inflation for 2021 to 1.8% from 1.7%, based on its preferred personal consumption expenditures (PCE) price index M&A Markets (1) • 2H 2020 U.S. M&A reached $979.9 billion of aggregate value, a 160% increase from 1H 2020, when there was only $378.4 billion of announced transaction value – 2H 2020 generated the highest M&A volume in a second half since 2016 – Megadeals were scarce in 2020, with just 19 deals with a value above $10 billion announced in 2020, versus 33 in 2019 • The U.S. remained the most sought-after geography for cross-border M&A in 2020, despite a slight decline of 6% in aggregate value YoY to $269.1 billion • The number of SPAC buyers in U.S.
    [Show full text]
  • Alliant Techsystems, Inc
    Appendix A General Industry Compensation Benchmark Group A&P Cincinnati Bell GTECH McDermott A.O. Smith Cintas H.B. Fuller McGraw-Hill Abercrombie & Fitch Clear Channel Communications H.J. Heinz MeadWestvaco AbitibiBowater Cliffs Natural Resources Hanesbrands Mecklenburg County ACH Food Clorox Harland Clarke Medtronic Activision Blizzard Coach Harley-Davidson Memorial Sloan-Kettering Cancer Center Acuity Brands Coinstar Hasbro Meredith Advanced Micro Devices Cole Haan HD Supply Metro-Goldwyn-Mayer Aeropostale Colgate-Palmolive Health Net Micron Technology Agilent Technologies Columbia Sportswear HealthSouth Millennium Inorganic Chemicals Agrium ConAgra Foods Hearst Millennium Pharmaceuticals Air Liquide Conde Nast Publications Henkel of America Millipore Air Products and Chemicals ConvaTec Henry Ford Health Systems Mizuno USA Alcoa Convergys Herman Miller Molson Coors Brewing Alcon Laboratories Cooper Industries Hershey Momentive Specialty Chemicals Alexander & Baldwin Corning Hertz Monsanto Allergan Covance Hexcel Mosaic Alpha Natural Resources Covidien HNI MTV Networks American Crystal Sugar Cox Enterprises Home Shopping Network Murphy Oil AMERIGROUP Cracker Barrel Old Country Stores Hormel Foods MWH Global AMETEK Crown Castle Hospira Nash-Finch Amgen Crown Holdings Host Hotels & Resorts National Starch Polymers Group Anadarko Petroleum CSC Houghton Mifflin Harcourt Publishing Navistar International Ann Taylor Stores CSM HR Access NCR AOL CSX Hunt Consolidated Neoris USA APL Curtiss-Wright Huntsman New York Times Applied Materials Cytec
    [Show full text]
  • M&A Financial Advisory Deal List
    www.sullcrom.com N E W YORK WASHINGTON, D.C. L O S ANGELES PALO ALTO LONDON PARIS FRANKFURT BRUSSELS TOKYO HONG KONG BEIJING MELBOURNE SYDNEY Copyright © 2021 Sullivan & Cromwell LLP / Attorney Advertising. Prior results do not guarantee a similar outcome. S&C’S LEADING FINANCIAL ADVISORY EXPERIENCE Commercial Real Estate Lazard as financial adviser to Brookfield Property Partners’ (“BPY”) J.P. Morgan as exclusive financial adviser to Chesapeake Lodging Deutsche Bank and Goldman Sachs as financial advisers to (Bermuda) special committee in connection with Brookfield Asset Trust (U.S.) in its $2.7 billion acquisition by Park Hotels & Resorts Unibail-Rodamco (France) in its $24.7 billion acquisition of Management’s (Canada) $6.5 billion pending acquisition of the limited (U.S.) (2019) Westfield Corporation (Australia) (2017) partnership units of BPY (2021) Houlihan Lokey as financial adviser to the Special Committee of Lazard as financial adviser to the Special Committee of the Board Evercore as financial adviser to Annaly Capital Management (U.S.) the Board of Directors of HomeFed Corporation (U.S.) in of Directors of Phillips Edison Grocery Center REIT (PECO) (U.S.) in its $2.3 billion pending sale of its Commercial Real Estate connection with HomeFed’s acquisition by Jefferies (U.S.) (2019) in connection with PECO’s $1 billion acquisition of real estate business to Slate Asset Management (Canada) (2021) assets and the third party asset management business of its Citigroup and Goldman Sachs as financial advisers to LaSalle sponsor and external adviser, Phillips Edison Limited Partnership Goldman Sachs as financial adviser to CoStar Group (U.S.) in its Hotel Properties (U.S.) in its $4.8 billion acquisition by affiliates of (U.S.) (2017) $6.9 billion proposed acquisition of CoreLogic, later withdrawn Blackstone Real Estate Partners VIII (U.S.), later withdrawn (2018) (2021) UBS as financial adviser to the special committee of American J.P.
