M&A MARKET UPDATE December 2020 SE QUARTERLY REVIEW
Notable Trends in December 2020
For the month of December, deal count increased 55% after a decline in November. However, deal activity was down 14% compared to December 2019. Capital invested increased significantly compared to last month but was down about 57% year-over-year. Acquisitions of HD Supply by Home Depot and InSite Wireless Group by American Tower Corporation drove invested capital in December, comprising more than 82% of total capital investment in the Southeast. Median deal size for December 2020 was $100 million, a slight increase compared to last month, but a significant increase compared to $50 million in December 2019. The median EV/EBITDA multiple was 6.9x, a 35% decrease year-over-year.