Q2 2023

Transportation and Logistics M&A Update


RESOURCE HIGHLIGHTS

  • The Transportation & Logistic industry index increased by 15.6% in Q2 and outperformed the S&P 500 index, which increased 6.1% in the same period.
  • The median EV/EBITDA multiple for reported strategic deals increased to 7.3x in 1H 2023 from 5.8x in 2022. There were no reported PE EV/EBITDA multiples in 1H 2023.
  • M&A deal volume in the T&L sector decreased 25.2% to 175 completed transactions in Q2 from 234 deals in Q1, and decreased 20.8% from 221 deals in the same period of the prior year.
  • As a % of total capital invested in M&A transactions in 1H 2023, PE participation decreased significantly to 25.6%, down from 63.0% in 2022.
  • Europe was the most active region in Q2 with 88 deals. Most notably in the European market was ALD Automotive‚Äôs $5.4 billion acquisition of LeasePlan in May 2023
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