Update: Infrastructure M&A Update – April, 2023

April, 2023

In Q1 2023, the median transaction value in Infrastructure was $42 million. In Q1 2023, strategic buyers accounted for 87% of transactions.

Select recent notable publicly announced M&A transactions:

– Ontario Teachers’ Pension Plan Board closed its acquisition of Sweetwater Royalties for $222 million in March 2023.

– Ta Chen International closed its acquisition of TCI Texarkana for $100 million in March 2023.

– KLX Energy Services Holdings closed its acquisition of Greene’s Energy Group for $34 million in March 2023.

– Marathon Petroleum Corporation closed its acquisition of LF Bioenergy for $100 million in March 2023.

– Builders First Source closed its acquisition of Noltex Holdings for $83 million in February 2023.

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