April, 2023

In Q1 2023, the median transaction value in Automotive was $26 million. In Q1 2023, the strategic buyers accounted for 100% of transactions.

Select recent notable publicly announced M&A transactions:

– Fletcher Jones Automotive Group closed its acquisition of Carson Toyota for $49 million in February 2023.

– FOX Factory announced its acquisition of Custom Wheelhouse for $132 million in February 2023.

– Shell Oil Company closed its acquisition of Volta for $270 million in January 2023.

– First Brands Group closed its acquisition of Horizon Global Corporation for $408 million in January 2023.

– Royal Truck & Trailer Sales and Service closed its acquisition of Hudsonville Truck and Trailer Service at an undisclosed value in January 2023.

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