Quick Value #205 - Energy MRO Distributors

A pair of MRO distributors to energy, pipelines, and utilities trading at <6x EBITDA and 11%+ FCF yields... merger or takeout on the horizon?

Today we’re looking at a pair of small-cap distributors to energy, utility, and industrial customers.

One of them was covered in a recent hedge fund letter so I wanted to take a closer look. Turns out the company has a very close peer both in size and operating model; figured I’d lump that one in too for a side-by-side comparison.

Back next week with a free edition of Quick Value. Enjoy!