❑ ❑ ❑ 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.