Building and engineering market in USA

customer service, acetylene, argon, fuel, radio frequency identification, supply chain, beverage, books, building material, building products, cancer, computer products, construction materials, consumer products, consumer services, electronic manufacturing, electronics, franchise, freight, generics, healthcare, hospital, hospitals, industrial gases, investment banking, mobile phone, natural foods, outsourcing, packaging, packaging, pda, phone accessories, plates, prescription drugs, restaurant, restaurant, restaurants, restaurants, rfid, roofing, savings, security information management, software, supermarket, trading, wholesale,

june 2006 starshak welnhofer & co 55 west monroe street suite 2530 chicago illinois 60603 tel 312 444 9367 fax 9519 william g b swandco com page 1 investment bankers sw distribution ev and ebitda indexes 80 90 100 110 120 130 140 150 160 j an 0 3 ma r m a y 03 ju l se p no v ja n 4 04 ul s ep o 5 05 6 06 8 9 10 11 12 13 14 15 16 enterprise value index conformed s&p500 news dear clients friends in this issue we discuss the updates of our as may 31 report on general m&a activity during month ment selected transactions involving industrial distribu tors