Transportation and Logistics M&A Update

3Q 2020

RESOURCE HIGHLIGHTS

  • The Transportation & Logistics (“T&L”) industry index has rebounded 23.3% from its March lows through Q3 2020
  • M&A deal volume in Q3 2020 was up slightly (4%) compared to Q2 2020 but down 19.4% from 3Q 2019
  • Total capital invested for all deals disclosed decreased 38.6% from Q2 2020
  • Strategic buyers accounted for 53.8% of transactions in the sector in Q3, down from 65% in Q2
  • The $2.95 billion acquisition of Contemporary Amperex Technology (SHE: 300750) by Honda Motor Company represented the largest T&L deal in Q3
  • Stock prices have trended higher in the T&L Sector while valuation multiples have declined in YTD 2020 compared to the prior year
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