30 25 Financial 25 20 17% 15 10 15 11 5 3 1 2 1 - 5 7 5 Strategic - 83% Amount Date Target Buyer(s) Segment TEV/ Rev TEV/ EBITDA ($ in Mil) 3/15/2017 RKI Instruments, Inc. Riken Keiki Co., Ltd. Industrial 35.58 1.06x - 3/13/2017 Plumrose USA, Inc. JBS USA LLC Food & Beverage 230.00 - - 3/7/2017 Dominion Terminal Associates Ashland Terminal, Inc. Industrial 20.45 - - 2/24/2017 Comfort Foods, Inc. Coffee Holding Co., Inc. Food & Beverage 2.30 - - 2/16/2017 Peninsula Packaging LLC Sonoco Products Co. Industrial 230.00 1.21x - 2/14/2017 Carrier Enterprise Northeast LLC Watsco, Inc. Industrial 430.00 0.86x - 2/1/2017 Triton Stone Group Brand Triton Stone Group New Orleans LLC Industrial 40.00 - - 1/17/2017 Daymon Worldwide, Inc. Bain Capital Investors LLC Food & Beverage 413.00 - - 1/10/2017 Denali Group, Inc. WNS (Holdings) Ltd. Logistics Providers 40.00 - - 1/4/2017 Jackson-Mitchell, Inc. Emmi AG Food & Beverage 31.10 - - 1/3/2017 Flyte Tyme Worldwide Transportation The Carlyle Group LP Trucking 25.00 0.38x - Strategic Buyer Inv. Date Select Corporate Acquisitions GMS, Inc. 12/6/2016 ▪ SGI, Inc. 11/1/2016 ▪ Ryan Building Materials, Inc. 10/4/2016 ▪ United Building Materials, Inc. 9/2/2016 ▪ Olympia Building Supplies, LLC 8/30/2016 ▪ Steven Kempf Building Material Company 7/6/2016 ▪ RockWise, LLC 4/1/2016 ▪ Professional Handling and Distribution, Inc. 1/5/2016 ▪ Gypsum Supply Co., Inc. 12/9/2015 ▪ Hathaway & Sons Inc. 12/2/2015 ▪ Badgerland Supply, Inc. SRS Distribution, Inc. 12/2/2016 ▪ Metro Roofing Supplies 11/7/2016 ▪ Tri State Aluminum Products 10/24/2016 ▪ MidSouth Building Supply 8/22/2016 ▪ National Building & Roofing Supplies 8/8/2016 ▪ Monroe Aluminum Products, Inc. 5/10/2016 ▪ Atlantic Roofing Distributors LLC 12/21/2015 ▪ Willoughby Supply Company's South Florida Locations XPO Logistics, Inc. (NYSE:XPO) 9/9/2015 ▪ Con-way Inc. 5/4/2015 ▪ Bridge Terminal Transport Inc. 7/29/2014 ▪ Simply Logistics, Inc. 7/29/2014 ▪ XPO Logistics Supply Chain, Inc. 1/6/2014 ▪ XPO Intermodal, Inc. Echo Global Logistics, Inc. (NasdaqGS:ECHO) 4/21/2015 ▪ Command Transportation, LLC 2/5/2015 ▪ Xpress Solutions, Inc. 5/13/2014 ▪ One Stop Logistics, Inc. 2/26/2014 ▪ Comcar Logistics LLC 2/6/2014 ▪ Online Freight Services, Inc. Rising Tide Development, LLC 1/12/2016 ▪ Self-Storage Center 10/2/2014 ▪ Self-Storage Property 5/7/2014 ▪ Self Storage Center 4/9/2014 ▪ Self Storage Property US Foods, Inc. 3/6/2017 ▪ SRA Foods, Inc. 9/30/2016 ▪ Jeraci Food Distributors, Inc. 2/26/2016 ▪ Cara Donna Provision Co., Inc. Financial Buyer Inv. Date Select Corporate Investments 500 Startups 5/16/2016 ▪ Cognitive Operational Systems, LLC 11/5/2015 ▪ Moveha, LLC 11/5/2015 ▪ Whiplash Merchandising LLC 1/27/2015 ▪ KidzJet, L.L.C. 2/3/2014 ▪ myDoorman Inc. Ridgemont Equity Partners 1/17/2017 ▪ Worldwide Express Operations LLC 9/7/2016 ▪ Nolan Transportation Group, Inc. 7/1/2016 ▪ WhiteWater Midstream 10/20/2015 ▪ Unishippers Global Logistics, LLC 10/15/2014 ▪ Transportation Insight, LLC KJM Capital LLC 12/22/2016 ▪ Blue Sky Logistics LLC 12/22/2016 ▪ Interide Transportation LLC 12/6/2016 ▪ Sunco Carriers, Inc. ABRY Partners, LLC 2/6/2017 ▪ Highwinds Network Group, Inc. 2/6/2016 ▪ FLS Transportation Services, Inc. 9/15/2014 ▪ CitiXsys Americas Inc. 