September, 2024

As of Q 2 2024, the median transaction value in Automotive was $22 million. As of Q 2 2024, the strategic buyers accounted for 99% of transactions.

Select recent notable publicly announced M&A transactions:

–Withers Automotive Worldwide closed its acquisition of Eddie Gilstrap Motors for $10 million in June 2024.

–Penske Commercial Vehicles closed its acquisition of River States Truck & Trailer at an undisclosed amount in June 2024.

–Hallmark Automotive Group closed its acquisition of Jim Burke Automotive for $40 million in May 2024.

–Hyundai Motor Company closed its acquisition of Motional Ad for $448 million in May 2024.

–ECD Automotive Design closed its acquisition of Brand New Muscle Car (Certain Assets) for $1 million in April 2024.

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