Cherry Tree Publishes Building 
Products Industry 2017Q1 Report
The enclosed report focuses on the Building Products industry. This quarter's feature article is an in-depth analysis of the North American residential window and door manufacturing market, one of the most vibrant areas of building products M&A in recent years. Our feature article covers the different types of window and door manufacturers, economic and demographic trends affecting the sector, and past M&A activity in the sector. Additionally, we discuss the strategic rationale behind consolidation, why private equity has taken an interest in window and door manufacturers, and the outlook for the sector.
Cherry Tree & Associates' industry report also includes M&A valuation metrics for Building Products companies, notable Building Products transactions in 2017Q1, and our Building Products Index.
We trust you will find this report beneficial. Please contact us to discuss our services, the industry, this report, our findings, or the outlook for your business.

Paul Novak
Managing Director, Investment Banking
Cherry Tree & Associates, LLC
Direct   952.253.6036
301 Carlson Parkway #103
Minnetonka, MN 55305
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