Update: Transportation and Logistics M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Transportation & Logistics was $68 million. In Q2 2023, strategic buyers accounted for 95% of transactions.

Select recent notable publicly announced M&A transactions:

– Crowley Maritime Corporation closed its acquisition of Tamarind Consolidated at an undisclosed value in June 2023.

– IAC closed its acquisition of Turo for $104 million in May 2023.

– Covenant Logistics Group closed its acquisition of Lew Thompson & Son Trucking for $130 million in April 2023.

– Blink Mobility closed its acquisition of Envoy Technologies for $36 million in April 2023.

– Fulflld closed its acquisition of Nillam Logistics at an undisclosed value in April 2023.


Update: Technology and Software M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Technology and Software was $79 million. In Q2 2023, strategic buyers accounted for 93% of transactions.

Select recent notable publicly announced M&A transactions:

– Socure closed its acquisition of Berbix for $70 million in June 2023.

– Databricks announced its acquisition of Mosaic ML for $1.3 billion in June 2023.

– Thomson Reuters Corporation announced its acquisition of Casetext for $650 million in June 2023.

– International Business Machines Corporation announced its acquisition of Apptin for $4.6 billion in June 2023.

– Nasdaq announced its acquisition of Adenza Group for $10.7 billion in June 2023.


Update: Pet M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Pet was $14 million. In Q2 2023, strategic buyers accounted for 86% of transactions.

Select recent notable publicly announced M&A transactions:

– Destination Pet closed its acquisition of Pet Palace Pet Boarding Resort at an undisclosed value in June 2023.

– HomeLife Brands closed its acquisition of PetVet.Ai at an undisclosed value in May 2023.

– Vynetic closed its acquisition of Wagz for $1 million in May 2023.

– Inspire Veterinary Partners closed its acquisition of Dietz Family Pet Hospital (Veterinary Practice and Related Assets) for $0.5 million in April 2023.

– Realty Income Corporation closed its acquisition of Pet Emergency Clinic for $18 million in April 2023.


Update: Packaging M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Packaging was $135 million. In Q2 2023, strategic buyers accounted for 84% of transactions.

Select recent notable publicly announced M&A transactions:

– Nefab AB closed its acquisition of Poly Flex Products at an undisclosed value in June 2023.

– PaperWorks Industries closed its acquisition of The Standard Group at an undisclosed value in June 2023.

– B2B Industrial Packaging closed its acquisition of Skylark Holdings at an undisclosed value in June 2023.

– DuPont de Nemours announced its acquisition of Spectrum Plastics Group for $1.8 billion in May 2023.

– B2B Industrial Packaging closed its acquisition of Millennium Packaging at an undisclosed value in April 2023.


Update: Infrastructure M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Infrastructure was $54 million. In Q2 2023, strategic buyers accounted for 89% of transactions.

Select recent notable publicly announced M&A transactions:

– RPC closed its acquisition of Spinnaker Oilfield Services for $79 million in June 2023.

– Mayville Engineering Company announced its acquisition of Mid-States Aluminium Corp. for $96 million in June 2023.

– Blackstone announced its acquisition of Northern Indiana Public Service Company for $2.2 billion in June 2023.

– Civitas Resources announced its acquisition of Hibernia Energy III/Hibernia Energy III-B for $2.3 billion in June 2023.

– Lone Star Americas Acquisitions announced its acquisition of Carlisle Fluid Technologies for $520 million in June 2023.


Update: Industrials and Manufacturing M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Industrials and Manufacturing was $18 million. In Q2 2023, strategic buyers accounted for 92% of transactions.

Select recent notable publicly announced M&A transactions:

– Westinghouse Air Brake Technologies Corporation closed its acquisition of L&M Radiator for $230 million in June 2023.

– Lone Star Americas Acquisitions announced its acquisition of Carlisle Fluid Technologies for $520 million in June 2023.

– KKR announced its acquisition of CIRCOR International for $1.7 billion in June 2023.

– Oshkosh Corporation announced its acquisition of JBT AeroTech Corporation for $800 million in May 2023.

– Stratasys announced its acquisition of Desktop Metal for $770 million in May 2023.


Update: Healthcare M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in healthcare was $30 million. In Q2 2023, strategic buyers accounted for 95% of transactions.

Select recent notable publicly announced M&A transactions:

– Shionogi announced its acquisition of Qpex Biopharma for $140 million in June 2023.

– H.B. Fuller Company closed its acquisition of Adhezion Biomedical for $95 million in June 2023.

– Novartis AG announced its acquisition of Chinook Therapeutics for $3.5 billion in June 2023.

– Morphogenesis announced its acquisition of CohBar for $131 million in May 2023.

– Dianthus Therapeutics announced its acquisition of Magenta Therapeutics for $172 million in May 2023.


Update: Food and Beverage M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Food and Beverage was $23 million. In Q1 2023, strategic buyers accounted for 92% of transactions.

Select recent notable publicly announced M&A transactions:

– An undisclosed buyer announced its acquisition of Whole Earth Brands for $592 million in June 2023.

– Luxco closed its acquisition of Penelope Bourbon for $216 million in June 2023.

– An undisclosed buyer announced its acquisition of Jetro Holdings for $1.4 billion in May 2023.

– Flagstone Foods closed its acquisition of Emerald Nuts (Campbell Soup Company) for $40 million in May 2023.

– The Duckhorn Portfolio closed its acquisition of Winery and Planted Vineyards for $55 million in May 2023.


Update: Digital Commerce M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Digital Commerce was $7 million. In Q2 2023, strategic buyers accounted for 94% of transactions.

Select recent notable publicly announced M&A transactions:

– From You Flowers closed its acquisition of FTD at an undisclosed value in June 2023.

– Tempur Sealy International announced its acquisition of Mattress Firm Group for $4.0 billion in May 2023.

– Upexi closed its acquisition of Cygnet Online for $23 million in April 2023.

– An undisclosed buyer closed its acquisition of Yandy Enterprises for $3 million in April 2023.

– Battlbrands Holdings announced its acquisition of Battlbox for $7 million in April 2023.


Update: Consumer and Retail M&A Update – August, 2023

August, 2023

In Q2 2023, the median transaction value in Consumer & Retail was $16 million. In Q2 2023, strategic buyers accounted for 94% of transactions.

Select recent notable publicly announced M&A transactions:

– An undisclosed buyer closed its acquisition of American Giant for $10 million in May 2023.

– Tempur Sealy International announced its acquisition of Mattress Firm Group for $4.0 billion in May 2023.

– BPEA EQT and Nord Anglia Education closed its acquisition of IMG Academy for $1.1 billion in April 2023.

– Goosehead Insurance announced its acquisition of Insurance Book of Vivint Smart Home for $6 million in April 2023.

– Express and WHP Global closed its acquisition of Bonobos for $75 million in April 2023.