Stout is pleased to present our Specialty Distribution Industry Update for Q1 2023. We hope that you find this report helpful and that it serves as a valuable resource to you in staying up to date on the market. We look forward to staying in touch and encourage you to contact us directly if you would like to discuss our perspectives on current market trends or potential M&A opportunities, or to discuss our relevant advisory experience.

Overview for This Edition

• Key Insights and Observations
• U.S. Macroeconomic Backdrop
• M&A Activity Trends
• Market Forces to Look Out for Through 2023
• Public Markets and Subsector Performance
• Q1 2023 M&A Highlights
• Recent Stout Transaction Spotlight