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Investment Banking & Securities Offered Through SDR Capital Markets, Inc., Member FINRA & SIPC.

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Page 1: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Investment Banking & Securities Offered Through SDR

Capital Markets, Inc., Member FINRA & SIPC.

Page 2: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

• Short Term Conversion

• Medium Term Implementation

• Long Term Vision

• Traditional Internet

• Programmatic Display

• Music & Video Streaming

• Podcasts

• Content Delivery Systems

• Use of Emerging Technologies

• Brand Recognition

• Conversion Optimization

• Customer Journey

• Consumer Demographics And

Sentiment

• Web Development

• SEO & SEM

• Mobile Development

• UI/UX Design

• Paid Search & Social

• Content Marketing

• Organic Social

• Retargeting

Page 4: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA12/21/18 Fairway Outdoor Advertising LLC (Five

Billboard Operations)

Lamar Advertising Co. Marketing Services 418.50 - -

11/26/18 Oasis Outsourcing Holdings, Inc. Paychex North America, Inc. Human Resources 1,200.00 - -

11/26/18 LineTec Services LLC Southwest Gas Corp.; Centuri Construction

Group, Inc.

Facility and Industrial Services 373.75 - -

11/16/18 Cylance, Inc. BlackBerry Ltd. IT Services 1,500.00 13.8x -

10/15/18 Cambium Learning Group, Inc. Veritas Capital Fund Management LLC Education and Training 702.19 4.4x 15.1x

10/9/18 General Dynamics Information Technology Inc

(Citizen Eng Bus)

MAXIMUS Federal Services, Inc. Business Process Outsourcing 400.00 0.6x -

9/17/18 OnCourse Learning Corp. Bertelsmann SE & Co. KGaA Education and Training 500.00 - -

8/8/18 Dun & Bradstreet Corp. Thomas H. Lee Partners LP; CC Capital

Management LLC; Cannae Holdings, Inc.;

Black Knight, Inc.; Dun & Bradstreet Corp.

Information Services 6,521.33 3.6x 10.9x

8/3/18 Alchemy Systems LP Intertek Group Plc Education and Training 480.00 - -

38 53

43

63

13

115

1

20

71 87

-

20

40

60

80

100

120

140

Page 5: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Financial Buyer Inv. Date Select Corporate Acquisitions▪The Carlyle Group LP (Corporate Private Equity) 10/31/2018 ▪ Barometric Holdings LLC

10/1/2018 ▪ Planet Payroll, Inc.

4/16/2018 ▪ Lenati LLC

3/13/2018 ▪ Kroll, Inc.

3/1/2018 ▪ Corporate Finance Group, Inc.

1/10/2018 ▪ Latin Force Group LLC

7/17/2017 ▪ APC Workforce Solutions LLC

New Mountain Capital LLC 11/16/2018 ▪ HealthScape Advisors LLC

7/26/2018 ▪ Beeline.com, Inc.

7/12/2018 ▪ Strategic Employee Benefit Services of Texas

5/16/2018 ▪ Susan E. Crocker Human Resources Consulting, Inc.

2/27/2018 ▪ The Survey Group

7/11/2017 ▪ First Recovery Group LLC

3/31/2017 ▪ TRC Cos., Inc.

Providence Equity Partners LLC 11/19/2018 ▪ FISH Technologies LLC

10/1/2018 ▪ InfinityHR

8/8/2018 ▪ KPA Services LLC

1/18/2018 ▪ Vistage Worldwide, Inc.

2/21/2017 ▪ Results Software LLC

2/16/2017 ▪ Scenario Learning LLC

Strategic Buyer Inv. Date Select Corporate AcquisitionsAccenture Plc 12/3/2018 ▪ Enaxis Consulting LP

3/29/2018 ▪ Meredith Xcelerated Marketing Corp.

12/14/2017 ▪ Rothcove Partners LLC

9/6/2017 ▪ Interactive Broadband Consulting Group LLC

9/6/2017 ▪ Matter, Inc.

7/12/2017 ▪ clearhead Group LLC

6/7/2017 ▪ Phase One Consulting Group, Inc.

6/1/2017 ▪ LabAnswer Government LLC

Ascensus 8/21/2018 ▪ PenSys, Inc.

7/31/2018 ▪ 401k Plus, Inc.

7/30/2018 ▪ Continental Benefits Group, Inc.

7/3/2018 ▪ INTAC Actuarial Services Inc

6/27/2018 ▪ QBI LLC

6/19/2018 ▪ SES Advisors, Inc.

6/19/2018 ▪ Swerdlin & Co

4/25/2018 ▪ Benefit Planning Consultants

Alera Group, Inc. 10/9/2018 ▪ GLB Insurance Group of Nevada

10/9/2018 ▪ Distinctive Insurance LLC

9/12/2018 ▪ Burnham Benefit Advisors

9/12/2018 ▪ Champion Benefits

9/12/2018 ▪ Vantagepoint Benefit Strategies Inc

8/14/2018 ▪ Barnes Insurance & Financial Services

6/30/2018 ▪ The Insurance Alliance of Central Pennsylvania, Inc.

6/25/2018 ▪ Mike Menath Insurance, Inc.

Page 6: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Pearson Plc PSON-GB 9,335$ 11.95$ 27.5% 27.5% 93.6% (3.4%) 18.3% 1.9x 7.2x 11.9x 1.9x 11.0x

Graham Holdings Co. GHC-US 2,779 640.58 14.7% 14.7% 94.4% NM 14.1% 1.2x 8.2x 8.5x NM NM

John Wiley & Sons, Inc. JW.A-US 2,688 46.97 (28.6%) (28.6%) 65.5% 3.2% 24.0% 1.7x 7.8x 15.7x 1.7x 8.0x

Strategic Education, Inc. STRA-US 2,462 113.42 26.6% 26.6% 73.2% 87.8% 3.0% 4.2x 35.0x NM 1.8x 7.7x

K12, Inc. LRN-US 996 24.79 55.9% 55.9% 99.8% 9.2% 1.9% 0.8x 6.5x 37.0x 0.8x 6.1x

Career Education Corp. CECO-US 797 11.42 (5.5%) (5.5%) 59.9% 4.7% 16.2% 1.0x 8.2x NM 1.0x 5.6x

GP Strategies Corp. GPX-US 209 12.61 (45.6%) (45.6%) 47.1% 9.0% 6.1% 0.6x 10.7x 23.0x 0.5x 6.5x

Bridgepoint Education, Inc. BPI-US 190 7.01 (15.5%) (15.5%) 51.4% 0.9% 5.5% NM 0.2x 9.8x 0.0x 0.3x

3.7% 3.7% 73.1% 15.9% 11.1% 1.6x 10.5x 17.7x 1.1x 6.5x4.6% 4.6% 69.3% 4.7% 10.1% 1.2x 8.0x 13.8x 1.0x 6.5x

Market Stats Operating Stats LTM Multiples NTM Multiples

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

Education & Training Facility Services and Industrial ServicesReal Estate Services Specialty ConsultingS&P 500

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

Business Process Outsourcing Information Services Human Resources

Marketing Services IT Services S&P 500

Page 7: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Waste Management, Inc. WM-US 37,941$ 88.99$ 3.1% 3.1% 93.2% 5.6% 29.5% 3.3x 11.3x 16.9x 3.1x 10.9x

Republic Services, Inc. RSG-US 23,398 72.09 6.6% 6.6% 91.8% 4.5% 28.4% 3.1x 11.2x 17.2x 3.0x 10.6x

Waste Connections, Inc. WCN-US 19,547 74.25 4.7% 4.7% 91.3% 15.7% 31.9% 4.9x 15.3x 27.5x 4.3x 13.4x

Cintas Corp. CTAS-US 17,660 167.99 7.8% 7.8% 77.3% 6.7% 21.6% 3.0x 15.0x 20.0x 3.0x 13.3x

Iron Mountain, Inc. IRM-US 9,276 32.41 (14.1%) (14.1%) 85.4% 5.9% 34.3% 4.2x 12.4x 41.0x 4.0x 11.3x

United Rentals, Inc. URI-US 8,189 102.53 (40.4%) (40.4%) 53.8% 19.3% 48.0% 2.5x 5.4x 5.2x 2.2x 4.6x

Aramark ARMK-US 7,167 28.97 (32.2%) (32.2%) 62.9% 4.0% 11.0% 0.9x 9.6x 12.9x 0.9x 8.3x

Stericycle, Inc. SRCL-US 3,324 36.69 (46.0%) (46.0%) 47.8% (0.6%) 20.8% 1.7x 8.2x 21.6x 1.7x 7.8x

Clean Harbors, Inc. CLH-US 2,764 49.35 (8.9%) (8.9%) 68.1% 7.3% 16.8% 1.3x 8.8x 21.1x 1.2x 8.1x

FirstService Corp. FSV-US 2,372 68.48 (2.1%) (2.1%) 75.9% 11.6% 11.5% 1.6x 15.5x NM 1.4x 14.0x

UniFirst Corp. UNF-US 2,208 143.07 (13.2%) (13.2%) 74.1% 4.5% 17.3% 1.4x 8.4x 16.8x 1.4x 8.7x

ABM Industries, Inc. ABM-US 2,120 32.11 (14.9%) (14.9%) 80.3% 3.7% 5.0% 0.5x 10.0x 21.8x 0.5x 8.9x

Covanta Holding Corp. CVA-US 1,759 13.42 (20.6%) (20.6%) 74.3% 1.2% 22.6% 2.2x 12.9x 6.4x 2.2x 9.2x

US Ecology, Inc. ECOL-US 1,388 62.98 23.5% 23.5% 81.6% 12.4% 22.7% 3.0x 13.3x 20.8x 2.7x 11.5x

Casella Waste Systems, Inc. CWST-US 1,195 28.49 23.8% 23.8% 82.6% 11.6% 24.6% 2.7x 13.0x 30.4x 2.5x 11.5x

H&E Equipment Services, Inc. HEES-US 730 20.42 (49.8%) (49.8%) 46.2% 8.0% 33.1% 1.6x 5.1x 5.3x 1.5x 4.6x

SP Plus Corp. SP-US 672 29.54 (20.4%) (20.4%) 70.8% (41.0%) 7.5% 0.5x 7.2x 12.8x 0.9x 6.7x

Team, Inc. TISI-US 441 14.65 (1.7%) (1.7%) 57.3% 6.7% (0.6%) 0.6x 24.3x NM 0.6x 7.7x

