Expert Driven Insights

TRG Consulting & Advisory

We provide strategic Consulting & Advisory services to private companies, public companies, financial sponsors and industry associations in the Construction & Industrial industries. Leveraging our industry expertise, deep industry relationships and proprietary research process, we build tailored solutions for our clients. From transaction due diligence to product or geographic expansion assessment to state or local policy and funding analysis, we work closely with our clients to help make actionable and practical decisions.

TRG Consulting and Advisory provides consulting and advisory services to the same sectors that TRG Equity Research covers. Namely building materials, building products, building and construction services, construction equipment and rental.

Additionally, TRG Consulting and Advisory has provided valued insight into the recreational vehicle market in the Americas and Europe as well as in manufactured and modular housing.

We have completed Consulting & Advisory projects and survey work across the globe, from North America to Europe to Asia and completed the following services.

M&A Advisory:

Example: Valuation and strategic bid analysis of heavy materials assets for acquiring company.

Strategic Advisory & Positioning:

Example: Analysis of a residential construction trends in a specified MSA and the municipal waste market. The study also provided high level pricing data from local municipal collection companies and landfills.

Example: Independent, third-party review of a publicly-traded building product company’s outreach/messaging to the institutional investor marketplace

Product Expansion & Analysis:

Example: Examination of the Interior Commercial Trends for internal strategic growth initiatives.

Example: Examination interior commercial trends for internal strategic growth initiatives.

Transaction Due Diligence:

Example: An independent, third-party review of key competitors for a building product manufacturer.

Example: Analysis of the commercial bus market, focusing on target acquisition positioning in the industry in light of the realities of a post-COVID world and corresponding changes in bus/transit funding mechanisms.

Market & Industry Examination:

Example: Examination of the heavy materials industry in the U.S. and identify potential areas of investment.

Example: Examination of the U.S. aluminum fencing and railing market for the residential and non-res end markets.

RV & Transportation Industry:

Example: In-depth due diligence review for a private recreation vehicle dealer transaction.

Example: Pitch book preparation and industry analysis for a private sale process.

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Previous Engagements

Geographic Expansion - Aggregates

TRG concluded an in-depth geographic expansion study for a middle-market private equity firm interested in acquiring aggregate assets over a multi-state area. The TRG team directed our efforts to analyze the geographic markets including interviews with the Department of Transportations (DOTs), municipal representatives, Chambers of Commerce and other industry sources. Client deliverable included prospects for economic development, analysis of demographics, and the public funding environment.


Market Review - Construction

For a repeat corporate client, TRG construction an exhaustive analysis of the public, non-residential and residential markets in a number of key client regions. Given the highly regionalized recovery underway at the time, TRG focused on identifying key economic drivers in each market place. TRG accomplished this through in-depth research, interviews with key state and local officials as well as in-person site visits. Key takeaways for the client included an analysis of the addressable market, opportunities and threats, the competitive landscape and relevant legislation action.


Transaction Due Diligence - Building Materials

Engaged by a major western building products company considering a bolt-on acquisition, TRG analyzed the target company's local economy for both private and public spending to forecast out-year growth. Primary growth drivers for the economy were examined as well as local and state legislative actions and feedback from numerous local and state business and legislative leaders.


Product Expansion - Building Products

TRG has worked with multiple clients on product expansions within discrete industries. TRG focused on assessing market size, analyzing competitive dynamics, price/cost dynamics, driver for key “value chain” decision-makers, relevant external factors impacting adoption, among other focus topics. TRG tapped our firm’s unique network of construction industry relationships across North America to complete these projects.


Bespoke Surveys - Multiple Verticals

For multiple verticals including recreational vehicles and building products, TRG has completed bespoke surveys for a wide variety of clients. These survey’s have included both email based and telephonic outreach to target audiences both in North America and Internationally.


For further information, please contact Rick Johnson via email or 615-788-3899.

TRG has been a valued team member of the Steel Framing Industry Association (SFIA) for almost 10 years. During that time TRG has helped develop the associations quarterly tonnage survey and a leading indictor report while also supporting its day-to-day operations. To purchase either the tonnage survey or the leading indicator report, please click the link below