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    Business Services Q2 2020

    Q2 2020 Business Services

    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

    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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