Financial 6% 14 13 11 12 10 10 8 6 6 5 4 1 1 1 2 - - - Strategic - 94% Amount Date Target Buyer(s) Segment TEV/ Rev TEV/ EBITDA ($ in Mil) 12/21/2017 Gener8 Maritime, Inc. Euronav NV Industrial 1,666.33 4.7x 8.3x 12/07/2017 Keen Transport Co. Wallenius Wilhelmsen Logistics ASA Industrial 64.00 0.8x 6.4x 12/04/2017 Roadmaster Group, Inc. Daseke, Inc. Industrial 77.49 - - 11/07/2017 Cantaloupe Systems, Inc. USA Technologies, Inc. Software 84.81 - - 11/06/2017 RxCrossroads LLC McKesson Corp. Logistics Providers 735.00 - - 11/02/2017 Black Duck Software, Inc. Synopsys, Inc. Software 565.00 - - 10/22/2017 Noble Americas Corp. Euromin, Inc. Logistics Providers 1,053.00 - - 10/09/2017 Radial, Inc. bpost SA Trucking 820.00 - - 10/09/2017 ConGlobal Industries, Inc. AMP Capital Investors Ltd. Warehousing and 500.00 - - Storage 10/03/2017 Bonded Services Group, Inc. Iron Mountain, Inc. Warehousing and 77.00 - - Storage Strategic Buyer Inv. Date Select Corporate Acquisitions Daseke, Inc. 12/4/2017 ▪ Roadmaster Group, Inc. 12/4/2017 ▪ Tennessee Steel Haulers, Inc. 12/1/2017 ▪ Moore Freight Service, Inc. 9/5/2017 ▪ R&R Trucking, Inc. 7/5/2017 ▪ Steelman Transportation, Inc. 5/1/2017 ▪ Schilli Transportation Services, Inc. US Foods Holding Corp. 7/14/2017 ▪ Toba, Inc. (3 Subsidiaries) 6/2/2017 ▪ F. Christiana & Co 4/24/2017 ▪ First Class Foods, Inc. 3/6/2017 ▪ SRA Foods, Inc. GlobalTranz Enterprises, Inc. 12/7/2017 ▪ Freight Handlers, Inc. 6/16/2017 ▪ Worthington Logistics Solutions, Inc. 5/16/2017 ▪ Hall Enterprises, Inc. 1/10/2017 ▪ Global Freight Source, Inc. Beacon Roofing Supply, Inc. 8/24/2017 ▪ Allied Building Products Corp. 5/1/2017 ▪ Lowry's, Inc. 1/3/2017 ▪ American Building & Roofing, Inc. 12/16/2016 ▪ BJ Building Material Supply Co. SiteOne Landscape Supply, Inc. 8/7/2017 ▪ South Coast Supply Co. 5/25/2017 ▪ Evergreen Partners of Raleigh LLC 3/13/2017 ▪ Angelo's Supplies, Inc. 1/4/2016 ▪ Hydro-Scape Products, Inc. Financial Buyer Inv. Date Select Corporate Investments Audax Private Equity 7/19/2017 ▪ JPC Enterprises, Inc. 4/4/2017 ▪ AFI Shareholder LLC 11/8/2016 ▪ Engineering Controls, Inc. 7/19/2016 ▪ RelaDyne, Inc. CI Capital Partners LLC 6/19/2017 ▪ Angelus Welding, Inc. 3/6/2017 ▪ Simplified Logistics LLC 12/16/2016 ▪ Cadence Chemical Corp. New Mountain Capital LLC 6/14/2017 ▪ Attentus Medical Sales, Inc. 5/5/2017 ▪ VWR Corp. 8/19/2016 ▪ JDA Software Group, Inc. Ridgemont Equity Partners 1/17/2017 ▪ Worldwide Express Operations LLC 9/7/2016 ▪ Nolan Transportation Group, Inc. 7/1/2016 ▪ WhiteWater Midstream The Carlyle Group LP 9/13/2017 ▪ Aleph Global, Inc. 9/5/2017 ▪ United Road Services, Inc. 1/3/2017 ▪ Flyte Tyme Worldwide Transportation ABRY Partners, LLC 2/6/2017 ▪ Highwinds Network Group, Inc. 2/6/2016 ▪ FLS Transportation Services, Inc. 20% 15% 10% 5% 0% -5% -10% -15% 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$ 13,930 95.01$ -0.7% -0.6% 94.2% 13.4% 7.2% 0.9x 12.6x 21.3x 0.8x 10.1x LKQ Corp. LKQ-US 12,569 40.67 13.0% 32.7% 98.2% 10.0% 10.7% 1.6x 14.7x 25.2x 1.5x 12.4x Dorman Products, Inc. DORM-US 2,062 61.14 -14.6% -16.3% 69.1% 10.5% 21.6% 2.2x 9.7x 18.5x 2.0x 8.7x Kaman Corp. KAMN-US 1,637 