Transportation and Logistics M&A Update

2Q 2019


  • 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

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