CECO Environmental Corp. CECE-US 236 6.75 31.6% 31.6% 73.5% 12.9% 8.3% 0.9x 12.6x NM 0.8x 8.3x

(8.6%) (8.6%) 73.1% 5.3% 20.7% 2.1x 11.6x 18.6x 2.0x 9.4x(8.9%) (8.9%) 74.3% 6.7% 21.6% 1.7x 11.3x 18.6x 1.7x 8.9x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Cognizant Technology Solutions Corp. CTSH-US 36,757$ 63.48$ (10.6%) (10.6%) 74.6% 9.9% 21.2% 2.1x 10.4x 25.8x 1.9x 8.5x

TTEC Holdings, Inc. TTEC-US 1,320 28.57 (29.0%) (29.0%) 67.5% 1.7% 10.5% 1.0x 7.8x NM 1.0x 7.1x

Virtusa Corp. VRTU-US 1,274 42.59 (3.4%) (3.4%) 72.7% 18.4% 7.5% 1.3x 18.1x NM 1.1x 11.5x

Sykes Enterprises, Inc. SYKE-US 1,058 24.73 (21.4%) (21.4%) 76.9% 3.9% 9.9% 0.6x 6.3x 71.6x 0.6x 5.1x

Unisys Corp. UIS-US 593 11.63 42.7% 42.7% 55.5% 1.5% 13.9% 0.3x 1.6x 6.2x 0.3x 1.9x

(4.3%) (4.3%) 69.4% 7.1% 12.6% 1.0x 8.8x 34.5x 1.0x 6.8x

(10.6%) (10.6%) 72.7% 3.9% 10.5% 1.0x 7.8x 25.8x 1.0x 7.1x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Automatic Data Processing, Inc. ADP-US 57,395$ 131.12$ 11.9% 11.9% 85.4% 8.1% 23.2% 4.2x 17.8x 33.8x 3.9x 16.1x

Robert Half International, Inc. RHI-US 6,948 57.20 3.0% 3.0% 71.6% 8.3% 11.4% 1.2x 10.6x 19.0x 1.1x 10.1x

ManpowerGroup, Inc. MAN-US 4,007 64.80 (48.6%) (48.6%) 47.3% 0.2% 4.4% 0.2x 5.4x 7.0x 0.2x 5.3x

Insperity, Inc. NSP-US 3,903 93.36 62.8% 62.8% 77.1% 16.1% 5.8% 1.0x 18.8x 31.1x 0.8x 13.1x

51job, Inc. JOBS-US 3,858 62.44 2.6% 2.6% 54.5% 25.2% NM 5.5x 21.3x 35.7x 4.4x 12.5x

TriNet Group, Inc. TNET-US 2,955 41.95 (5.4%) (5.4%) 69.7% (72.5%) 8.3% 0.7x 8.4x 13.2x 2.7x 7.3x

ASGN, Inc. ASGN-US 2,860 54.50 (15.2%) (15.2%) 57.8% 19.4% 11.5% 1.3x 11.4x 16.2x 1.1x 8.9x

Korn/Ferry International KFY-US 2,241 39.54 (4.4%) (4.4%) 57.3% 5.0% 16.2% 1.1x 11.8x 29.7x 1.0x 6.4x

WageWorks, Inc. WAGE-US 1,077 27.16 (56.2%) (56.2%) 42.8% NM NM 0.9x 3.8x NM 0.9x 2.8x

TrueBlue, Inc. TBI-US 901 22.25 (19.1%) (19.1%) 74.5% 1.8% 5.9% 0.4x 7.8x 13.4x 0.4x 7.1x

Kforce, Inc. KFRC-US 806 30.92 22.5% 22.5% 71.1% 5.7% 6.9% 0.6x 10.3x 16.4x 0.6x 8.7x

Kelly Services, Inc. KELYA-US 798 20.48 (24.9%) (24.9%) 63.4% 3.7% 2.1% 0.1x 7.2x 12.5x 0.1x NM

Heidrick & Struggles International, Inc. HSII-US 591 31.19 27.0% 27.0% 68.9% 1.9% 12.5% 0.6x 5.7x NM 0.6x 5.3x

ShiftPixy, Inc. PIXY-US 53 1.77 (38.5%) (38.5%) 27.9% 137.6% (10.5%) 1.5x NM NM 0.6x NM

(5.9%) (5.9%) 62.1% 12.3% 8.2% 1.4x 10.8x 20.7x 1.3x 8.6x(4.9%) (4.9%) 66.1% 5.7% 7.6% 1.0x 10.3x 16.4x 0.9x 8.0x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 8: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

S&P Global, Inc. SPGI-US 42,638$ 169.94$ 0.3% 0.3% 78.2% 5.8% 49.7% 7.2x 14.6x 25.3x 6.9x 13.6x

Moody's Corp. MCO-US 26,832 140.04 (5.1%) (5.1%) 74.5% 4.3% 47.6% 6.8x 14.3x 25.1x 6.6x 13.7x

Thomson Reuters Corp. TRI-CA 24,373 48.27 9.3% 9.3% 89.1% (47.4%) 23.4% 4.8x 17.0x NM 6.5x 27.4x

Experian Plc EXPN-GB 22,079 24.26 16.4% 16.4% 93.3% 13.1% 34.0% 5.5x 15.9x 28.1x 4.9x 14.4x

IHS Markit Ltd. INFO-US 19,061 47.97 6.2% 6.2% 85.7% 12.2% 32.0% 6.1x 18.6x 36.1x 5.6x 14.1x

Verisk Analytics, Inc. VRSK-US 17,950 109.04 13.6% 13.6% 86.5% 8.7% 47.4% 8.7x 18.3x 28.0x 8.1x 16.9x

CoStar Group, Inc. CSGP-US 12,286 337.34 13.6% 13.6% 75.2% 21.9% 29.8% 9.9x 37.9x 61.2x 8.2x 22.4x

Gartner, Inc. IT-US 11,620 127.84 3.8% 3.8% 79.3% 11.0% 15.0% 3.5x 23.4x 77.6x 3.2x 17.3x

Equifax, Inc. EFX-US 11,229 93.13 (21.0%) (21.0%) 67.1% 3.7% 16.8% 4.0x 13.9x 25.3x 3.9x 11.4x

Alliance Data Systems Corp. ADS-US 8,175 150.08 (40.8%) (40.8%) 53.9% 5.0% 32.9% 3.6x 12.7x 8.8x 3.5x 12.7x

FactSet Research Systems, Inc. FDS-US 7,612 200.13 3.8% 3.8% 84.1% 6.6% 32.8% 5.8x 18.0x 27.9x 5.6x 16.3x

Fair Isaac Corp. FICO-US 5,415 187.00 22.1% 22.1% 77.6% 11.0% 27.9% 5.8x 25.1x 40.9x 5.6x 20.3x

Dun & Bradstreet Corp. DNB-US 5,300 142.74 20.5% 20.5% 98.4% (0.2%) 26.2% 3.6x 11.0x 22.8x 3.6x 11.9x

CoreLogic, Inc. CLGX-US 2,692 33.42 (27.7%) (27.7%) 59.9% (2.9%) 24.0% 2.4x 9.6x 16.0x 2.5x 9.0x

LiveRamp Holdings, Inc. ACXM-US 2,627 38.63 40.2% 40.2% 75.0% (63.3%) (62.6%) 4.1x 236.3x NM 9.0x (179.8x)

comScore, Inc. SCOR-US 850 14.43 (49.4%) (49.4%) 49.5% 5.5% (4.6%) 2.4x NM NM 2.2x 39.2x

Forrester Research, Inc. FORR-US 816 44.70 1.1% 1.1% 89.4% 21.3% 9.8% 1.9x 21.4x NM 1.6x 11.8x

0.4% 0.4% 77.5% 1.0% 22.5% 5.1x 31.7x 32.6x 5.1x 5.4x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Omnicom Group, Inc. OMC-US 16,414$ 73.24$ 0.6% 0.6% 87.9% (0.2%) 14.5% 1.3x 8.4x 14.2x 1.3x 8.4x

WPP Plc WPP-GB 13,605 10.78 (36.9%) (36.9%) 52.1% (9.4%) 12.2% 1.0x 6.6x 5.4x 1.1x 7.1x

Publicis Groupe SA PUB-FR 13,468 57.25 (11.6%) (11.6%) 72.6% 2.8% 18.7% 1.5x 7.7x 14.2x 1.5x 8.5x

Interpublic Group of Cos., Inc. IPG-US 7,929 20.63 2.3% 2.3% 79.3% 4.8% 13.3% 1.0x 7.8x 14.2x 1.1x 6.8x

Ipsos SA IPS-FR 1,043 23.48 (33.1%) (33.1%) 55.7% 13.1% 7.1% 0.8x 7.0x 6.6x 0.7x 6.0x

InnerWorkings, Inc. INWK-US 194 3.74 (62.7%) (62.7%) 35.8% 2.3% 2.9% 0.3x 12.1x NM 0.3x 6.4x

(23.6%) (23.6%) 63.9% 2.2% 11.4% 1.0x 8.3x 10.9x 1.0x 7.2x(22.3%) (22.3%) 64.1% 2.5% 12.7% 1.0x 7.8x 14.2x 1.1x 6.9x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

CBRE Group, Inc. CBRE-US 13,649$ 40.04$ (7.6%) (7.6%) 79.4% 38.4% 5.8% 0.9x 11.2x 16.7x 0.7x 8.5x

CoStar Group, Inc. CSGP-US 12,286 337.34 13.6% 13.6% 75.2% 21.9% 29.8% 9.9x 37.9x NM 8.2x 22.4x

Jones Lang LaSalle, Inc. JLL-US 5,769 126.60 (15.0%) (15.0%) 70.8% (17.7%) 6.0% 0.5x 8.5x 17.2x 0.9x 8.0x

Kennedy-Wilson Holdings, Inc. KW-US 2,620 18.17 4.7% 4.7% 81.6% (5.6%) 32.3% 9.9x 37.9x 11.0x 10.5x 17.7x

Newmark Group, Inc. NMRK-US 2,303 8.02 (49.6%) (49.6%) 47.2% NM 27.8% 1.8x 19.1x NM 1.5x 5.6x

Realogy Holdings Corp. RLGY-US 1,735 14.68 (44.6%) (44.6%) 52.3% (0.2%) 15.0% 0.9x 7.4x 4.7x 0.9x 8.2x

