Growth for Contactless Payment Processing
The coronavirus has forced companies to rethink critical business aspects such as point of sale technology. Increased anxiety concerning the spread of the virus is shifting consumer behavior and is driving companies towards contactless payment systems. While leading smartphone payment system players like Apple, Alphabet and Mastercard will be early beneficiaries, the acceleration of this form of payment will drive faster adoption across the U.S business infrastructure.1
Recruiting Platforms and Services Looking to Pivot
Recruitment and staffing companies are looking to AI machine-learning algorithms to find patterns and match candidates with companies to make up for the disadvantages of virtual interviews and recruitment events. As the effects of the coronavirus are monitored, companies are starting to view AI as a value-add to close the virtual recruitment gap. Recruitment companies will need to remain flexible and actively invest in technology to withstand any long-term market impacts that may arise from extended shelter-in-place orders.2 3
Establishing Proper Decontamination Procedures for Businesses and Farms
Environmental consultants are urging companies and farms to take proper measures when it comes to decontamination. The COVID-19 virus is spreading at an alarming rate and can go unnoticed for days while contaminating the environment. Having an environmental consultant will become extremely helpful in containing this virus and limit the spread across facilities and farms. Environmental consultants can expect increased opportunities as corporations seek advisors for decontamination services related to critical care and commercial buildings.4
Moody's Completes $700 Million Acquisition
Moody’s Corporation announced in January the acquisition of Regulatory DataCorp (RDC). Through this acquisition, Moody’s was able to deepen both its analytical capabilities and its information portfolio. Recent advancements in technology and automation has increased the competitive landscape, which is driving Moody’s to ensure it can continue to meet the rising global demand of identifying and preventing counterparty risk.5 6 7
Potential Consolidation Among Waste Management Companies
Deemed an essential business, most waste management businesses have outperformed the stock market during the pandemic. While the pace of M&A has slowed down as a result of the coronavirus, future acquisitions are expected to occur as burdened companies fold due to regional shelter-in-place guidelines. The duration of the current market environment and the speed of recovery will drive the number of consolidations.8
Largest Transactions Closed
- Regulatory DataCorp, Inc.
- Moody's Corporation
- County Waste, LLC
- GFL Environmental Inc.
- American Waste, Inc.
- GFL Environmental Inc.
- Business and Asset of Corporate Creations Enterprises LLC
- Computershare Limited
- PolyVision Corporation
- Industrial Opportunity Partners, LLC
- Research and Development Facility in Philadelphia, United States
- Rasmala Investment Bank Ltd., Asset Management Arm
- Sourcecorp TBG, L.P.
- Gainline Capital Partners LP
- Interurban Capital Group, Inc.
- Harvest Health & Recreation Inc.
- Compliance Background Screening Business of Verisk Analytics, Inc.
- Mindcrest, Inc.
- DWF Group plc
This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.
EBIT - Earnings Before Interest and Taxes