Cromwell to W.W. Grainger Inc.

EV / LTM EBITDA

11.0x

EV / LTM Sales

Enterprise Value

Primary Source

Barclays

All Observations

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
Primary	fairness opinion	SPLS FO	Barclays	2017	-	-	11.0x	-	Assumed 10% EBITDA margin per announcement press release.	Open