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 Quarter 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 13,701$ 92.34$ -3.3% -3.3% 87.1% 4.0% 7.4% 0.9x 11.8x 20.1x 0.9x 10.6x LKQ Corp. LKQ-US 9,123 29.60 -3.4% -3.4% 81.4% 10.4% 10.4% 1.4x 12.1x 19.7x 1.3x 10.7x Dorman Products, Inc. DORM-US 2,817 81.51 11.6% 11.6% 99.4% 8.9% 22.7% 3.1x 14.2x 26.6x 2.9x 13.1x Kaman Corp. KAMN-US 1,302 48.05 -1.8% -1.8% 90.0% 3.8% 8.7% 0.9x 11.0x 22.9x 0.9x 9.9x Uni-Sélect, Inc. UNS-CA 1,113 26.35 18.8% 18.8% 96.0% 11.8% 8.2% 1.0x 11.4x 19.2x 0.9x 9.8x Essendant, Inc. ESND-US 548 14.62 -30.0% -30.0% 41.8% (1.2%) 0.8% 0.2x 7.1x 8.5x 0.2x 7.4x Lawson Products, Inc. LAWS-US 194 21.90 -8.0% -8.0% 77.9% 4.2% (5.0%) 0.7x 29.0x NM 0.7x 12.3x Segment Average $4,114 (2.3%) (2.3%) 82.0% 6.0% 7.6% 1.2x 13.8x 19.5x 1.1x 10.6x Segment Median $1,302 (3.3%) (3.3%) 87.1% 4.2% 8.2% 0.9x 11.8x 19.9x 0.9x 10.6x Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA Wolseley Plc WOS-GB 16,051$ 63.46$ 2.4% 2.4% 95.8% 9.2% 7.2% 0.9x 11.8x 25.5x 0.8x 10.7x HD Supply Holdings, Inc. HDS-US 8,291 41.10 -3.3% -3.3% 91.9% 6.0% 10.0% 1.6x 13.3x 41.1x 1.5x 11.9x Pool Corp. POOL-US 4,910 118.91 14.0% 14.0% 98.0% 7.7% 3.5% 2.1x 19.2x 34.3x 2.0x 18.6x Beacon Roofing Supply, Inc. BECN-US 2,926 48.71 5.7% 5.7% 96.2% 6.9% 8.4% 1.0x 10.7x 28.7x 0.9x 10.1x BMC Stock Holdings, Inc. BMCH-US 1,512 22.65 16.2% 16.2% 98.1% 7.7% 5.7% 0.6x 10.5x 49.2x 0.6x 7.9x Boise Cascade Co. BCC-US 1,023 26.55 18.0% 18.0% 88.6% 11.9% 1.9% 0.3x 8.8x 27.1x 0.3x 7.1x Huttig Building Products, Inc. HBP-US 214 8.24 24.7% 24.7% 91.4% NM 1.8% 0.4x 10.1x 12.9x NM NM BlueLinx Holdings, Inc. BXC-US 78 8.68 16.2% 16.2% 89.5% NM 1.2% 0.2x 13.5x 4.9x NM NM Segment Average $4,375 11.7% 11.7% 93.7% 8.2% 5.0% 0.9x 12.2x 27.9x 1.0x 11.1x Segment Median $2,219 15.1% 15.1% 93.8% 7.7% 4.6% 0.7x 11.3x 27.9x 0.9x 10.4x Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA W.W. Grainger, Inc. GWW-US 13,732$ 233.86$ 0.7% 0.7% 89.0% 4.7% 12.1% 1.6x 10.9x 23.7x 1.5x 10.7x Arrow Electronics, Inc. ARW-US 6,588 73.88 3.6% 3.6% 97.4% 3.9% 4.7% 0.4x 8.2x 13.0x 0.4x 7.9x Avnet, Inc. AVT-US 5,879 45.61 -4.2% -4.2% 88.6% (13.7%) 4.5% 0.4x 10.0x 15.2x 0.5x 9.6x Tech Data Corp. TECD-US 3,510 92.34 9.0% 9.0% 95.8% 30.8% 1.8% 0.1x 6.7x 16.8x 0.1x 3.7x WESCO International, Inc. WCC-US 3,352 68.80 3.4% 3.4% 90.3% 2.9% 5.5% 0.6x 11.7x 32.8x 0.6x 11.1x ScanSource, Inc. SCSC-US 987 39.10 -3.1% -3.1% 87.0% 6.0% 3.5% 0.3x 31.1x 15.5x 0.3x 8.5x Richardson Electronics Ltd. RELL-US 63 5.91 -6.2% -6.2% 81.6% 0.4% (1.9%) 0.1x NM NM 0.1x NM Segment Average $4,873 0.5% 0.5% 90.0% 5.0% 4.3% 0.5x 13.1x 19.5x 0.5x 8.6x Segment Median $3,510 0.7% 0.7% 89.0% 3.9% 4.5% 0.4x 10.4x 16.1x 0.4x 9.0x Market Stats Operating Stats LTM Multiples NTM Multiples Est. TEV/ TEV/ Market Cap Quarter YTD % of 52 EBITDA TEV/ TEV/ Price/ Company Name Symbol Price ($) Revenue NTM NTM ($ in Mil) Change Change Week High Margin Rev EBITDA EPS Growth Revenue EBITDA Sysco Corp. SYY-US 28,102$ 52.02$ -6.1% -6.1% 91.2% 5.7% 5.4% 0.7x 12.1x 28.3x 0.6x 11.0x US Foods Holding Corp. USFD-US 6,162 27.78 1.1% NA 99.4% 3.4% 4.2% 0.4x 11.2x 27.0x 0.4x 8.8x Performance Food Group Co. PFGC-US 2,427 23.45 -2.3% -2.3% 83.4% 5.8% 2.0% 0.2x 11.9x 32.6x 0.2x 9.2x United Natural Foods, Inc.