58.84 5.5% 20.3% 97.4% 6.8% 9.4% 1.1x 13.7x 32.6x 1.1x 11.2x Uni-Sélect, Inc. UNS-CA 959 22.67 5.4% -3.7% 82.9% 25.9% 8.7% 1.0x 11.6x 19.7x 0.8x 9.4x Essendant, Inc. ESND-US 349 9.27 -29.6% -55.6% 41.2% (1.8%) 0.7% 0.2x 9.4x NM 0.2x NM Lawson Products, Inc. LAWS-US 220 24.75 -1.8% 4.0% 88.1% 15.8% 3.5% 0.7x 35.4x 48.1x 0.6x 8.8x Segment Average (3.3%) (2.7%) 81.6% 11.5% 8.8% 1.1x 15.3x 27.6x 1.0x 10.1x Segment Median (0.7%) (0.6%) 88.1% 10.5% 8.7% 1.0x 12.6x 23.2x 0.8x 9.7x 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 Ferguson Plc WOS-GB$ 17,958 72.10$ 8.9% 7.4% 96.0% 2.4% 10.2% 0.9x 11.6x 18.3x 0.9x 11.1x HD Supply Holdings, Inc. HDS-US 7,433 40.03 11.0% -5.8% 89.5% (29.8%) 15.0% 1.5x 12.6x 79.8x 1.7x 11.7x Pool Corp. POOL-US 5,208 129.65 19.9% 24.3% 98.3% 8.5% 11.9% 2.1x 19.0x 32.7x 2.0x 17.7x Beacon Roofing Supply, Inc. BECN-US 4,315 63.76 24.4% 38.4% 98.3% 58.6% 10.0% 1.1x 13.0x 38.9x 0.7x 7.4x BMC Stock Holdings, Inc. BMCH-US 1,696 25.30 18.5% 29.7% 98.4% 10.5% 6.5% 0.6x 11.2x 34.2x 0.6x 8.7x Boise Cascade Co. BCC-US 1,538 39.90 14.3% 77.3% 97.4% 11.3% 6.3% 0.4x 10.8x 22.9x 0.4x 7.3x Huttig Building Products, Inc. HBP-US 172 6.65 -5.8% 0.6% 72.0% 9.0% 2.2% 0.4x 22.5x 73.9x 0.3x NM BlueLinx Holdings, Inc. BXC-US 89 9.76 -5.5% 30.7% 82.9% NM 2.9% 0.2x 10.8x 4.5x NM NM Segment Average 10.7% 25.3% 91.6% 10.1% 8.1% 0.9x 13.9x 38.1x 0.9x 10.7x Segment Median 12.7% 27.0% 96.7% 9.0% 8.2% 0.8x 12.1x 33.4x 0.7x 9.9x 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$ 13,462 236.25$ 31.4% 1.7% 89.9% 6.0% 13.7% 1.5x 11.4x 28.0x 1.4x 11.3x Arrow Electronics, Inc. ARW-US 7,074 80.41 0.0% 12.8% 95.1% 10.1% 4.2% 0.4x 8.5x 14.2x 0.3x 7.6x Avnet, Inc. AVT-US 4,791 39.62 0.8% -16.8% 82.2% 3.8% 3.9% 0.3x 7.6x 17.3x 0.3x 6.9x Tech Data Corp. TECD-US 3,738 97.97 10.3% 15.7% 88.2% 12.5% 1.7% 0.1x 6.1x 18.7x 0.1x 4.4x WESCO International, Inc. WCC-US 3,203 68.15 17.0% 2.4% 89.5% 6.6% 5.3% 0.6x 11.8x 17.6x 0.6x 11.0x ScanSource, Inc. SCSC-US 913 35.80 -18.0% -11.3% 78.9% 5.6% 3.6% 0.3x 9.4x 15.6x 0.3x 8.2x Richardson Electronics Ltd. RELL-US 72 6.74 12.9% 7.0% 98.0% NM NM 0.2x NM NM 0.2x 14.6x Segment Average 7.8% 1.6% 88.8% 7.4% 5.4% 0.5x 9.1x 18.6x 0.5x 9.1x Segment Median 10.3% 2.4% 89.5% 6.3% 4.1% 0.3x 9.0x 17.4x 0.3x 8.2x 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$ 31,644 60.73$ 12.6% 9.7% 96.7% 5.1% 5.6% 0.7x 12.8x 27.7x 0.7x 11.9x US Foods Holding Corp. USFD-US 7,172 31.93 19.6% NA 99.5% 5.2% 4.4% 0.5x 11.7x 27.1x 0.4x 9.7x Performance Food Group Co. PFGC-US 3,671 33.10 17.2% 37.9% 99.0% 7.5% 1.9% 0.3x 13.9x 32.1x 0.3x 10.5x United Natural Foods, Inc. UNFI-US 2,483 49.27 18.5% 3.2% 93.5% 7.5% 3.2% 0.3x 9.1x 19.1x 0.3x 8.4x Core-Mark Holding Co., Inc. CORE-US 1,459 31.58 -1.7% -26.7% 71.9% 9.0% 1.0% 0.1x 15.3x 35.1x 0.1x 10.8x SpartanNash Co. SPTN-US 986 26.68 1.2% -32.5% 66.1% 2.8% 2.8% 0.2x 7.2x NM 0.2x 6.6x The Chefs' Warehouse, Inc. CHEF-US 583 20.50 6.2% 29.7% 93.6% 9.7% 4.8% 0.7x 15.1x 37.3x 0.6x 11.8x Segment Average 10.5% 3.6% 88.6% 6.7% 3.4% 0.4x 12.2x 29.7x 0.4x 10.0x Segment Median 12.6% 6.5% 93.6% 7.5% 3.2% 0.3x 12.8x 29.9x 0.3x 10.5x Market Stats Operating Stats LTM Multiples NTM Multiples Est.