Q3 2023 – US & Global 2023 Dealmaking
- Following supply chain constraints and surging freight rates throughout 2021 and the first half of 2022, US Transportation and Logistics (“T&L”) M&A activity experienced a 33.3% decline in Q3-23 transaction volumes relative to Q3-22.
- Fluctuating conditions, such as onshoring and shifts in supply chains, pushed down deal volumes during the trailing twelve-month period that ended September 2023. US strategic buyers closed 181 deals, consistent with the 191 in 2020 but 18.8% below strategic buyer deals closed in 2022.
- Geopolitical unrest and transformative transportation technology impacted the global transportation and logistics M&A activity trends, mirroring US deal volume trends. In Q3-23, 117 T&L deals closed globally, down 43.5% compared to Q3-22.
- As supply chains normalize, expanding market participants will look to integrate critical transportation and logistics operations vertically and acquire value-added T&L companies.
Read Transportation & Logistics M&A Pulse Q3 2023 Full Report