RE/MAX Holdings, Inc. RMAX 546 30.75 (36.6%) (36.6%) 50.2% 3.1% 43.0% 1.5x 3.9x NM 1.5x 2.9x

Fang Holdings Ltd. SFUN-US 459 1.43 (74.4%) (74.4%) 25.1% 2.8% 25.0% 2.3x 13.1x NM 2.8x 7.4x

Altisource Portfolio Solutions SA ASPS 382 22.49 (19.7%) (19.7%) 59.4% (1.4%) 13.1% 0.7x 2.9x 1.4x NM NM

(25.4%) (25.4%) 60.1% 5.2% 22.0% 3.2x 15.8x 10.2x 3.4x 10.1x(19.7%) (19.7%) 59.4% 1.3% 25.0% 1.5x 11.2x 11.0x 1.5x 8.1x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 9: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

International Business Machines Corp. IBM-US 103,303$ 113.67$ (25.9%) (25.9%) 66.4% (1.2%) 22.7% 1.7x 8.2x 18.1x 1.7x 7.2x

Accenture Plc ACN-US 89,887 141.01 (7.9%) (7.9%) 80.3% 3.6% 17.3% 2.0x 12.4x 21.7x 2.0x 12.0x

Cognizant Technology Solutions Corp. CTSH-US 36,757 63.48 (10.6%) (10.6%) 74.6% 9.9% 21.2% 2.1x 10.4x 25.8x 1.9x 8.5x

CGI Group, Inc. GIB.A-CA 15,170 61.14 22.3% 22.3% 91.9% 4.7% 19.3% 2.2x 13.0x 19.5x 2.1x 11.2x

Leidos Holdings, Inc. LDOS-US 7,895 52.72 (18.4%) (18.4%) 72.9% 5.5% 10.5% 1.0x 10.2x 16.1x 1.0x 9.5x

Booz Allen Hamilton Holding Corp. BAH-US 6,415 45.07 18.2% 18.2% 85.2% 9.9% 9.9% 1.2x 12.6x NM 1.1x 11.4x

EPAM Systems, Inc. EPAM-US 6,266 116.01 8.0% 8.0% 80.5% 28.9% 16.1% 3.2x 22.1x NM 2.7x 14.1x

Teradata Corp. TDC-US 4,534 38.36 (0.3%) (0.3%) 86.7% (2.2%) 10.1% 1.9x 18.9x NM 2.0x 11.0x

InterXion Holding NV INXN-US 3,878 54.16 (8.1%) (8.1%) 78.5% 21.3% 42.2% 7.8x 19.5x NM 6.8x 14.6x

CACI International, Inc. CACI-US 3,579 144.03 8.8% 8.8% 71.7% 8.2% 10.3% 1.0x 9.9x 10.8x 0.9x 10.0x

ManTech International Corp. MANT-US 1,388 52.30 4.2% 4.2% 76.8% 9.2% 8.6% 1.1x 12.9x 15.9x 1.0x 11.2x

Virtusa Corp. VRTU-US 1,274 42.59 (3.4%) (3.4%) 72.7% 18.4% 7.5% 1.3x 18.1x NM 1.1x 11.5x

Presidio, Inc. PSDO-US 1,074 13.05 (31.9%) (31.9%) 66.1% 1.8% 8.0% 0.7x 9.8x 9.8x 0.8x 9.5x

Unisys Corp. UIS-US 593 11.63 42.7% 42.7% 55.5% 1.5% 13.9% 0.3x 1.6x 6.2x 0.3x 1.9x

The Hackett Group, Inc. HCKT-US 473 16.01 1.9% 1.9% 70.1% 3.2% 13.5% 1.6x 11.9x 15.4x 1.7x 9.8x

ServiceSource International, Inc. SREV-US 100 1.08 (65.0%) (65.0%) 24.2% (5.2%) (2.8%) 0.3x 18.4x NM 0.3x 4.6x

(4.1%) (4.1%) 72.1% 7.3% 14.3% 1.8x 13.1x 15.9x 1.7x 9.9x(1.8%) (1.8%) 73.8% 5.1% 12.0% 1.5x 12.5x 16.0x 1.4x 10.5x

Market Stats Operating Stats LTM Multiples NTM Multiples

Company Name SymbolMarket Cap

($ in Mil)Price ($)

LTM

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Exponent, Inc. EXPO-US 2,638$ 50.71$ 42.6% 42.6% 92.9% 2.2% 23.2% 6.5x 25.3x NM 6.6x 24.2x

FTI Consulting, Inc. FCN-US 2,558 66.64 55.1% 55.1% 81.4% 2.3% 13.1% 1.3x 9.7x 13.2x 1.3x 10.5x

ICF International, Inc. ICFI-US 1,221 64.78 23.4% 23.4% 78.8% 10.8% 9.3% 1.1x 13.2x 17.9x 1.0x 10.8x

CBIZ, Inc. CBZ-US 1,093 19.70 27.5% 27.5% 80.8% 5.7% 9.5% 1.3x 11.6x 16.5x 1.3x 10.4x

Navigant Consulting, Inc. NCI-US 1,024 24.05 23.9% 23.9% 92.1% (30.2%) 10.3% 0.8x 10.0x 16.2x 1.1x 9.6x

Huron Consulting Group, Inc. HURN-US 1,157 51.31 26.8% 26.8% 90.0% (3.9%) 10.9% 1.8x 11.0x NM 1.8x 13.8x

Resources Connection, Inc. RECN-US 448 14.20 (8.1%) (8.1%) 72.8% 4.3% 9.8% 0.6x 8.3x 18.5x 0.6x 8.0x

27.3% 27.3% 84.1% (8.7%) 12.3% 1.9x 12.7x 16.5x 2.0x 12.5x26.8% 26.8% 81.4% 2.3% 10.3% 1.3x 11.0x 16.5x 1.3x 10.5x

Market Stats Operating Stats LTM Multiples NTM Multiples

Page 10: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Source: GF Data®

Source: GF Data®

Page 12: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA12/30/18 Schmitz & Ketchum, P.A. Haga Kommer Ltd. Professional Services - - -

12/28/18 Nature West, Inc. Prescott Landscape Professionals LLC Facility and Industrial Services - - -

12/26/18 Quality Driver Solutions, Inc. CPC Logistics, Inc. Human Resources - - -

12/26/18 ProVest LLC Nonantum Capital Partners LLC Professional Services - - -

12/24/18 Transcription Express, Inc. VIQ Solutions, Inc. Professional Services 5.42 - -

12/24/18 HomeTech, Inc. VIQ Solutions, Inc. Professional Services 1.45 - -

12/21/18 Fairway Outdoor Advertising LLC (Five Billboard

Operations)

Lamar Advertising Co. Marketing Services 418.50 - -

12/21/18 Absolute Web Designs Wellspring Search LLC Marketing Services - - -

12/20/18 Kinsale Holdings, Inc. GHO Capital Partners LLP Specialty Consulting - - -

12/20/18 Silverman Kendall LLC Marcum LLP Professional Services - - -

12/20/18 Valley Creek Trunk Sewer System Aqua Resources, Inc. Facility and Industrial Services 28.30 - -

12/20/18 LA Makerspace Two Bit Circus Foundation Education and Training - - -

12/20/18 Imagination.Org Two Bit Circus Foundation Education and Training - - -

12/19/18 StormTrap LLC Warren Equity Partners LLC; Stormtrap LLC Facility and Industrial Services - - -

12/19/18 Environmental Management Specialists, Inc. Gryphon Investors, Inc.; HEPACO, Inc. Facility and Industrial Services - - -

12/19/18 Method Communications, Inc. Chime Communications Ltd. Marketing Services - - -

12/18/18 Posternak Blankstein & Lund LLP Arent Fox LLP Professional Services - - -

12/18/18 Bronco Billing, Inc. CentralReach LLC Business Process Outsourcing - - -

12/18/18 Digital Evolution Group LLC Dentsu Aegis Network Ltd. Marketing Services - - -

12/18/18 Cibo Global LLC projekt202 LLC Marketing Services - - -

12/18/18 Electronic Data, Inc. Arora Engineers, Inc. Specialty Consulting - - -

12/18/18 Schlicher Kratz Institute Hondros Education Group Education and Training - - -

12/18/18 Hire Edge Consulting, Inc. Palladium Equity Partners Advisor LLC; TransForce,

Inc. (United States)

Human Resources - - -

12/17/18 One To One Group Allegiance Fundraising Group, LLC Marketing Services - - -

12/17/18 Courtland Resources, Inc. Resourcing Edge, Inc. Human Resources - - -

12/17/18 Best Staffing, Inc. Resourcing Edge, Inc. Human Resources - - -

12/17/18 HM Benefits LLC NFP Corp.; Madison Dearborn Partners LLC Human Resources - - -

12/14/18 RSVP Publications, Inc. Allegra Network LLC Marketing Services - - -

12/14/18 Options4growth, Inc. Burr Pilger Mayer, Inc. Human Resources - - -

12/13/18 MDI Group Motion Recruitment Partners LLC; Littlejohn & Co.

LLC

Human Resources - - -

12/13/18 Mediclean, Inc. Emerald Textiles LLC Business Process Outsourcing - - -

12/12/18 Ashland Home Net Corp. Jefferson Public Radio IT Services - - -

12/12/18 Hanley Wood LLC MidOcean US Advisor LP Marketing Services - - -

12/12/18 Meyers Research LLC MidOcean US Advisor LP Real Estate Services - - -

12/12/18 Science To Sales, Inc. Winning By Design LLC Specialty Consulting - - -

12/12/18 United Group Printing SGM Technologies, Inc. Business Process Outsourcing - - -

12/11/18 Mustache LLC Cognizant Technology Solutions Corp. Marketing Services - - -

12/11/18 7Park Data, Inc. Vista Equity Partners Management LLC Information Services - - -

12/11/18 Assured Environments ServiceMaster Global Holdings, Inc. Facility and Industrial Services - - -

12/11/18 Rentsys Recovery Services, Inc. (Workspace

Recovery Assets)

Agility Recovery Solutions, Inc. IT Services - - -

12/11/18 Vision Integrated Graphics LLC H.I.G. Capital LLC (Private Equity) Marketing Services - - -

12/11/18 Marketing Design Group The Freeman Cos Marketing Services - - -

12/11/18 Semarck Pest Control, Inc. Arrow Exterminators, Inc. Facility and Industrial Services - - -

12/11/18 Ruf Strategic Solutions Norwest Venture Partners; Infutor Data Solutions,

Inc.

