Deal activity slowing down in the first and second quarter of 2019
The beginning of a trend that shows investors might be moving up market to fewer, larger deals
Private equity firms are showing a slight uptick in market share against strategic acquirers in terms of deal activity
Andeavor Logistics (NYS: ANDX) reached a definitive agreement to be acquired by MPLX (NYS: MPLX), a subsidiary of Marathon Petroleum (NYS: MPC) for $14 billion on May 8, 2019. Marathon Petroleum will have an expanded geographic footprint which enhances its long-term growth opportunities and the sustainable cash flow profile of the business.
Stock prices and valuation multiples trend downwards through 2018 and slightly rebound into 2Q 2019