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T & H Market Trends Index
LTM as of 11/17/2014
|25 - 100||7.33x||1.45x|
|100 - 250||6.64x||1.38x|
|250 - 500||7.6x||2.28x|
Source: Capital IQ
Data includes multiples between 3x and 25x excluding real estate and telecommunications transactions.
A selection of recently completed transactions by Tully & Holland, Inc. See listings >>
20 William Street, Suite 135
Wellesley, MA 02481
|Member SIPC||Member FINRA|
Chain Store Sales Quarterly Update
Comparable Sales Tracking - Quarter 2 - 2014
September 2014 - Tully & Holland reported a 1.4% median increase in comparable store sales. Fifty-two of the chains monitored (50.5%) reported positive growth in same store sales in Q2 of 2014 versus Q2 of 2013. >>>
M&A Snapshots by Sector - Second Quarter 2014
July 2014 - Over the past 36 months, Tully & Holland has tracked 199 M&A transactions within the Beverage Industry. YTD 2014 M&A activity has improved slightly since 2013 to a total of 36 transactions. 81% of the disclosed transaction values were below $25 million. > > >
July 2014 - Over the past 36 months, Tully & Holland has tracked 533 M&A transactions within the US Food Industry. YTD 2014's transaction volume has increased by 12% from the same time period in 2013. > > >
E-Commerce and Catalog Industry
July 2014 - Over the past 36 months, Tully & Holland has tracked 180 transactions within the e-commerce and catalog industry. YTD 2014 M&A activity has increased by 39% and 15% from the same time period in 2013 and 2012, respectively. > > >
Sweets, Snack & Confectionary Industry
May 2014 - Over the past 36 months, Tully & Holland has tracked 72 M&A transactions within the Sweets, Snack & Confectionary Industry. Transaction activity was stable during 2012 and 2013, with 27 M&A transactions announced during each year. > > >
Flavors & Fragrances Update
August 2014 - Flavors and Fragrances is a $25 billion industry globally, growing at a compounded annual growth rate of 4.5% since 2006. Increased consumption in emerging markets, recovery in developed economies, and innovation are likely to fuel growth going forward. >>>
Craft Beer Update
July 2014 - In 2013 retail Craft Beer Sales grew an estimated 20%, from $11.9 billion to $14.3 billion, representing the industry's 8th consecutive year of double-digit sales growth.
Fiercely independent, craft brewers are less inclined to sell resulting in scarcity of sellers. This void combined with double-digit category growth has yielded premium valuations for those who are willing. >>>
Restaurant Industry Update
June 2014 - Substantial investment is taking place in three categories of the fast-casual restaurant segment; healthy dining chains, premium burger chains, and aritsan pizza concepts. For the fifth consecutive year, the fast-casual segment's growth in traffic outpaced that of every other restaurant segment. >>>
US Internet Retail Industry Update
May 2014 - The internet retail industry has been a particularly hot topic of discussion over the past several weeks, with investors speculating whether Alibaba's recent IPO filing will be the largest in US history. >>>
"Our deep industry knowledge in combination with 20 years of successfully completed transactions enables us to provide clients with sophisticated financial advice."
January 14, 2014 - Japan's Suntory Holdings Ltd. announced its offer to purchase Beam Inc. and its cachet of portfolio brands. In the article, After $16B Beam Buyout, Smaller Booze Deals on Horizon, Tim Tully comments on the sizable deal.
January 14, 2014 - Google this week said it would spend $3.2 billion to buy Nest, which runs the Nest.com online site and the store.nest.com e-commerce site. In the article, Google Cozies Up To Consumers In Their Homes, Stuart comments on the acquisition.