Q2 2021

Transportation and Logistics M&A Update


  • The Transportation & Logistics (“T&L”) industry index rose 23.0% in 1H 2021 and outperformed the S&P 500 index, which increased 16.1% in the same period
  • Total capital invested in M&A transactions in 1H 2021 in the T&L sector increased 87.2% to $35.0 B from $18.7 B in the same period of the prior year
  • PE investors contributed 60.1% of total capital invested compared to 39.9% for strategic buyers in the T&L sector
  • The $6.2 Billion Hertz (PINX: HTZZ) reorganization by Apollo Global Management (NYS: APO), Certares, and Knighthead Capital Management on May 14, 2021 represented the largest transaction in the U.S. this quarter
  • Stock prices and valuation multiples trended higher in Q2 2021 from prior year levels

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