E-Commerce M&A continues to see strong activity. YTD 2016 transaction volume of 327 exceeded 2015 levels. During 2015, there were 320 transactions.
For Year-to-Date 2016, strategic buyers accounted for 87% of the e-commerce M&A transactions with financial buyers making up the difference. During 2015, strategic buyers accounted for approximately 80% of the transactions.
For announced transactions, e-commerce multiples saw 9.3x EBITDA and 1.3x revenue in YTD 2016.
Peakstone equally weighted e-commerce index continues to outperform the S&P 500.
Notable publicly announced transactions:
– Tractor Supply Company acquired Petsense, Inc. for approximately $120 million.
– UniFirst Corp. acquired Arrow Uniform-Taylor LLC for approximately $120 million.
– LeftLane Sports, Inc. acquired Retail Innovation Group, Inc. for approximately $19 million.
– Hudson’s Bay Company entered into a definitive agreement to acquire Gilt Groupe Inc. for approximately $250 million.Download Report