Marketing Services - - -

12/11/18 Lamn, Krielow & Dytrych P.A. Rehmann LLC Professional Services - - -

12/10/18 Momentum Water Transfer Services LLC SMG Indium Resources Ltd. Facility and Industrial Services 1.40 - -

12/10/18 Spire Group PC Hill Barth & King LLC Professional Services - - -

12/10/18 Mosquito Squad Franchising Corp. Apax Partners (UK) Ltd.; Authority Brands LLC Facility and Industrial Services - - -

12/10/18 MEBC, Inc. Olympus Advisors LLC; Vaco Supply Chain

Solutions LLC

Specialty Consulting - - -

12/7/18 JDC Group LLC Ironwood Capital Ltd.; Team Jbsd LLC; White Wolf

Capital LLC

Human Resources - - -

12/7/18 Knutte & Associates PC Sikich LLP Professional Services - - -

12/7/18 Path-Tec LLC Lab Logistics Group GmbH Business Process Outsourcing - - -

12/5/18 American Personnel, Inc. Cross Country Healthcare, Inc. Human Resources - - -

12/5/18 Sienna Group LLC ConnectWise, Inc. IT Services - - -

12/5/18 Clock Four, Inc. CI Capital Partners LLC; Hero Digital LLC Marketing Services - - -

Page 13: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA12/5/18 Mirador Financial, Inc. CUNA Mutual Group Professional Services - - -

12/5/18 Technical Training, Inc. GP Strategies Corp. Education and Training 14.20 - -

12/5/18 Zainer Rinehart Clarke Pisenti & Brinker LLP Professional Services - - -

12/5/18 ZRG Partners LLC RFE Management Corp. Human Resources - - -

12/4/18 Connectics Search Associates LLC WorkForceConnexion Recruiting Solutions LLC Human Resources - - -

12/4/18 Schenck SC CliftonLarsonAllen LLP Professional Services - - -

12/4/18 Neverfail, Inc. Online Tech, Inc. IT Services - - -

12/3/18 Orion International Consulting Group LLC Lakewood Capital LLC; L2 Capital Partners; Orion

Ics LLC

Human Resources - - -

12/3/18 Apple Valley Waste Services, Inc. Kinderhook Industries LLC; Gold Medal Services

LLC; BioHiTech Global, Inc.

Facility and Industrial Services - - -

12/3/18 Enaxis Consulting LP Accenture Plc Specialty Consulting - - -

12/3/18 Road Dog Drivers LLC ProDrivers Human Resources - - -

12/3/18 Trusource Labs LLC Everstone Capital Asia Pte Ltd.; ACPI Investments

Ltd.; Everise Services Pte Ltd.; Sunrise BPO Service

Pte Ltd.

IT Services - - -

12/3/18 Colicchio Consulting LLC Cushman & Wakefield Plc Specialty Consulting - - -

12/3/18 Lanning CPA Group, P.C. Agresta, Storms & O'Leary, P.C. Professional Services - - -

11/30/18 Q-Centrix LLC TPG Growth LLC; TPG Capital Advisors LLC Information Services - - -

11/30/18 Hays Utility South Corp. H2O Innovation, Inc. Facility and Industrial Services 6.70 0.4x 3.9x

11/30/18 St. Joseph Ad-Venture, Inc. MailSouth, Inc.; Court Square Capital Partners Marketing Services - - -

11/30/18 Petrochem Services Group LLC Thompson Industrial Services LLC Facility and Industrial Services - - -

11/30/18 PEC Safety Operations LLC Thoma Bravo LLC Business Process Outsourcing - - -

11/30/18 SEEK Co. Directions Research, Inc. Specialty Consulting - - -

11/29/18 E3 Federal Solutions LLC NewSpring Holdings LLC; The Sentinel Co. Specialty Consulting - - -

11/29/18 Quality Solutions, Inc. (Kansas) Cushman & Wakefield Plc Facility and Industrial Services - - -

11/29/18 Seitz, Leatherman & Kolb LLC Dunlap & Associates PC Professional Services - - -

11/28/18 Benefit Partners, Inc. People Corp. Specialty Consulting - - -

11/28/18 Apex Cos. LLC Sentinel Capital Partners LLC; Yukon Partners

Management LLC; Apex Cos. Llc

Facility and Industrial Services - - -

11/28/18 The BridgePoint Group LLC Tata Consultancy Services Ltd. Specialty Consulting - - -

11/28/18 Santorian LLC SIB Fixed Cost Reduction Co. LLC Professional Services - - -

11/28/18 Net Transcripts, Inc. VIQ Solutions, Inc. Business Process Outsourcing 6.80 - -

11/28/18 TLA Worldwide Plc (2 Subsidiaries) Gatemore Capital Management LLP Marketing Services 8.50 - -

11/28/18 Facilisgroup LLP Elysian Capital LLP Specialty Consulting - - -

11/28/18 Millennium Financial Group, Inc. Community Heritage Financial, Inc.; Middletown

Valley Bank (8761)

Professional Services - - -

11/27/18 Boyce & Bynum Pathology Laboratories PC

(Laboratory Business)

Quest Diagnostics, Inc. Business Process Outsourcing - - -

11/27/18 SiriusDecisions, Inc. Forrester Research, Inc. Specialty Consulting 245.00 - -

11/27/18 Lippitt O'keefe Gornbein Pllc Serra Legal PC Professional Services - - -

11/27/18 Taylor Consulting & Contracting LLC Huron Capital Partners LLC; Albireo Energy LLC Specialty Consulting - - -

11/27/18 Argenbright Holdings Ltd. DAL Global Services LLC Marketing Services - - -

11/27/18 Salmon Barton & Associates LLP TJS Deemer Dana LLP Professional Services - - -

11/27/18 cwist, Inc. Google LLC Education and Training - - -

11/26/18 Oasis Outsourcing Holdings, Inc. Paychex North America, Inc. Human Resources 1,200.00 - -

11/26/18 LineTec Services LLC Southwest Gas Corp.; Centuri Construction Group,

Inc.

Facility and Industrial Services 373.75 - -

11/26/18 MEYVYN Digital Marketing A.P. Keaton, Inc. Marketing Services - - -

11/26/18 Medtelligence LLC US HealthConnect, Inc. Education and Training - - -

11/26/18 Tuition Management Systems LLC Nelnet Business Solutions, Inc. Business Process Outsourcing - - -

11/26/18 Hall Albright Garrison & Barnes PC Barfield, Murphy, Shank & Smith LLC Professional Services - - -

11/20/18 TSR, Inc. QAR Industries, Inc. Human Resources 6.78 0.1x 9.4x

11/20/18 Surge Resources LLC GPB Capital Holdings LLC Human Resources - - -

11/20/18 One Smooth Stone, Inc. CI Capital Partners LLC; AlliedPRA, Inc. Marketing Services - - -

11/20/18 Collective, Inc. (New York) Zeta Interactive LLC Marketing Services - - -

11/19/18 Noell Agnew & Morse LLP K.coe Isom LLP Professional Services - - -

11/19/18 FISH Technologies LLC Providence Equity Partners LLC; Patron

Technology, Inc.

Marketing Services - - -

11/16/18 Cylance, Inc. BlackBerry Ltd. IT Services 1,500.00 13.8x -

11/16/18 Futterman & Lanza LLP The Elder Law & Special Needs Practice of Felicia

Pasculli

Professional Services - - -

Page 14: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA11/16/18 HealthScape Advisors LLC New Mountain Capital LLC; Convey Health

Solutions, Inc.

Specialty Consulting - - -

11/16/18 Vidder, Inc. Verizon Communications, Inc. IT Services - - -

11/15/18 Grisham, Wildman & Work Plc Henderson, Hutcherson & Mccullough PLLC Professional Services - - -

11/15/18 Sound Concepts, Inc. nFüsz, Inc. Marketing Services - - -

11/15/18 Technology Humans & Taste LLC M&C Saatchi Worldwide Ltd. Marketing Services - - -

11/14/18 Ecoserv Industrial Disposal LLC US Ecology, Inc. Facility and Industrial Services 87.20 - -

11/14/18 Crowditz LLC KingsCrowd LLC Information Services - - -

11/14/18 Capital Schools, Inc. Catapult Learning LLC Education and Training - - -

11/13/18 Complete Facility Solutions, Inc. Gridiron Capital LLC; Quality Solutions, Inc.

(Kansas)

Facility and Industrial Services - - -

11/13/18 Hammond Young Immigration Law LLC Grossman Law LLC Professional Services - - -

11/13/18 On The Mark Communications Studio Communications Marketing Services - - -

11/13/18 Virtual Marketing LLC Sage Communications LLC Marketing Services - - -

11/13/18 Value Prime Solutions ValueSelling Associates, Inc. Education and Training - - -

11/13/18 Fosina Marketing Group, Inc. Clairvest Group, Inc. (Private Equity); Digital Media

Solutions LLC

Marketing Services - - -

11/13/18 NCP Solutions LLC Output Services Group, Inc.; Aquiline Capital

Partners LLC

Business Process Outsourcing - - -

11/12/18 Li'l Buds Theatre Co. Lukaba Productions Education and Training - - -

11/12/18 Wellesley Information Services LLC Jaz'D! Advisors Investment Corp. Education and Training - - -

11/9/18 Quad Learning, Inc. Wellspring International, Inc. Education and Training - - -

11/8/18 Critical Metrics LLC Talmetrix, Inc. Specialty Consulting - - -

11/8/18 Meridian One Corp. Arthur J. Gallagher & Co. Human Resources - - -

11/8/18 360 Live Media LLC SmithBucklin Corp. Marketing Services - - -

11/7/18 Dugas Pest Control Of Baton Rouge Inc The Steritech Group, Inc. Facility and Industrial Services - - -

11/7/18 BlueLine Associates, Inc. Threebridge Solutions LLC Human Resources - - -

11/7/18 Tax Credit Asset Management LLC GI Manager LP; MRI Software LLC Professional Services - - -

11/7/18 Greek Resource Services LLC Omega Financial, Inc. (Georgia) Professional Services - - -

11/6/18 Supplier Management Solutions LLC Ardian SA; Trigo SAS Business Process Outsourcing - - -