    [Show full text]
  • Affiliate Rewards Eligible Companies
    Affiliate Rewards Eligible Companies Program ID's: 2013MY 2014MY Designated Corporate Customer 28HDR 28HER Fleet Company 28HDH 28HEH Supplier Company 28HDJ 28HEJ Company Name Company Type 3 Point Machine SUPPLIER 3-Dimensional Services SUPPLIER 3M Employee Transportation & Travel FLEET 84 Lumber Company DCC A & R Security Services, Inc. FLEET A G Manufacturing SUPPLIER A G Simpson Automotive Inc SUPPLIER A I M CORPORATION SUPPLIER A M G INDUSTRIES INC SUPPLIER A&D Technology Inc SUPPLIER A&E Television Networks DCC A. Raymond Tinnerman Automotive Inc SUPPLIER A. Schulman Inc SUPPLIER A.J. Rose Manufacturing SUPPLIER A.M Community Credit Union DCC A.T. Kearney, Inc. SUPPLIER A-1 SPECIALIZED SERVICES SUPPLIER AAA East Central DCC AAA National Office (Only EMPLOYEES Eligible, Not Members) SUPPLIER AAA Ohio Auto Club DCC ABB, Inc. FLEET Abbott Ball Co SUPPLIER Abbott Labs FLEET Abbott, Nicholson, Quilter, Esshaki & Youngblood P DCC Abby Farm Supply, Inc DCC ABC GROUP-CANADA SUPPLIER Abednego Environmental Services SUPPLIER Abercrombie & Fitch FLEET ABF Freight System Inc SUPPLIER ABM Industries, Inc. FLEET AboveNet FLEET ABP Induction SUPPLIER ABRASIVE DIAMOND TOOL COMPANY SUPPLIER ABT Electronics, Inc FLEET ACCENTURE SUPPLIER Access Fund SUPPLIER Affiliate Rewards Eligible Companies Program ID's: 2013MY 2014MY Designated Corporate Customer 28HDR 28HER Fleet Company 28HDH 28HEH Supplier Company 28HDJ 28HEJ Acciona Energy North America Corporation FLEET Accor North America FLEET Accu-Die & Mold Inc SUPPLIER Accumetric, LLC SUPPLIER ACCURATE MACHINE AND TOOL CORP SUPPLIER Accurate Technologies Inc SUPPLIER Accuride Corporation SUPPLIER Ace Hardware Corporation FLEET ACE PRODUCTS INC SUPPLIER ACG Direct Inc. SUPPLIER ACME GROOVING TOOL COMPANY SUPPLIER ACME MANUFACTURING COMPANY SUPPLIER ACOUSTEK NONWOVENS SUPPLIER ACRO-FEED INDUSTRIES INC SUPPLIER ACS INDUSTRIES INC SUPPLIER ACT ASSOCIATES SUPPLIER Actavis FLEET Actelion Pharmaceuticals US, Inc.
