Deal Detail

Caito Food Service, BRT Logistics to SpartanNash

EV / LTM EBITDA

EV / LTM Sales

0.4x

Enterprise Value

Primary Source

Fairness Opinion

Comparable Transactions

Food Distribution transactions announced in the five years to November 2016. 3 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Feb 2016	Brakes Group	Sysco Corporation	$3.1B	-	11.9x	Strategic
Dec 2013	US Foods	Sysco Corporation	$8.2B	-	9.9x	Strategic
Jul 2013	Nash Finch Company	Spartan Stores, Inc.	$782M	-	6.6x	Strategic
	Mean			-	9.5x
	Median			-	9.9x

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	Fairness Opinion	SVU FO	Lazard	2018	-	0.4x	-	-	-	Open