Packaging M&A Update

3Q 2020

RESOURCE HIGHLIGHTS

  • The Dow Jones U.S. Container & Packaging Index outperformed the Dow Jones Industrial Average by 2.3% in 2020
  • M&A deal volume in Q3 2020 was down 12% from Q2 2020 with a total of 29 completed transactions
  • Total capital invested for all deals disclosed in Q3 2020 increased 382% from Q2 2020
  • Private equity firms transacted more deals YTD through Q3 2020 than strategic buyers, but strategic buyers invested more capital
  • The $6.6 billion acquisition of Mobile Mini by WillScot Corporation (NAS: WSC) represented the largest transaction in Q3
  • Valuation multiples on strategic M&A transactions have trended higher in YTD 2020 over the prior year while valuations on PE transactions have declined
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