Investment Banking & Securities Offered Through SDR Capital Markets, Inc., Member FINRA & SIPC. Sustainable Packaging Materials Spend in E-Commerce $34.0 $32.9 $32.0 $30.0 $28.2 $28.0 $bn $26.0 $24.0 $22.0 $20.0 2017 2018 50 43 45 Financial 37 40 34 35 13% 30 25 18 20 14 15 15 10 12 10 3 5 - 1 - Strategic 87% Amount TEV/ TEV/ Date Target Buyer(s) Segment ($ in Mil) Rev EBITDA 12/26/18 United Services Automobile Assoc (Atlanta Logistics MIRAE ASSET DAEWOO CO., LTD. Logistics Providers 78.0 - - Ctr) 10/24/18 Martin Transport, Inc. Martin Midstream Partners LP Trucking 145.0 - 9.1x 10/18/18 AFF, INC. Odyssey Logistics & Technology Corp. Logistics Providers 465.0 - - 10/3/18 Prologis, Inc. (Logistics Portfolio) Government of Singapore; Mapletree Logistics Providers 1,100.0 - - Investments Pte Ltd. 9/27/18 Foundation Building Materials, Inc. (US Mechanical SPI LLC Building Products 122.5 - - Insulation) 8/31/18 Mark VII Transportation York Capital Management (Private Equity) Logistics Providers 238.5 - - 8/10/18 Southern Counties Express, Inc. Universal Logistics Holdings, Inc. Logistics Providers 65.7 1.2x - 8/2/18 Builders Transportation Co., Inc. Daseke, Inc. Trucking 53.8 - - 7/17/18 CPI Operations LLC PBF Logistics LP Logistics Providers 107.0 - - Strategic Buyer Inv. Date Select Corporate Acquisitions SiteOne Landscape Supply, Inc. 12/6/2018 ▪ All Around Landscape Supply 12/6/2018 ▪ Santa Ynez Stone & Topsoil 10/22/2018 ▪ C&C Sand and Stone 7/30/2018 ▪ CentralPro 7/27/2018 ▪ Stone Center LC 7/25/2018 ▪ Kirkwood Material Supply, Inc. 6/26/2018 ▪ All American Stone & Turf No. 4 LLC 6/26/2018 ▪ Auto-Rain Supply, Inc. 5/21/2018 ▪ Landscaper's Choice Universal Logistics Holdings, Inc. 12/7/2018 ▪ Deco Logistics, Inc. 12/7/2018 ▪ Oaktree Logistics, Inc. 10/15/2018 ▪ Specialized Rail Service, Inc. 8/10/2018 ▪ Southern Counties Express, Inc. Beacon Roofing Supply, Inc. 7/16/2018 ▪ Atlas Supply, Inc. 5/1/2018 ▪ Tri-State Builder's Supply, Inc. 8/24/2017 ▪ Allied Building Products Corp. 5/1/2017 ▪ Lowry's, Inc. 1/3/2017 ▪ American Building & Roofing, Inc. St. George Logistics Corp. 3/15/2018 ▪ Summit NW Corp. (PE Sponsor: Wind Point) 3/13/2018 ▪ Freight Force, Inc. 12/14/2017 ▪ Channel Distribution Corp. 5/9/2017 ▪ Extra Express, Inc. FleetPride, Inc. 11/19/2018 ▪ B & A Friction Material, Inc. (PE Sponsor: American Securities LLC) 8/7/2018 ▪ Long Island Truck Parts, Inc. 5/15/2018 ▪ Ohio Diesel Fleet Supply, Inc. 1/4/2018 ▪ Truck Parts & Equipment, Inc. Financial Buyer Inv. Date Select Corporate Investments CI Capital Partners LLC 8/16/2018 ▪ Speed Industrial Supply 6/28/2018 ▪ Co-Sales Co. 5/17/2018 ▪ Ritt-Beyer & Weir, Inc. 5/17/2018 ▪ W.J. Pence Co. 4/30/2018 ▪ Roar Logistics, Inc. (Freight Management Div) 1/2/2018 ▪ Redwood Logistics LLC Clearlake Capital Group LP 10/14/2018 ▪ Consolidated Lumber Co., LLC 10/2/2018 ▪ Breckenridge Building Center, Inc. 10/2/2018 ▪ Edwards Building Center LLC 9/26/2018 ▪ Meek's Lumber Yard, Inc. 4/10/2018 ▪ Wheel Pros LLC 4/5/2018 ▪ Lytx, Inc. Audax Private Equity 12/6/2018 ▪ Network Global Logistics LLC 11/13/2018 ▪ Colony Hardware Corp. 7/10/2018 ▪ Midnite Air Corp. 2/1/2018 ▪ Sikes Paper & Chemical Supply, Inc. (via Imperial Dade) 12/20/2017 ▪ Liquid Environmental Solutions Corp. 11/1/2017 ▪ Kranz (via Imperial Dade) 7/19/2017 ▪ JPC