Great Lakes regional M&A update: Q2 2018
Aggregate Transaction Value ($ in millions) # of Middle Market Deals $3,500 100 $3,000 $2,500 $2,000 $1,500 $1,000 $500 $1,367 $1,506 29 32 $2,159 42 $2,497 $2,417 $2,653 47 43 56 $2,346 $3,026 44 45 $2,469 51 $2,725 $2,742 56 42 40 $2,196 $1,985 $3,008 45 45 $2,620 39 $2,176 $1,984 $1,839 $1,833 $1,633 $1,526 $1,404 30 34 26 21 23 22 30 90 80 70 60 50 40 30 20 10 $- Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 0 2013 2014 2015 2016 2017 2018
($ in millions) $100 $80 $60 $40 $20 $47.1 $47.1 $51.4 $53.1 $56.2 $47.4 $53.3 $67.2 $48.4 $48.7 $65.3 $66.8 $67.2 $70.5 $77.8 $61.3 $61.0 $54.9 $44.1 $44.9 $90.2 $72.5 $- Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 2015 2016 2017 2018 16.0x 14.0x 12.0x 10.0x 8.0x 6.0x 8.1x 14.0x 9.1x 4.0x 2.0x 0.0x Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2013 2014 2015 2016 2017 2018
Sector % of Q2 Deals Target Buyer Date Transaction Value (millions) Consumer Discretionary 27% Bravo Brio Restaurant Group, Inc. Spice Private Equity AG (SWX:SPCE) 05/24/2018 $101.9 Consumer Staples 3% Old Orchard Brands, LLC Woodward Detroit CVS, L.L.C. 01/31/2018 $158.9 Financials 30% First Evanston Bancorp, Inc. Byline Bancorp, Inc. (NYSE:BY) 05/31/2018 165.7 Healthcare 7% Connecture, Inc. Francisco Partners Management LLC 04/25/2018 113.3 Industrials 23% Central Conveyor Company, Inc. U.S. Tsubaki Holdings, Inc. 06/15/2018 141.0 Information Technology 10% Atrenne Integrated Solutions, Inc. Celestica Inc. (TSX:CLS) 04/04/2018 139.0 27% 30% 23% 3% 7% 10% Consumer Discretionary Consumer Staples Financials Healthcare Industrials Information Technology
Strategic Buyer Financial Buyer 16.7% 7 2 10 Illinois Indiana Michigan Minnesota 83.3% 4 5 2 Ohio Wisconsin State Target Buyer Date Transaction Value (millions) Illinois First Evanston Bancorp, Inc. Byline Bancorp, Inc. (NYSE:BY) 5/31/2018 $ 165.7 Indiana Dehco, Inc. Patrick Industries, Inc. (NasdaqGS:PATK) 4/30/2018 53.0 Michigan Old Orchard Brands, LLC Lassonde Industries Inc. (TSX:LAS.A) 5/31/2018 158.9 Minnesota Atrenne Integrated Solutions, Inc. Celestica Inc. (TSX:CLS) 4/4/2018 139.0 Ohio MXD Group, Inc. Ryder System, Inc. (NYSE:R) 4/2/2018 120.0 Wisconsin Connecture, Inc. Francisco Partners Management LLC 4/25/2018 $ 113.3
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