Rock Products

MAY 2018

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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Page 19 of 75

18 • ROCK products • May 2018 C apstone Headwaters Building Products and Construction Services Team advises industry business owners, entre- preneurs, executives and investors in the areas of merger and acquisitions, capital raising and various special situa- tions advisory. Due to our background and laser focus within the industry, Capstone Headwaters is uniquely qualified and has an unparalleled track record of successfully representing Building Products and Construction companies. Public Valuation Commentary Figure 1 includes the constituents of Capstone Headwa- ters Aggregates Materials Index as of 12/31/2017. Average EBITDA multiples increased from 12.6x at 9/30/17 to 12.9x at year-end. Capstone Headwaters Aggregates Industry Update In This Quarterly Report, Provided Exclusively to Rock Products , Capstone Headwaters Offers Insight Into Merger & Acquisitions (M&A), Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore Capstone Update Invest in our quality Profit from our solutions TM 715-483-9611 ∙ ∙ A BRAND YOU'VE KNOWN SINCE 1965 A B RAND YOU CAN TRUST Armor ® Screen Media Combination of high grade wire cloth with a molded coating of premium polyurethane designed to protect your operation with the combined benefits of long wear life and high open area.

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