Transportation Sector Breakdown and More!
Week of July 19th LMM Highlights
Happy Friday! Before we get into this week’s lower middle market activity, we wanted to point out a report that Bridgepoint Investment Banking released on demand and M&A in the transportation sector. Here are some of the highlights from the report:
Trucking will continue to be a dominant industry with freight tonnage expected to grow more than 25% to 20.6bn by 2030
The transportation industry continues to rise due to a lift in the industrial economy, strong housing demand, continued inventory restocking, and a release of pent–up consumer demand
The bullish cycle isn’t expected to end until demand rolls over, either driven by an end to the restocking cycle or an economic recession – neither of which are on the near-term horizon
Van, Flatbed, and Reefer prices surge as cities around the nation resume normalcy following the reopening plans in the first half of 2021
The Midwest remained a transportation giant in 2020 with 40% of the truck registration compared to the lowest rate of 7% in the Northeast
Transportation demand is at a record high as inventory levels and costs continue to rise throughout the first half of 2021
In addition to economic factors and the effects of COVID-19 in the U.S., the challenges facing the transportation industry include driver shortages, regulatory pressures, industry disruption, and supply chain challenges
Check out the full report here. Now onto recent happenings in the lower middle market…
This Week’s LMM Activity
Trivest Partners and Lincoln Road Global Management partner with Brothers Paving & Concrete, an end to end service provider of asphalt, concrete, striping, and all related essential parking lot services and roadway maintenance
Dynamic Infusion Therapy - outsourced provider of vascular insertion services
Home Helpers Home Care - franchisor of customizable home care services
2nd Chance Treatment Centers - leading regional network of outpatient behavioral centers
HCI Equity Partners-backed JGB Enterprises expands into Canada with first add-on; JGB is a supply chain management and logistics service distributor of industrial hose, fluid power products, and hose assembly solutions
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