    [Show full text]
  • Investment Holdings As of June 30, 2018 Transparency of the Montana Investment Holdings
    Investment Holdings As of June 30, 2018 Transparency of the Montana Investment Holdings The Montana Board of Investment’s holdings file is a comprehensive listing of all manager funds, separately managed and commingled, and aggregated security positions. Securities are organized across common categories: Pension Pool, Asset Class, Manager Fund, Aggregated Individual Holdings, and Non-Pension Pools. Market values shown are in U.S. dollars. The market values shown in this document are for the individual investment holdings only and do not include any information on accounts for receivables or payables. Aggregated Individual Holdings represent securities held at our custodian bank and individual commingled accounts. The Investment Holdings Report is unaudited and may be subject to change. The Independent Auditor’s Report and Consolidated Unified Investment Program Financial Statement will be made available once the Legislative Audit Division issues the Audit Opinion. Once issued, the Legislative Audit Division will have the Audit Opinion available online at https://www.leg.mt.gov/ publications/audit/agency-search-report by selecting Board of Investments under Agency and the Board’s website http://investmentmt.com/AnnualReportsAudits will contain a link. Additional information can be found at www.investmentmt.com Montana Board of Investments | June 30, 2018 | 2 Table of Contents Consolidated Asset Pension Pool (CAPP) 4 CAPP - Domestic Equity 5 CAPP - International Equity 20 CAPP - Private Equity 34 CAPP - Natural Resources 36 CAPP - Private
    [Show full text]
  • Supplemental Constituent File with SPLLC.Xlsm
    Fixed Income S&P Global Leveraged Loan BB/B Ratings 85/15 Index SUPPLEMENTAL DATA The indices provided herein and their respective data are being provided by S&P Dow Jones Indices LLC (S&P DJI) as a service to its licensees. The purpose of providing this information is to assist S&P DJI’s licensees in complying with the published ESMA Guidelines on ETFs and other UCITS issues relating to benchmark transparency so that their investment products will be in compliance with UCITS Benchmark Guidelines. For certain categories, these data may differ from the data on S&P DJI’s main site in terms of data display. Display of any particular index on this site does not imply that S&P DJI claims any investment product using the index complies with any particular regulation, including but not limited to, ESMA Guidelines on ETFs and other UCITS issues. Index Constituents (as of 07-Sep-2019) CONSTITUENT MATURITY INDEX WEIGHT* 24 Hour Fitness 5/30/2025 0.08% 24-7 Intouch 8/25/2025 0.02% 8th Avenue Food & Provisions 10/1/2025 0.05% A Wireless 5/1/2023 0.05% ABC Financial Services, Inc 1/2/2025 0.03% Abercrombie & Fitch 8/7/2021 0.02% Acadia Healthcare Company Inc 2/11/2022 0.04% Acadia Healthcare Company Inc 2/16/2023 0.08% AccentCare Inc 6/22/2026 0.03% Access Information Management 2/27/2025 0.08% Accolade Wines 5/31/2025 0.03% Acelity (Kinetic Concepts) 2/2/2024 0.10% Acelity (Kinetic Concepts) 1/26/2024 0.02% Acrisure LLC 11/22/2023 0.18% Acrisure LLC 11/22/2023 0.04% Action Nederland B.V.
    [Show full text]
  • CORPORATE EQUALITY INDEX 2O19 Rating Workplaces on Lesbian, Gay, Bisexual, Transgender, and Queer Equality
    CORPORATE EQUALITY INDEX 2O19 Rating Workplaces on Lesbian, Gay, Bisexual, Transgender, and Queer Equality 1,028 of the Nation’s Largest Businesses Demonstrated Their NEWS Commitment to LGBTQ Equality and Inclusion CEI 2O19 Corporate Equality Index © 2019 by the Human Rights Campaign Foundation. The Human Rights Campaign Foundation owns all right, title and interest in and to this publication and all derivative works thereof. Permission for reproduction and redistribution is granted if the publication is (1) reproduced in its entirety and (2) distributed free of charge. The Human Rights Campaign name and the Equality logo are trademarks of the Human Rights Campaign. The Human Rights Campaign Foundation and design incorporating the Equality logo are trademarks of the Human Rights Campaign Foundation. ISBN-13 978-1-934765-44-9 ISBN-10 1-934765-44-9 NEWS CEI 2O19 Table of Contents Rating Workplaces CORPORATE on Lesbian, Gay, Bisexual, EQUALITY Transgender and Queer INDEX 2O19 Equality 3 Executive Summary 6 Equality at the Fortune-Ranked Companies 9 Findings 10 Non-Discrimination Policies 12 Global Non-Discrimination Policies and Codes of Conduct 14 Equal Benefits 16 Organizational Competency in LGBTQ Inclusion 20 Public Commitment 21 Corporate Social Responsiblity 22 Equality in the Public Square 24 Rating System and Methodology 26 Criteria 29 Appendices 30 Appendix A: Employers With Ratings of 100 Percent 46 Appendix B: Ratings and Criteria Breakdowns 85 Appendix C: Ratings by Industry, Descending Score 125 About HRC Foundation’s Workplace Equality Program 125 Project Staff 126 Acknowledgments 127 HRC Business Council CORPORATE EQUALITY INDEX 2O19 CEI 2O19 Corporate Equality Index “The top-scoring companies on this year’s CEI are not only establishing policies that affirm and include employees here in the United States, they are applying these policies to their global operations and impacting millions of people beyond our shores,” said HRC President Chad Griffin.