11/6/18 SS8 Networks, Inc. HighBar Management LLC IT Services - - -

11/6/18 Ernst Publishing Co LLC Black Knight, Inc. Information Services - - -

11/6/18 Action Ready Marketing The Lorem Ipsum Co. Marketing Services - - -

11/5/18 Vector Solutions, Inc. Golden Gate Private Equity, Inc. Education and Training - - -

11/5/18 Eliassen Group LLC Stone Point Capital LLC Human Resources - - -

11/5/18 SI Technologies, Inc. (New York) Convergint Technologies LLC IT Services - - -

11/2/18 John R. Sharry, Inc. Arthur J. Gallagher & Co. Specialty Consulting - - -

11/2/18 Physician Staffing, Inc. Hospitalists Now, Inc. Human Resources 25.00 - -

11/2/18 TopDown Consulting, Inc. Archetype Consulting, Inc. Specialty Consulting - - -

11/2/18 City Wide Building Services LLC NCK Capital LLC Facility and Industrial Services - - -

11/2/18 E.A. Berg Associates, Inc. CI Capital Partners LLC; Impact Group LLC Business Process Outsourcing - - -

11/1/18 HiTechnique LLC Executech Utah LLC IT Services - - -

11/1/18 Flywheel Digital LLC Ascential Plc Marketing Services 256.00 - -

11/1/18 AUC Acquisitions Holdings LLC AquaVenture Holdings Ltd. Facility and Industrial Services 130.04 - -

11/1/18 McNair Law Firm PA Burr & Forman LLP Professional Services - - -

11/1/18 Aton LLC (United States) Commercial Liability Partners LLC Facility and Industrial Services - - -

11/1/18 Executive Alliance Corp. Sikich LLP Human Resources - - -

11/1/18 Spectrum Label Corp. First Atlantic Capital Ltd.; TPG Growth LLC;

Resource Label Group LLC

Business Process Outsourcing - - -

11/1/18 Lerman CPA Group, Inc. MichaelSilver Professional Services - - -

11/1/18 LaPena Law Corp. Rosette, LLP Professional Services - - -

11/1/18 Oakwood Premier Printing, Inc. Main Post Partners, L.P.; Fortis Solutions Group

LLC

Business Process Outsourcing - - -

11/1/18 Austin Label Co. LLC Main Post Partners, L.P.; Fortis Solutions Group

LLC

Business Process Outsourcing - - -

11/1/18 Sulaski & Webb May, Cocagne & King P.C. Professional Services - - -

11/1/18 Hogan School of Real Estate, Inc. Arizona School of Real Estate & Business Education and Training - - -

10/31/18 Intersections, Inc. General Catalyst LLC; Wndrco Holdings LLC; WC

SACD One Parent, Inc.

IT Services 102.55 0.7x 10.5x

10/31/18 Mack & Rohwedder P.C. REDW LLC Professional Services - - -

10/31/18 Viewpoint Computer Animation, Inc. Dolphin Entertainment, Inc. Business Process Outsourcing 2.00 - -

10/31/18 Schneider Associates, Inc. Schneider Associates (Pennellatore) Marketing Services - - -

Page 15: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA10/31/18 Barometric Holdings LLC The Carlyle Group LP (Corporate Private Equity);

Claritas LLC

Marketing Services - - -

10/30/18 Eleven, Inc. BlueFocus Intelligent Communications Group Co.

Ltd.

Marketing Services 30.00 - -

10/30/18 DiscoverReady LLC GI Manager LP; Consilio LLC Information Services - - -

10/30/18 EDI Ltd. Ross & Baruzzini, Inc. IT Services - - -

10/30/18 Fairchild Law Offices LLC Morgan Legal Group LLC Professional Services - - -

10/29/18 MJG Global LLC SilverSEAL Corp. Specialty Consulting - - -

10/29/18 Manage.Com Group, Inc. Criteo SA Marketing Services - - -

10/29/18 Richman Greer P.A. Day Pitney LLP Professional Services - - -

10/26/18 10 Day Media LLC Global Services Group, Inc. Marketing Services - - -

10/26/18 The Law Offices of Ramsey Michael O. PA The Law Offices of Albers Ross W. LLC Professional Services - - -

10/25/18 Red Hawk Fire & Security LLC ADT, Inc. Facility and Industrial Services 317.50 - -

10/24/18 Farrell & Gunderson LLC Davis, Agnor, Rapaport & Skalny LLC Professional Services - - -

10/23/18 TrackMaven, Inc. Rho Ventures; Skyword, Inc.; Progress Ventures,

Inc.

Marketing Services - - -

10/23/18 Integration Point, Inc. Thomson Reuters Corp. Business Process Outsourcing - - -

10/23/18 DDCworks Pavone Marketing Group, Inc. Marketing Services - - -

10/23/18 Triple 'S' Termite & Pest Control, Inc. American Pest Management, Inc. (Maryland) Facility and Industrial Services - - -

10/22/18 Raffa PC Marcum & Kliegman LLP Professional Services - - -

10/22/18 Noventis, Inc. WEX, Inc. Business Process Outsourcing - - -

10/22/18 Adrenaline, Inc Caltius Structured Capital; Adrenaline, Inc. Marketing Services - - -

10/22/18 Cambridge Consulting Group LLC NFP Corp. Specialty Consulting - - -

10/19/18 Law Offices of Hollie S. Cutler LLC Pinder Plotkin LLC Professional Services - - -

10/19/18 Collective Shift Southern New Hampshire University Education and Training - - -

10/18/18 Inter-Basic Resources, Inc. SGS SA Facility and Industrial Services - - -

10/18/18 ASP Franchising LLC Apax Partners (UK) Ltd.; Authority Brands LLC Facility and Industrial Services - - -

10/18/18 Westrock Co. (Packaging Plant) QTS Realty Trust, Inc. Business Process Outsourcing 80.00 - -

10/18/18 PhysAssist Scribes, Inc. ScribeAmerica LLC; Vesey Street Capital Partners

LLC

Human Resources 160.00 - -

10/17/18 SAY Media, Inc. theMaven, Inc. Marketing Services 2.61 - -

10/17/18 Infant-Driven Feeding LLC Dr. Browns Medical Education and Training - - -

10/17/18 NMD, Inc. Elm Street Technology LLC Marketing Services - - -

10/17/18 Wall Street Languages Ltd. Berkeley Language Services LLC Education and Training - - -

10/17/18 Paton Marketing BrandStar, Inc. Marketing Services - - -

10/17/18 Simcom International, Inc. Directional Capital LLC Education and Training - - -

10/16/18 FDA Agents, Inc. Bertram Capital Management LLC; Registrar Corp. Specialty Consulting - - -

10/16/18 Alderson Reporting Co., Inc. TrustPoint International LLC Business Process Outsourcing - - -

10/16/18 Adhesion Wealth Advisor Solutions, Inc. Summit Partners LP; Vestmark, Inc. Professional Services - - -

10/15/18 Cambium Learning Group, Inc. Veritas Capital Fund Management LLC Education and Training 702.19 4.4x 15.1x

10/15/18 Ooyala, Inc. Ooyala, Inc. (Management) Marketing Services - - -

10/15/18 Vicinity Enterprises LLC Surf Media, Inc. Marketing Services - - -

10/12/18 prIME Oncology LLC WebMD Health Corp. Education and Training - - -

10/11/18 Handy Technologies, Inc. ANGI Homeservices, Inc. Facility and Industrial Services - - -

10/11/18 Lindemeyer CPA LLC Baldwin CPAs PLLC Professional Services - - -

10/10/18 AddisonEmerson Staffing Cloudteam LLC Human Resources - - -

10/10/18 Wolfnet Technologies LLC Northwestern Mutual Capital LLC; OJO Labs, Inc. Information Services - - -

10/10/18 Rubicon International ManageBac Education and Training - - -

10/10/18 Strategic Web Solutions Grace Hill LLC Marketing Services - - -

10/9/18 Princeton Information Ltd. (New York) Digital Intelligence Systems LLC Human Resources - - -

10/9/18 GLB Insurance Group of Nevada Alera Group, Inc. Professional Services - - -

10/9/18 Distinctive Insurance LLC Alera Group, Inc. Specialty Consulting - - -

10/9/18 The Learning House, Inc. John Wiley & Sons, Inc. Education and Training 200.00 - -

10/9/18 General Dynamics Information Technology Inc

(Citizen Eng Bus)

MAXIMUS Federal Services, Inc. Business Process Outsourcing 400.00 0.6x -

10/9/18 Mesh Omnimedia W2 Communications Marketing Services - - -

10/9/18 Turftenders Landscape Services, Inc Greenscape, Inc. Facility and Industrial Services - - -

10/9/18 King, Tripp & Henry PLLC Eide Bailly LLP Professional Services - - -

10/9/18 Kurowski Shultz LLC Manning Gross & Massenburg LLP Professional Services - - -

10/5/18 GFM Solutions Group LLC OANDA Corp. Business Process Outsourcing - - -

Page 16: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA10/5/18 Rebelmail, Inc. salesforce.com, inc. Marketing Services - - -

10/5/18 Crossfuze LLC RLJ Equity Partners LLC Specialty Consulting - - -

10/4/18 Eruptr LLC H.I.G. Growth Partners LLC Marketing Services - - -

10/4/18 Invoq Marketing Co. TANK New Media LLC Marketing Services - - -

10/4/18 Singularis Health LLC True Nature Holding, Inc. Specialty Consulting 0.17 - -

10/3/18 Argo Design LLC DXC Technology Co. Specialty Consulting - - -

10/3/18 TayganPoint Consulting Group, Inc. Grant Thornton LLP Specialty Consulting - - -

10/3/18 HSMC Orizon LLC BerganKDV Ltd. Professional Services - - -

10/3/18 MiddletonRaines+Zapata LLP Baker Tilly Virchow Krause LLP Professional Services - - -

10/3/18 Heritage Termite & Pest Service, Inc. Gregory Pest Control LLC Facility and Industrial Services - - -

10/3/18 BlackPearl PDM, Inc. Contegix LLC; Strattam Capital Management LLC Specialty Consulting - - -

10/3/18 Gray Hunter Stenn LLP Atlas CPAs & Advisors PLLC Professional Services - - -

10/3/18 RMG Networks Holding Corp. Virgo Associates LLC; Sachs Capital Group LP;

RMG Networks Holding Corp.

