Net

Company

Acquisition

Intangible

Tangible

Operating

Name

Date

Purchase Price

Assets

Segment

July 14, 2020

$19,173
cash paid for 100% asset purchase and estimated contingent consideration

$

13,098

$

6,075

Industrial

T&R Lumber Company ("T&R")

A manufacturer and distributor of a range of products used primarily by nurseries, including plastic growing containers, pots and trays; wooden stakes; trellises; tree boxes; shipping racks; and other nursery supplies based in Rancho Cucamonga, California. T&R had annual sales of approximately $31 million. The acquisition of T&R will allow us to leverage their expertise using our national manufacturing capacity to grow our agricultural product offerings and customer base across the country.

March 13, 2020

$21,787
cash paid for 100% asset purchase and estimated contingent consideration

$

19,098

$

2,689

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 expands our architectural millwork capabilities and expertise in our commercial construction business unit, and will allow us to use our national manufacturing capacity to grow and diversify our sales to this end market