    [Show full text]
  • Affiliate Rewards Eligible Companies Program ID's: 2013 2014 2015 Designated Corporate Customer 28HDR 28HER 28HFR Fl
    Affiliate Rewards Eligible Companies Program ID’s: 2013 2014 2015 Designated Corporate Customer 28HDR 28HER 28HFR Fleet Company 28HDH 28HEH 28HFH Supplier Company 28HDJ 28HEJ 28HFJ Company Code Company_Name Company Type S25762 3 Point Machine SUPPLIER S10009 3-Dimensional Services SUPPLIER F05233 3M Employee Transportation & Travel FLEET D18911 84 Lumber Company DCC F53452 A & R Security Services, Inc. FLEET S73205 A and D Technology Inc SUPPLIER S57425 A G Manufacturing SUPPLIER S86063 A G Simpson Automotive Inc SUPPLIER F02130 A G Wassenaar FLEET S12115 A M G Industries Inc SUPPLIER D80005 A&E Television Networks DCC S62637 A. Raymond Tinnerman Automotive Inc SUPPLIER S82162 A. Schulman Inc SUPPLIER S80904 A.J. Rose Manufacturing SUPPLIER DD1AQ7 A.M Community Credit Union DCC D60014 AAA East Central DCC S36205 AAA National Office (Only EMPLOYEES Eligible) SUPPLIER D60013 AAA Ohio Auto Club DCC S14541 AARELL COMPANY SUPPLIER F05894 ABB Inc. FLEET F66984 Abbott Labs FLEET D10546 Abbott, Nicholson, Quilter, Esshaki & Youngblood P DCC FOOF92 AbbVie Inc FLEET D227U3 Abby Farm Supply, Inc DCC S60366 Abednego Environmental Services SUPPLIER F08251 Abercrombie & Fitch FLEET S17795 ABF Freight System Inc SUPPLIER F00C3Q ABM Industries, Inc. FLEET F35554 AboveNet FLEET F00A0C ABT Electronics, Inc FLEET S43516 ACCENTURE SUPPLIER S65519 Access Fund (Employees and Members are Eligible) SUPPLIER F009QU Acciona Energy North America Corporation FLEET S53770 Accu-Die & Mold Inc SUPPLIER S13771 Accurate Technologies Inc SUPPLIER F16192 Ace Hardware Corporation FLEET S51798 ACG Direct Inc. SUPPLIER Affiliate Rewards Eligible Companies Program ID’s: 2013 2014 2015 Designated Corporate Customer 28HDR 28HER 28HFR Fleet Company 28HDH 28HEH 28HFH Supplier Company 28HDJ 28HEJ 28HFJ S11052 ACRO-FEED INDUSTRIES INC SUPPLIER S16363 ACS INDUSTRIES INC SUPPLIER F02623 Actavis FLEET F20510 Actavis Inc.
