Business Services Q2 2020

Q2 2020 Business Services

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Duff & Phelps Corporation
  • Stone Point Capital LLC; Further Global Capital Management, L.P.
  • $4,200.00
  • Associated Benefits and Risk Consulting, LLC
  • USI Insurance Services, LLC
  • $266.00
  • Center for Toxicology and Environmental Health, LLC
  • Montrose Planning & Permitting, LLC
  • $200.00
  • Nomura Greentech
  • Nomura Holdings, Inc.
  • $113.00
  • Entangled Solutions, LLC
  • Guild Education, Inc.
  • $80.00
  • Substantially all assets of ClearAg and Substantially all assets of ClearPath Weather of Iteris, Inc
  • Telvent DTN, LLC
  • $12.00
  • Benefits Administration, LLC
  • Harbour Benefit Holdings, Inc.
  • $8.00
  • TeamGlobal, Inc.
  • Undisclosed
  • $4.00
  • AOC Key Solutions, Inc.
  • PurpleReign, LLC
  • $4.00
  • RCM Technologies, Inc.
  • Undisclosed
  • $1.00

 

Source S&P Capital IQ as of 7/20/2020 and PCE Proprietary Data

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Contacts

Woody Whitcomb

Orlando Office

407-621-2113

Michael Poole

Orlando Office

407-621-2112

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

Data Assumptions

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.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. Isaac, Mike, et al. “Uber Buys Postmates for $2.65 Billion.” The New York Times, The New York Times, 6 July 2020.
  2. Kurth, Torsten, et al. “Signs of Rebound Forecast a New Era for Agriculture: BCG.” Https://Www.bcg.com, BCG, 14 May 2020.
  3. Patel, Kush. Accounting Services in the US, IBISWorld, June 2020.
  4. O'Connor, Claire. Waste Collection Services in the US, IBISWorld, June 2020.
  5. Zacks Equity Research. Staffing Industry Outlook Gloomy Amid Coronavirus Crisis, Nasdaq, 15 June 2020.
  6. Norton, Matt. “Weakening Pulse of Engineering Staffing Market.” Staffing Industry Analysts, SIA, 25 June 2020.
  7. "Online Job Ad Index Rises in June compared to May but Still Down Over Year."Staffing Industry Analysts, SIA, 15 July 2020.
  8. Mathews, Chris. “Waste Management Amends Multibillion-Dollar Acqusition Price, Finds Buyer for Assets.” Bizjournals.com, Houston Business Journal, 24 June 2020.

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