Net

Company

Acquisition

Intangible

Tangible

Operating

Name

Date

Purchase Price

Assets

Segment

March 13, 2020

$21,851
cash paid for 100% asset purchase and estimated contingent consideration

$

18,289

$

3,562

Construction

Quest Design & Fabrication and Quest Architectural Millwork ("Quest")

A designer, fabricator, and installer of premium millwork and case goods for a variety of commercial uses. Quest had annual sales of approximately $22 million. The acquisition of Quest will expand our architectural millwork in the commercial construction business unit, which aligns with our growth goals in the construction segment.

September 16, 2019

$12,422
cash paid for 100% asset purchase

$

7,464

$

4,958

Industrial

Pallet USA, LLC ("Pallet USA")

A manufacturer and recycler of wood pallet and crating products in the Midwest. Pallet USA had annual sales of approximately $18 million. The acquisition of Pallet USA allows us to expand our capacity to manufacture wood-based industrial packaging products and offer new services to customers in the Midwest.

August 12, 2019

$17,809
cash paid for 100% asset purchase and estimated contingent consideration

$

8,290

$

9,519

Retail

Northwest Painting, Inc. ("Northwest")

A supplier of pre-painted building materials, including siding, soffit, panels and trim to the Western U.S. Northwest had annual sales of approximately $14 million. The acquisition of Northwest will expand our capacity to produce coated siding and trim for customers in the Northwest and Mountain West regions.