Enterprises, Inc. (via Imperial Bag) 5/23/2017 ▪ Dade Paper and Bag Co. (via Imperial Bag) 20% 15% 10% 5% 0% -5% -10% -15% -20% Automotive Building Products Electronic Components Food & Beverage Industrial Medical Wire & Cable S&P 500 Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA Genuine Parts Co. GPC-US $ 14,092 $ 96.02 1.1% 1.1% 89.1% 6.1% 7.7% 0.9x 12.8x 19.3x 0.9x 10.8x LKQ Corp. LKQ-US 7,551 23.73 (41.7%) (41.7%) 54.1% 16.0% 10.3% 1.0x 9.7x 13.1x 0.9x 8.3x Dorman Products, Inc. DORM-US 2,975 90.02 47.2% 47.2% 98.6% 9.5% 20.3% 3.1x 14.9x 24.8x 2.8x 13.4x Kaman Corp. KAMN-US 1,568 56.09 (4.7%) (4.7%) 74.7% 8.7% 6.5% 1.0x 12.6x NM 0.9x 9.5x Uni-Sélect, Inc. UNS-CA 601 14.21 (31.7%) (31.7%) 62.1% 9.1% 7.8% 0.6x 8.2x 12.6x 0.5x 7.5x Essendant, Inc. ESND-US 474 12.58 35.7% 35.7% 73.6% NM 1.3% 0.2x NM NM NM NM Lawson Products, Inc. LAWS-US 282 31.60 27.7% 27.7% 85.6% 6.3% (0.6%) 0.8x 23.6x 12.2x 0.8x 10.0x Segment Average 4.8% 4.8% 76.8% 9.3% 7.6% 1.1x 13.6x 16.4x 1.1x 9.9x Segment Median 1.1% 1.1% 74.7% 8.9% 7.7% 0.9x 12.7x 13.1x 0.9x 9.7x Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA W.W. Grainger, Inc. GWW-US $ 15,903 $ 282.36 19.5% 19.5% 75.9% 7.9% 9.1% 1.6x 12.3x 22.3x 1.5x 10.0x HD Supply Holdings, Inc. HDS-US 6,683 37.52 (6.3%) (6.3%) 81.1% 9.4% 15.0% 1.5x 10.5x NM 1.4x 9.4x Pool Corp. POOL-US 5,985 148.65 14.7% 14.7% 84.5% 10.2% 12.3% 2.2x 19.6x 25.5x 2.1x 17.0x Beacon Roofing Supply, Inc. BECN-US 2,162 31.72 (50.3%) (50.3%) 47.7% 12.0% 8.9% 0.8x 11.0x 30.1x 0.7x 8.8x BMC Stock Holdings, Inc. BMCH-US 1,043 15.48 (38.8%) (38.8%) 61.1% (0.8%) 6.9% 0.4x 6.0x 9.6x 0.4x 5.6x Boise Cascade Co. BCC-US 928 23.85 (40.2%) (40.2%) 48.4% 2.2% 4.1% 0.2x 10.8x NM 0.2x 5.2x BlueLinx Holdings, Inc. BXC-US 230 24.71 153.2% 153.2% 53.2% NM 0.9% 0.4x 27.0x 10.7x NM NM Huttig Building Products, Inc. HBP-US 47 1.80 (72.9%) (72.9%) 23.7% NM 2.2% 0.3x NM NM NM NM Segment Average (2.6%) (2.6%) 59.4% 6.8% 7.4% 0.9x 13.9x 19.6x 1.0x 9.3x Segment Median (22.5%) (22.5%) 57.1% 8.7% 7.9% 0.6x 11.0x 22.3x 1.0x 9.1x Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA W.W. Grainger, Inc. GWW-US $ 15,903 $ 282.36 19.5% 19.5% 75.9% 7.9% 9.1% 1.6x 12.3x 22.3x 1.5x 10.0x Arrow Electronics, Inc. ARW-US 6,011 68.95 (14.3%) (14.3%) 79.0% 2.4% 4.6% 0.3x 6.6x 11.3x 0.3x 6.4x Avnet, Inc. AVT-US 4,015 36.10 (8.9%) (8.9%) 73.1% 6.0% 4.1% 0.3x 6.5x NM 0.3x 6.0x Tech Data Corp. TECD-US 3,053 81.81 (16.5%) (16.5%) 75.3% (4.4%) 2.1% 0.1x 5.3x 14.0x 0.1x 4.8x WESCO International, Inc. WCC-US 2,241 48.00 (29.6%) (29.6%) 69.2% 5.0% 5.5% 0.4x 8.3x NM 0.4x 7.5x ScanSource, Inc. SCSC-US 880 34.38 (4.0%) (4.0%) 77.6% 3.8% 3.7% 0.3x 8.1x 20.3x 0.3x 7.5x Richardson Electronics Ltd. RELL-US 95 8.69 28.9% 28.9% 83.6% 8.1% 0.8% 0.3x 9.4x 46.5x 0.3x 5.7x Segment Average (3.5%) (3.5%) 76.2% 4.1% 4.3% 0.5x 8.1x 22.9x 0.4x 6.9x Segment Median (8.9%) (8.9%) 75.9% 5.0% 4.1% 0.3x 8.1x 20.3x 0.3x 6.4x Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap LTM YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA Sysco Corp. SYY-US $ 32,570 $ 62.66 3.2% 3.2% 82.5% 4.4% 5.6% 0.7x 12.8x 22.2x 0.7x 11.4x US Foods Holding Corp. USFD-US 6,876 31.64 (0.9%) NA 77.3% 2.9% 4.3% 0.4x 10.3x 12.4x 0.4x 8.7x Performance Food Group Co. PFGC-US 3,394 32.27 (2.5%) (2.5%) 81.8% 6.9% 1.9% 0.3x 11.8x 16.6x 0.2x 9.6x Core-Mark Holding Co., Inc.