Marketing Services - - -

10/2/18 Iron Mountain Fulfillment Services, Inc. Amware Logistics Services, Inc.; Rotunda Capital

Partners LLC

IT Services - - -

10/2/18 BasisPM LLC InEight, Inc. Specialty Consulting - - -

10/2/18 Goldman & Rosen Ltd. Day Ketterer Ltd. Professional Services - - -

10/2/18 Donald Tulp Enterprises, Inc. J. C. Ehrlich Co., Inc. Facility and Industrial Services - - -

10/1/18 Triblio, Inc. Liferay, Inc. Marketing Services - - -

10/1/18 Spanning Cloud Apps LLC Kaseya Ltd. IT Services - - -

10/1/18 Soulsight LLC Bruin Sports Capital LLC; WPP Plc (Private Equity) Marketing Services - - -

10/1/18 Planet Payroll, Inc. The Carlyle Group LP (Corporate Private Equity);

Centerstone Insurance & Financial Services, Inc.

Human Resources - - -

10/1/18 Pyramid Building Maintenance Corp. C&W Facility Services, Inc. Facility and Industrial Services - - -

10/1/18 Vecta Environmental Services LLC Cotton Creek Capital Management LLC Facility and Industrial Services - - -

10/1/18 Superior Construction Services, Inc. DSI Holdings Pty Ltd. Facility and Industrial Services - - -

10/1/18 McClure CPA PA Bernard Robinson & Co. LLP Professional Services - - -

10/1/18 Definity Partners LLC CSH Group, Inc. Specialty Consulting - - -

10/1/18 Haney CPA Group PC Whitinger & Co. LLC Professional Services - - -

10/1/18 Short & Company CPA Plc Honkamp Krueger & Co. PC Professional Services - - -

10/1/18 Banc Compliance Group, Inc. Saltmarsh, Cleaveland & Gund PA Professional Services - - -

10/1/18 DBR Group, Inc. ABRY Partners LLC; The Carlyle Group LP (Global

Credit); The Hilb Group LLC

Specialty Consulting - - -

10/1/18 S. A. Koenig & Associates CPAS, P.C. Prager Metis CPAs LLC Professional Services - - -

10/1/18 Edgar Express, Inc. Windber National LLC; Blumenthal Family

Investment Joint Venture LP; Edgar Express, Inc.

Business Process Outsourcing 0.80 - -

10/1/18 InfinityHR Providence Equity Partners LLC; Arcoro, Inc. Human Resources - - -

9/30/18 JMPR Public Relations IMRE LLC Marketing Services - - -

9/30/18 W&M Environmental Group LLC Braun Intertec Corp. Specialty Consulting - - -

9/30/18 DAHU Agency LLC Promet Solutions Corp. Marketing Services - - -

9/28/18 Strategic Edge Partners Page 1 Solutions LLC Marketing Services - - -

9/28/18 WestLand Resources, Inc. (Phoenix & Tucson

Business)

Bowman Consulting Group Ltd. Specialty Consulting - - -

9/28/18 Partner Disposal LLC Warren Equity Partners LLC; Meridian Waste LLC Facility and Industrial Services - - -

9/28/18 MultiLing Corp. Questel SAS Business Process Outsourcing - - -

9/28/18 CTR Industries, Inc. Kinderhook Industries LLC; ACV Enviro Holding

Corp.

Facility and Industrial Services - - -

9/28/18 Avala Marketing Group, Inc. Rollick Outdoor, Inc. Marketing Services - - -

9/27/18 Zolfo Cooper LLC Alixpartners Holdings LLP Professional Services - - -

9/27/18 Tarmin, Inc. WISeKey International Holding Ltd. IT Services - - -

9/27/18 Strongpoint, LLC Möbius New Media, Inc. Marketing Services - - -

9/26/18 Augeo Affinity Marketing Inc (Financial Institution

Bus)

Lightyear Capital LLC Marketing Services 140.00 - -

9/26/18 Gray Gray & Gray LLP Antares Group, Inc. Professional Services - - -

9/26/18 McGlinchey Stafford PLLC The Sandler Law Firm Pllc Professional Services - - -

9/26/18 White Goss Bowers March Schulte & Weisenfels

PC

Douthit Frets Rouse Gentile & Rhodes LLC Professional Services - - -

Page 17: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA9/26/18 Trenk, DiPasquale, Della Fera & Sodono PC McManimon, Scotland & Baumann LLC Professional Services - - -

9/26/18 Chamberlain Marketing Group, Inc. HALO Branded Solutions, Inc. Marketing Services - - -

9/25/18 Flores & Associates LLC Enrollment Advisors LLC Human Resources - - -

9/25/18 American Business Services Barada Associates, Inc. Human Resources - - -

9/25/18 Max Development LLC Englander Knabe & Allen LLC Specialty Consulting - - -

9/25/18 HRtechies, Inc. Hive Tech HR, Inc. Human Resources - - -

9/25/18 Synergy Marketing Partners LLC Fort Point Capital LLC; EventLink LLC Marketing Services - - -

9/24/18 EOSEDU LLC Boxlight Corp. Specialty Consulting 0.31 - -

9/24/18 Recruiter.com, Inc. Truli Media Group, Inc. Human Resources - - -

9/24/18 110 Percent LLC Amilia Enterprises, Inc. Specialty Consulting - - -

9/21/18 Special Operations Solution LLC Trive Capital LLC; AEVEX Aerospace Facility and Industrial Services - - -

9/20/18 Ostrow, Reisin, Berk & Abrams Ltd. Lingaro, Inc. Professional Services - - -

9/20/18 Fire & Rain LLC 2e Creative, Inc. Education and Training - - -

9/20/18 Evolve Consulting Group, Inc. AssuredPartners, Inc. Specialty Consulting - - -

9/20/18 The Michael Alan Group, Inc. BDS Marketing, Inc. Marketing Services - - -

9/20/18 Smith Moore Leatherwood LLP Fox Rothschild LLP Professional Services - - -

9/20/18 P2P Holdings LLC System One Holdings LLC Human Resources - - -

9/20/18 Raidious LLC Mortenson Kim, Inc. Marketing Services - - -

9/19/18 Remedy Employer Services LLC CoAdvantage Corp. Human Resources - - -

9/19/18 Chirosushi Media LLC Black Diamond Consulting LLC Specialty Consulting - - -

9/19/18 Premier Benefit Resources, Inc. OneDigital Health & Benefits Human Resources - - -

9/19/18 NY Web Consulting LLC Tech 2 Success LLC Marketing Services - - -

9/18/18 Advanced Technology Group, Inc. (Kansas) Cognizant Technology Solutions Corp. Specialty Consulting - - -

9/18/18 Choice HR, Inc. Fourth USA, Inc. Human Resources - - -

9/18/18 Ramsey Solutions LLC Config Consultants Corp.; Jefferson Capital

Partners Ltd.; C3 Capital LLC

Specialty Consulting - - -

9/18/18 Barron's Educational Series, Inc.(Test Prep Study

Aid Assets)

Kaplan Educational Centers, Inc.; Kaplan Test Prep

& Admissions

Education and Training - - -

9/17/18 OnCourse Learning Corp. Bertelsmann SE & Co. KGaA Education and Training 500.00 - -

9/17/18 National Communications Group, Inc. Duggal Visual Solutions, Inc. Business Process Outsourcing - - -

9/17/18 AmCheck, Inc. iSolved HCM LLC Human Resources - - -

9/17/18 Bluepoint Financial LLC (Emp Benefits Bus) Apax Partners (UK) Ltd.; AssuredPartners, Inc. Specialty Consulting - - -

9/14/18 Gelbgroup Consulting, Inc. FITECH Consultants LLC Specialty Consulting - - -

9/14/18 Howser & Associates Ltd. Sareen & Associates, Inc. Professional Services - - -

9/14/18 Prestige Property Management & Maintenance,

Inc.

ZS Fund LP; Juniper Landscaping of Florida LLC Facility and Industrial Services - - -

9/13/18 Davenport, Hanf & Co. LLC William Vaughan Co. Professional Services - - -

9/12/18 Burnham Benefit Advisors Alera Group, Inc. Specialty Consulting - - -

9/12/18 Champion Benefits Alera Group, Inc. Specialty Consulting - - -

9/12/18 Vantagepoint Benefit Strategies Inc Alera Group, Inc. Specialty Consulting - - -

9/12/18 Workpop, Inc. Cornerstone OnDemand, Inc. Human Resources - - -

9/12/18 Point It!, Inc. Add3 LLC Marketing Services - - -

9/12/18 Questex Media Group LLC MidOcean US Advisor LP Marketing Services - - -

9/12/18 ListEngage, Inc. Broadtree Partners LLC Marketing Services - - -

9/12/18 República LLC Havas SA Marketing Services - - -

9/12/18 Quantum Legal Support, Inc. iNSERViO3 LLC Business Process Outsourcing - - -

9/12/18 Content & Co., Inc. Psyop, Inc. Marketing Services - - -

9/12/18 Arete Pharmacy Network LLC American Associated Pharmacies Specialty Consulting - - -

9/11/18 Infiniti Consulting Group LLC Huron Capital Partners LLC; InterVision Systems

Technologies, Inc.

Specialty Consulting - - -

9/10/18 Intelechy Group The MOD Studio LLC Marketing Services - - -

9/10/18 Serenity Packaging Corp. Packaging Distribution Services, Inc. Business Process Outsourcing - - -

9/10/18 Turnkey Sports & Entertainment LLC Kohlberg & Co. LLC; MarketCast LLC Human Resources - - -

9/10/18 Sherpa Clinical Packaging, LLC Thomas H. Lee Partners LP; Frazier Management

LLC; Partners Group (Private Equity); Packaging

Coordinators, Inc.

Business Process Outsourcing - - -

9/10/18 Magnetic Media Online, Inc. Deloitte Touche Tohmatsu Ltd.; Deloitte Digital US Marketing Services - - -

9/10/18 Provo College Unitek Learning, Inc. Education and Training - - -

9/10/18 TDC Virginia, Benefits & Risk Management, Inc. OneDigital Health & Benefits Specialty Consulting - - -

9/10/18 Converters Express, Inc. UPM Raflatac, Inc. Business Process Outsourcing - - -

Page 18: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA9/9/18 Fuhrman, Smolsky & Furey, P.C. HBE Becker Meyer Love LLP Professional Services - - -

9/7/18 Aerocon, Inc. CT Consultants, Inc. Information Services - - -

9/6/18 Harbor Group Consulting, Inc. Kohlberg Kravis Roberts & Co. LP; Alliant Insurance

Services, Inc.

