June, 2016.
For year-to-date 2016, strategic buyers accounted for 91% of industrial & manufacturing M&A transactions
During 2015, strategic buyers accounted for just over 90% of the transactions
For closed transactions, industrial & manufacturing transaction multiples increased from 8.4x EBITDA and 1.3x revenue in 2014 to 10.5x EBITDA and 1.1x revenue in 2015
Notable publicly announced 2016 M&A transactions:
– American Securities signed a definitive agreement to acquire Blount International, Inc. for $882 million
– Acon Investment, Fairfax Financial Holdings and Albright Capital Management made an offer to acquire APR Energy plc for approximately $771 million
– LKQ Corporation entered into a definitive merger agreement to acquire Pittsburgh Glass Works LLC for approximately $635 million
– Southern Company entered into an agreement to acquire PowerSecure International, Inc. for approximately $445 million
– Salini Impregilo S.p.A. agreed to acquire Lane Industries, Inc. for approximately $410 million
Notable IPO’s include CNX Coal Resources LP, Green Plains Partners LP, Milacron Holdings, JELD-WEN Holdings, Inc. and Atkore International Group, Inc.
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