FCG Acquisitions Inc.

Overview Key strengths Key risks High revenue exposure to relatively stable maintenance, repair, and operations (MRO) demand. Negligible market share in the fragmented and highly competitive industrial distribution industry. Highly engineered product offering commands pricing premium. Persistent high leverage due to acquisition-based growth strategy. Technical knowledge and service capabilities add value to its offerings. Some cyclical end-market exposure despite broad customer diversity. Despite slowing macroeconomic conditions, FCG continued to generate strong bookings and expanded its revenue by the low double digit percent area year over year as of its second fiscal quarter ended Dec. 31, 2022. The improvement in its revenue stemmed from its acquisitions, in addition to organic increases related to its pricing and volumes. FCG is benefiting from

...We expect acquisitions and supportive, but slowing, end-market demand trends will lead to a significant increase in the company's revenue over the next 12 months. Despite slowing macroeconomic conditions, FCG continued to generate strong bookings and expanded its revenue by the low double digit percent area year over year as of its second fiscal quarter ended Dec. 31, 2022. The improvement in its revenue stemmed from its acquisitions, in addition to organic increases related to its pricing and volumes. FCG is benefiting from price increases--given that it can generally immediately pass through inflation-related supplier price...

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