Specialty Consulting - - -

9/6/18 Black Diamond IT Services, Inc. Battery Ventures; Clubessential LLC IT Services - - -

9/6/18 Pulse Marketing LLC (Maine) Bangor Publishing Co. Marketing Services - - -

9/6/18 Blue Mobius Marketing LLC Joba Design, Inc. Marketing Services - - -

9/5/18 Noveen Consulting LLC CBRE Group, Inc. Specialty Consulting - - -

9/5/18 Thresher Communication & Productivity, Inc. Rahi Systems, Inc. IT Services - - -

9/5/18 CTS Packaging LLC Graphic Village LLC Business Process Outsourcing - - -

9/5/18 Challenger, Inc. (Virginia) Marlin Management Co. LLC Education and Training - - -

9/4/18 OpsGenie, Inc. Atlassian Corp. Plc IT Services 295.00 - -

9/4/18 Voice Solutions, Inc. Bertram Capital Management LLC; Spectrio LLC Marketing Services - - -

9/4/18 Aabet Business Systems Greatland Corp. Human Resources - - -

9/4/18 Rock Creek Publishing Group, Inc. ByteCubed LLC; Enlightenment Capital LLC Marketing Services - - -

9/4/18 Trio Printing Co. Modern Litho-Print Co. Business Process Outsourcing - - -

9/4/18 WHITE64 Pentagon Federal Credit Union Marketing Services - - -

9/4/18 Marder Benefits, Inc. OneDigital Health & Benefits Specialty Consulting - - -

9/4/18 Kristy Ozmun Public Relations, Inc. TexHahn Media, Inc. Marketing Services - - -

9/1/18 Bloomer, Geri & Co. Anglin, Reichmann, Snellgrove & Armstrong PC Professional Services - - -

9/1/18 Jun Group LLC Advantage Solutions, Inc. (California) Marketing Services - - -

9/1/18 Magoon, Freeman, Spain & Jones LLC Aprio LLP Professional Services - - -

8/31/18 Waitt Outdoor LLC Link Media Georgia LLC Marketing Services 82.00 - -

8/31/18 G&A Consultants LLC McAdams Environmental Construction LLC Specialty Consulting - - -

8/31/18 CPC Strategy LLC Elite SEM, Inc.; Mountaingate Capital Management

LP

Marketing Services - - -

8/31/18 The Training Network JER HR Group LLC Education and Training - - -

8/30/18 AC Business Media, Inc. Boyne Capital Partners LLC; AC Business Media,

Inc.

Marketing Services - - -

8/30/18 TGI Systems Corp. QMS Media Ltd. Marketing Services 44.44 - -

8/30/18 Be Locally Corp. SEO Werkz LLC Marketing Services - - -

8/29/18 easyBackgrounds, Inc. Renovo Capital LLC; Global Radar Acquisition LLC Human Resources - - -

8/29/18 Kerri Lowber & Associates Consultants LLC Burnett Advisors Professional Services - - -

8/29/18 White Lion Interactive TexHahn Media, Inc. Marketing Services - - -

8/29/18 VPS Holdings, Corp. Edgewater Services LLC; Advanced Converting

Works Holdings LLC

Business Process Outsourcing - - -

8/28/18 Professional Management Consultants Association

of America

CPA Mutual Insurance Co. of America RRG Specialty Consulting - - -

8/28/18 Key Resources, Inc. Monroe Staffing Services LLC; Faro Recruitment

America, Inc.

Human Resources 12.16 0.3x -

8/28/18 Great Atlantic Graphics, Inc. Alcom Printing Group, Inc. Business Process Outsourcing - - -

8/28/18 FluidEdge Consulting, Inc. General Atlantic LLC; CitiusTech, Inc. Specialty Consulting - - -

8/28/18 Shift Now, Inc. XSport Global, Inc. Marketing Services 0.31 0.1x -

8/27/18 Arras Keathley, Inc. The Adcom Group, Inc. Marketing Services - - -

8/27/18 MyFlyWiFi HPIL Holding Marketing Services - - -

8/27/18 Workplace Training, Inc. American Association for Laboratory Accreditation,

Inc.

Education and Training - - -

8/24/18 VegasWinners LLC Jericho Associates, Inc. Information Services - - -

8/23/18 Sunrise Identity LLC TPG Growth LLC; HALO Branded Solutions, Inc. Business Process Outsourcing - - -

8/23/18 Pangaro Training & Management True Security Design LLC Education and Training - - -

8/22/18 Key Outdoor, Inc. Link Media Georgia LLC Marketing Services 38.00 - -

8/22/18 Brand Value Accelerator LLC August Spark Marketing Services - - -

8/22/18 Copper Environmental Consulting, Inc. The White Oak Group, Inc.; PRISM RESPONSE INC Specialty Consulting - - -

8/22/18 Burke Group, Inc. Brown & Brown of Louisiana LLC Human Resources - - -

8/22/18 Conduent HR Consulting LLC H.I.G. Capital LLC (Private Equity) Specialty Consulting - - -

8/22/18 Repcruit, Inc. PeopleKeys, Inc. Human Resources - - -

8/21/18 Fitzpatrick, Cella, Harper & Scinto LLP Venable LLP Professional Services - - -

8/21/18 PenSys, Inc. Genstar Capital LLC; Ascensus LLC Human Resources - - -

8/21/18 Canpango LLC ScanSource, Inc. Specialty Consulting 158.10 - -

8/21/18 Restaurant Technologies, Inc. The Goldman Sachs Group, Inc. Facility and Industrial Services - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA8/20/18 Contract Management Strategies, Inc. Sheridan Capital Partners LLC; SpendMend LLC Professional Services - - -

8/20/18 Finish Line Binderies LLC BindTech, Inc. Business Process Outsourcing - - -

8/20/18 Copy Source One Ltd. iNSERViO3 LLC Business Process Outsourcing - - -

8/20/18 Citation Clinical Labeling Systems Advanced Web Technologies, Inc. Business Process Outsourcing - - -

8/20/18 Search Interactions LLC MWW Group, Inc. Marketing Services - - -

8/20/18 3D Results LLC Rizing LLC; OEP Capital Advisors LP Human Resources - - -

8/20/18 Shoeboxed, Inc. Earth Class Mail, Inc.; Scaleworks Associates LLC Business Process Outsourcing - - -

8/17/18 American Pest Control of Montgomery County,

Inc.

Anticimex AB; American Pest Management, Inc.

(Maryland)

Facility and Industrial Services - - -

8/16/18 Senniger Powers LLP Stinson Leonard Street LLP Professional Services - - -

8/16/18 Wall Street Languages Ltd. (Language school &

Translation Bus)

Linden East LLC Education and Training 0.06 - -

8/16/18 SET Industrial Services, Inc. Riverside Partners LLC (New York); IFS Group LLC Facility and Industrial Services - - -

8/15/18 McAlpine & Cozad APLC Schouest, Bamdas, Soshea & BenMaier PLLC Professional Services - - -

8/15/18 Fleur Edward Financial Education Corp. Leeds Equity Partners LLC; CeriFi LLC Education and Training - - -

8/14/18 Barnes Insurance & Financial Services Alera Group, Inc. Professional Services 0.00 0.0x 0.0x

8/14/18 HZDG Burson Cohn & Wolfe Marketing Services - - -

8/14/18 Pro R E A Staffing, Inc. Artifakt Digital Human Resources - - -

8/14/18 Fortin Howgate & Harmon Swanson Group, Inc. Professional Services - - -

8/14/18 XCEL Testing Solutions LLC Securities Training Corp. Education and Training - - -

8/14/18 Analytics Pros, Inc. ABRY Partners LLC; AdSwerve, Inc. Specialty Consulting 24.00 - -

8/14/18 Total Training Solutions, Inc. OnCourse Learning Corp.; Compass Partners Asset

Management LLC

Education and Training - - -

8/14/18 NuVorce LLC The Foray Firm, Inc. Professional Services - - -

8/13/18 Performance Bridge, Inc. Veritone One, Inc. Marketing Services 11.00 3.0x -

8/13/18 Singularity LLP Squire Patton Boggs LLP Professional Services - - -

8/13/18 Relus Technologies LLC Blackstone Corporate Private Equity; Cloudreach

Europe Ltd.

IT Services - - -

8/9/18 TaskUs LLC Blackstone Corporate Private Equity Business Process Outsourcing - - -

8/9/18 Zero by Degrees LLC BVH Integrated Services, Inc. Business Process Outsourcing - - -

8/9/18 ChainPerks, Inc. Access Industries, Inc. (New York); Yotpo Ltd. Marketing Services - - -

8/9/18 Allen, Haight & Monaghan LLP Windes, Inc. Professional Services - - -

8/9/18 RGL Forensics Baker Tilly Virchow Krause LLP Professional Services - - -

8/9/18 Premiere Credit of North America LLC Performant Financial Corp. Business Process Outsourcing 2.16 - -

8/9/18 Schrickel, Rollins & Associates, Inc. Parkhill, Smith & Cooper, Inc. Specialty Consulting - - -

8/9/18 HCS Healthcare Healthcare Support Staffing, Inc. Human Resources - - -

8/8/18 Zogg Benefits, Inc. G&A Outsourcing, Inc. Human Resources - - -

8/8/18 Dun & Bradstreet Corp. Thomas H. Lee Partners LP; CC Capital

Management LLC; Cannae Holdings, Inc.; Black

Knight, Inc.; Dun & Bradstreet Corp.