    [Show full text]
  • MFS Multimarket Income Trust
    QUARTERLY REPORT January 31, 2013 MFS® MULTIMARKET INCOME TRUST PORTFOLIO OF INVESTMENTS 1/31/13 (unaudited) The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes. Issuer Shares/Par Value ($) Bonds - 113.2% Aerospace - 1.3% Bombardier, Inc., 4.25%, 2016 (z) $ 236,000 $ 243,080 Bombardier, Inc., 7.5%, 2018 (n) 1,285,000 1,445,625 Bombardier, Inc., 7.75%, 2020 (n) 680,000 770,100 CPI International, Inc., 8%, 2018 985,000 985,000 Heckler & Koch GmbH, 9.5%, 2018 (z) EUR 504,000 605,634 Huntington Ingalls Industries, Inc., 7.125%, 2021 $ 1,600,000 1,760,000 Kratos Defense & Security Solutions, Inc., 10%, 2017 1,670,000 1,832,825 $ 7,642,264 Agricultural Products - 0.0% Corporacion Azucarera del Peru S.A., 6.375%, 2022 (n) $ 119,000 $ 127,925 Airlines - 0.1% Continental Airlines, Inc., 7.25%, 2021 $ 170,933 $ 198,282 Emirates Airlines, 4.5%, 2025 (z) 458,000 457,730 $ 656,012 Apparel Manufacturers - 0.7% Hanesbrands, Inc., 6.375%, 2020 $ 845,000 $ 914,713 Jones Group, Inc., 6.875%, 2019 1,215,000 1,268,156 PVH Corp., 7.375%, 2020 1,185,000 1,340,531 PVH Corp., 4.5%, 2022 720,000 716,400 $ 4,239,800 Asset-Backed & Securitized - 4.0% Banc of America Commercial Mortgage, Inc., FRN, 5.739%, 2051 $ 2,000,000 $ 2,330,676 Bayview Financial Acquisition Trust, FRN, 5.483%, 2041 438,551 447,325 Bayview Financial Revolving Mortgage Loan Trust, FRN, 1.803%, 2040 (z) 2,597,433 1,637,352 Citigroup Commercial Mortgage Trust, FRN, 5.701%, 2049 390,311 75,330 Citigroup/Deutsche Bank
    [Show full text]
  • MFS Special Value Trust
    QUARTERLY REPORT January 31, 2013 MFS® SPECIAL VALUE TRUST PORTFOLIO OF INVESTMENTS 1/31/13 (unaudited) The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes. Issuer Shares/Par Value ($) Bonds - 69.6% Aerospace - 1.6% Bombardier, Inc., 7.5%, 2018 (n) $ 105,000 $ 118,125 Bombardier, Inc., 7.75%, 2020 (n) 55,000 62,288 CPI International, Inc., 8%, 2018 115,000 114,955 Heckler & Koch GmbH, 9.5%, 2018 (z) EUR 100,000 120,165 Huntington Ingalls Industries, Inc., 7.125%, 2021 $ 170,000 187,000 Kratos Defense & Security Solutions, Inc., 10%, 2017 175,000 192,063 $ 794,596 Apparel Manufacturers - 0.4% Hanesbrands, Inc., 6.375%, 2020 $ 60,000 $ 64,950 Jones Group, Inc., 6.875%, 2019 85,000 88,719 PVH Corp., 4.5%, 2022 60,000 59,700 $ 213,369 Asset-Backed & Securitized - 0.3% Banc of America Commercial Mortgage, Inc., FRN, 6.254%, 2051 (z) $ 328,951 $ 78,481 Citigroup Commercial Mortgage Trust, FRN, 5.701%, 2049 220,000 42,460 Falcon Franchise Loan LLC, FRN, 6.542%, 2025 (i)(z) 78,634 12,361 JPMorgan Chase Commercial Mortgage Securities Corp., “C”, FRN, 6.001%, 2051 95,000 27,702 Morgan Stanley Capital I, Inc., FRN, 1.384%, 2039 (i)(z) 205,428 4,006 Preferred Term Securities XII Ltd., CDO, 0%, 2033 (a)(c)(z) 225,000 68 Preferred Term Securities XVI Ltd., CDO, 0%, 2035 (a)(c)(z) 300,000 30 Preferred Term Securities XVII Ltd., CDO, 0%, 2035 (a)(c)(z) 187,000 19 $ 165,127 Automotive - 2.7% Accuride Corp., 9.5%, 2018 $ 135,000 $ 133,313 Allison Transmission, Inc., 7.125%, 2019 (n) 160,000 173,600 Ford Motor Credit Co.
    [Show full text]