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Industry Update: Transportation & Logistics Industry M&A Update – November, 2016

November, 2016.

Transportation and logistics M&A continues to see strong activity. YTD 2016 transaction volume of 99 exceeded 2015 levels. During 2015, there were 93 transactions.

For YTD 2016, strategic buyers accounted for 96% of the transportation and logistics M&A transactions with financial buyers making up the difference. During 2015, strategic buyers accounted for approximately 87% of the transactions.

For announced transactions, transportation and logistics multiples saw 9.4x EBITDA and 0.7x revenue in YTD 2016.

Peakstone equally weighted transportation and logistics index is slightly underperforming the S&P 500.

Notable publicly announced transactions:

‒General Logistics Systems acquired Golden State Overnight Delivery Service Inc. for approximately $90 million.
‒Menzies Aviation Inc. entered into a definitive agreement to acquire Aircraft Service International Group, Inc. for approximately $200 million.
‒Genesee & Wyoming Inc. entered into a definitive agreement to acquire Providence and Worcester Railroad Company for approximately $130 million.
‒Matson Logistics, Inc. acquired Span-Alaska Transportation, Inc. for approximately $200 million.

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