Information Services 6,521.33 3.6x 10.9x

8/8/18 KPA Services LLC Providence Equity Partners LLC Business Process Outsourcing - - -

8/8/18 World Class Packaging, Inc. Arnold Packaging Co Business Process Outsourcing - - -

8/8/18 120 West Strategic Communications LLC Kps/3, Inc. Marketing Services - - -

8/8/18 Paragon Label First Atlantic Capital Ltd.; TPG Growth LLC;

Resource Label Group LLC

Business Process Outsourcing - - -

8/7/18 Flip Management Select Management Group LLC Specialty Consulting - - -

8/7/18 Veritext Corp. Leonard Green & Partners LP Professional Services - - -

8/7/18 DRSmedia Inc. Clarity London Ltd. Marketing Services - - -

8/7/18 Marketplace Strategy LLC Social Code LLC Marketing Services - - -

8/7/18 Felty & Lembright Co., LPA Albertelli Law Partners LLC Professional Services - - -

8/3/18 DZAP Design, Inc. RealPage, Inc. Marketing Services 117.00 6.9x -

8/3/18 Alchemy Systems LP Intertek Group Plc Education and Training 480.00 - -

8/2/18 Credera Technologies, Inc. Omnicom Precision Marketing Group Specialty Consulting - - -

8/2/18 Random Lengths Publications, Inc. Euromoney Institutional Investor Plc Information Services 18.20 - -

8/2/18 Lipner, Sofferman & Co. LLP Katz Viola Lebenhart & Mauro LLP Professional Services - - -

8/1/18 Merrill Corp. (Transaction & Regulatory

Compliance Bus)

Toppan Leefung Pte Ltd.; Toppan Vintage, Inc. Business Process Outsourcing - - -

8/1/18 Macpage LLC Wipfli LLP Professional Services - - -

8/1/18 Celergo LLC Automatic Data Processing, Inc. Human Resources - - -

8/1/18 CooperKatz & Co., Inc. Gibbs & Soell, Inc. Marketing Services - - -

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA8/1/18 Laurand Management Co. Gumbiner Savett, Inc. Professional Services - - -

8/1/18 Corporate Fitness Works, Inc. Corporate Fitness Works, Inc. (Vivio) Specialty Consulting - - -

8/1/18 Yarlas, Kaplan, Santilli & Moran Ltd. Marcum & Kliegman LLP Professional Services - - -

8/1/18 The Lien Resolution Group Stone Point Capital LLC; JND Holdings LLC Professional Services - - -

7/31/18 401k Plus, Inc. Ascensus Human Resources - - -

7/31/18 Bugeaters Pest Control LLC Plunkett's Pest Control, Inc. Facility and Industrial Services - - -

7/31/18 Tammy Lynn Outdoor LLC Link Media Georgia LLC Marketing Services 1.73 - -

7/31/18 Mineral Interactive LLC Carson Group, Inc. Marketing Services - - -

7/31/18 PadillaCRT AVENIR GLOBAL, Inc. Marketing Services - - -

7/31/18 BluTrend, LLC RealPage, Inc. Business Process Outsourcing 10.50 - -

7/31/18 SoundEarth Strategies California, Inc. Terraphase Engineering, Inc. Specialty Consulting - - -

7/30/18 Continental Benefits Group, Inc. Ascensus Human Resources - - -

7/30/18 Social Reality Inc (SRAXmd business) Halyard Capital Management LLC Marketing Services 52.50 - -

7/30/18 RLA Collective, Inc. Ruder Finn, Inc. Marketing Services - - -

7/30/18 Nobel Learning Communities, Inc. SSH Group Holdings, Inc.; Primavera Capital Group

Ltd.

Education and Training - - -

7/30/18 Platinum Advisor Marketing Strategies LLC FMG Suite LLC Marketing Services - - -

7/27/18 Indigo Slate, Inc. Zensar Technologies, Inc. Marketing Services 18.00 0.8x -

7/27/18 Wilkerson Packaging Co. Mac Papers, Inc. Business Process Outsourcing - - -

7/27/18 Saxe & Associates Inc Doceo Office Solutions LLC Professional Services - - -

7/26/18 Beeline.com, Inc. New Mountain Capital LLC Human Resources - - -

7/26/18 Indusa Technical Corp. Sverica Capital Management LLC; Synoptek LLC Specialty Consulting - - -

7/26/18 AdvantEdge Healthcare Solutions, Inc. Founders Equity, Inc.; Headway Capital Partners

LLP; Advantedge Healthcare Solutions, Inc.

Business Process Outsourcing - - -

7/25/18 Art Chianese CPA PC Sareen & Associates, Inc. Professional Services - - -

7/24/18 Link Legal Search Group JURISolutions, Inc. Human Resources - - -

7/24/18 Alert Services Corp. HealthLink Dimensions LLC Human Resources - - -

7/24/18 Creative Sales & Marketing Group, Inc. J.W. Childs Associates LP; KeyImpact Sales &

Systems, Inc.

Marketing Services - - -

7/24/18 The Barrent Group LLC American Mortgage Consultants, Inc. Business Process Outsourcing - - -

7/23/18 Liberty Tax, Inc. Vintage Tributum LP Professional Services 149.46 0.9x 4.0x

7/23/18 Five Star Co., Inc. HIRE Strategies LLC Human Resources - - -

7/20/18 3Ci International LLC Management Analysis & Utilization, Inc. Human Resources - - -

7/19/18 Hack Reactor LLC Galvanize, Inc. Education and Training - - -

7/19/18 StratusPartner LLC Venture West Consulting LLC Specialty Consulting - - -

7/18/18 Land Management Group, Inc. Davey Resource Group, Inc. Specialty Consulting - - -

7/18/18 Irongrid Data Services LLC Anthem Venture Management LLC; ZenShin

Capital Partners LLC; Startup Capital Ventures

Management Company, LLC; Wavemaker Partners

LLC; VideoAmp, Inc.

Information Services - - -

7/17/18 Giant Creative Strategy LLC Huntsworth Plc Marketing Services 80.04 2.5x 11.4x

7/17/18 Wright Enterprises Holding Co., Inc. Ennis, Inc. Business Process Outsourcing 36.12 - -

7/17/18 Tenere, Inc. (Rapid Prototyping Division) Midwest Prototyping LLC Business Process Outsourcing - - -

7/17/18 Leadership Platform Acquisition Corp. Eurazeo Capital; Lakeland Tours LLC; Primavera

Capital Group Ltd.

Education and Training - - -

7/17/18 Aureon Contact Center, Inc. Oasis Outsourcing Holdings, Inc.; Oasis

Outsourcing Holdings LLC

Human Resources - - -

7/17/18 Menter, Rudin & Trivelpiece PC Barclay Damon LLP Professional Services - - -

7/17/18 VMA Media LLC Access Intelligence LLC Marketing Services - - -

7/17/18 The Great American Tank Wash, Inc. Advent International Corp.; QualaWash Holdings

LLC

Facility and Industrial Services - - -

7/17/18 Access Markets International (AMI) Partners, Inc. Analysys Mason Ltd. Specialty Consulting 3.60 - -

7/16/18 Stone Temple Consulting Corp. Perficient, Inc. Marketing Services 13.82 1.5x -

7/16/18 DataX Ltd. Equifax, Inc. Information Services - - -

7/16/18 Compass Clinical Consulting TiER 1 Performance Solutions LLC Specialty Consulting - - -

7/16/18 EHS Environmental, Inc. Hillmann Consulting LLC Specialty Consulting - - -

7/14/18 LandaJob, Inc. Landajob (Perrin) Human Resources - - -

7/13/18 Heir NYC LLC The Lede Co. LLC Marketing Services - - -

7/12/18 Synergen Consulting International LLC Cortec Group Management Services LLC; Vidaris,

Inc.

Specialty Consulting - - -

7/12/18 Platinum Tax Defenders LLC Cardiff Lexington Corp. Professional Services 3.28 0.6x 4.4x

Page 21: Investment Banking & Securities Offered Through SDR ... · Financial Buyer Inv. Date Select Corporate Acquisitions The Carlyle Group LP (Corporate Private Equity) 10/31/2018 Barometric

Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA7/12/18 Fazzi Associates, Inc. Mediware Information Systems, Inc.; TPG Capital

LLC

Business Process Outsourcing - - -

7/12/18 Prime Meridian LLC Farmobile, Inc. Information Services - - -

7/12/18 Strategic Employee Benefit Services of Texas New Mountain Capital LLC; Digital Insurance LLC Specialty Consulting - - -

7/11/18 The Door Marketing Group LLC Dolphin Entertainment, Inc. Marketing Services 11.34 - -

7/11/18 Zack Darling Creative Associates LLC Kush Bottles, Inc. Marketing Services 5.09 - -

7/11/18 Premier Barrier Management, Inc. Fire Door Solutions LLC Facility and Industrial Services - - -

7/11/18 Gyrosity Projects Stadiumred, Inc. Marketing Services - - -

7/11/18 Screenvision Direct, Inc. Riverside Partners LLC (New York) Marketing Services - - -

7/10/18 WCD Group LLC Arthur J. Gallagher & Co. Specialty Consulting - - -

7/10/18 Red Star Outdoor LLC Shamrock Capital Advisors LLC; Clear Channel

Branded Cities LLC

Marketing Services - - -

7/9/18 CLS Partners Kohlberg Kravis Roberts & Co. LP; Alliant Insurance

Services, Inc.

Professional Services - - -

7/9/18 James Printing, Inc. Modern Litho-Print Co. Business Process Outsourcing - - -

7/9/18 Summit Technology Consulting Group LLC The Cape Cod Five Cents Savings Bank Specialty Consulting - - -

7/6/18 MissionCulture LLC Troika Media Group, Inc. Marketing Services - - -

7/5/18 PR VEIN LLC Marque Media, Inc. Marketing Services - - -

7/5/18 Inkinen & Associates Huliau Capital LLC Human Resources - - -

7/3/18 INTAC Actuarial Services Inc Ascensus Human Resources - - -

7/3/18 SMARTANALYST, Inc. UDG Healthcare Plc Business Process Outsourcing 24.00 - -

7/3/18 Create Group NYC LLC UDG Healthcare Plc Marketing Services 58.40 - -

7/3/18 USA Payroll, Inc. Asure Software, Inc. Human Resources 3.50 - -

7/3/18 SchoolCity, Inc. LLR Partners, Inc.; Illuminate Education, Inc. Education and Training - - -

7/2/18 Paramount Staffing, Inc. Proman SAS Human Resources - - -

7/2/18 Cheltenham Township of Pennsylvania

(Wastewater System)

Aqua America, Inc. Facility and Industrial Services 50.25 - -

7/2/18 LoneStar Ecology LLC Kinderhook Industries LLC; Intergulf Corp. Facility and Industrial Services - - -

7/2/18 Employer Solutions Group Insurica Insurance Management Network Human Resources - - -

7/2/18 Washington, Pittman & Mckeever LLC Mitchell & Titus LLP Professional Services - - -

7/1/18 The Arland Group LLC Shaker Advertising Agency, Inc. Human Resources - - -

7/1/18 Annex Analytics, Inc de Novo Alternative Marketing LLC Marketing Services - - -

7/1/18 Structured Innovations Ltd. Legacy Marketing, Inc. IT Services - - -