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T & H Market Trends Index
LTM as of 7/28/2014
|25 - 100||07.52x||1.19x|
|100 - 250||6.51x||1.33x|
|250 - 500||7.21x||2.10x|
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|
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. > > >
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. >>>
Chain Store Sales Quarterly Update
Comparable Sales Tracking - Quarter 1 - 2014
June 2014 - Tully & Holland reported slightly negative comparable store sales growth. Fifty-one of the chains monitored (46.8%) reported positive growth in same store sales in Q1 of 2014 versus Q1 of 2013. >>>
The Demand Index 2014 Q1 Analysis
"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.