| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Pentacon, Inc. |
| 9821 Katy Freeway, Suite 500, Houston, TX 77024 * (713) 464-7770 |
| The company is a leading distributor of fasteners and other small parts and provider of related inventory procurement and management services to original equipment manufacturers on a worldwide basis. |
| Manager | Tier | Phone |
| Donaldson, Lufkin & Jenrette Securities Corp. | Lead Manager | (212) 371-0641 |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| Schroder Wertheim & Company, Incorporated | Co-manager | (212) 492-6900 |
| NYSE: | JIT | Wholesale: | SIC 5085 | |
| Type of Shares: | Common Shares | Filing Date: | 12/3/97 | |
| U.S. Shares: | 5,200,000 | Offer Date: | 3/9/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 5,200,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $46,800,000 | Selling: | $0.70 | |
| Expenses: | $0 | Reallowance: | $0.10 | |
| Post-IPO Shares: | 13,323,585 | |||
| Employees: | 516 |
| Issuer's Law Firm: | Andrews & Kurth |
| Bank's Law Firm: | Baker & Botts |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/30/97 | 9/30/97 | ||||
| Revenue: | $112.80 | Assets: | $117.10 | ||
| Net Income: | $4.86 | Curr Assets: | $63.39 | ||
| EPS: | Liabilities: | $79.03 | |||
| Prior EPS: | Curr Liab: | $34.69 | |||
| Cash Flow/Oper: | Equity: | $38.08 | |||
| Cash Flow/Fin: | Cash: | $3.63 | |||
| Cash Flow/Inv: | Working Cap: | $28.70 | |||
| Competition |
| The Company is engaged in a highly fragmented and competitive industry. Competition is based primarily on service, quality and geographic proximity. The Company competes with a large number of fastener distributors on a regional and local basis, some of which may have greater financial resources than the Company and some of which are public companies or divisions of public companies. The Company may also face competition for acquisition candidates from these companies, some of whom have acquired fastener distribution businesses during the past decade. Other smaller fastener distributors may also seek acquisitions from time to time. |
| Business Plan |
| The Company intends to become the leading fastener and small parts distributor on a worldwide basis. Key elements of the Company's strategy to achieve its objective are: (I) Provide Value-Added Services, (ii) Deliver Superior Customer Service, (iii) Accelerate Internal Sales Growth, (iv) Expand Operating Margins and (v) Aggressively Pursue Acquisitions. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain indebtedness, including the obligation to pay the cash portion of the purchase price for the founding companies. |
| Officer Name | Title | Age |
| Mark E. Baldwin | Chairman of the Board and Chief Executive Officer | 44 |
| Cary M. Grossman | President and Director | 43 |
| Jack L. Fatica | President, Chief Operating Officer and Director | 53 |
| Brian Fontana | Senior Vice President and Chief Financial Officer | 40 |
| Bruce M. Taten | Senior Vice President, Chief Administrative Officer and General Counsel | 41 |