M&A MARKET UPDATE JULY 2020 SOUTHEAST MONTHLY REVIEW
Notable Trends in July 2020
For the month of July, deal count decreased 8% after a rise in deal activity in June. Additionally, deal activity was down 16% compared to July 2019. Capital invested decreased by 95% year-over-year and 31% compared to last month. The majority of July’s capital invested was attributed to the acquisitions of Collins Aerospace and Ironman by BAE Systems and Advance Publications, respectively. The two acquisitions comprised 87% of capital investment in the Southeast. Median deal size stood at $84 million – an increase from both July 2019’s amount of $49 million and last month’s amount of $37 million. The EV/EBITDA multiple for July was 12.3x, a 56% increase compared to last year.
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