1、Transportation&Logistics M&A UpdateQ2 2025REPORT CONTRIBUTORSFor more information on R.L Hulett or this report please visit our website at ,call us at(314)721-0607,or contact a professional listed on this page.Trevor HulettManaging DRyan HartmanSenior AREPORT HIGHLIGHTS In Q2,the T&L Industry Index

2、increased by 9.2%,but was outperformed by a 10.2%increase in the S&P 500 over the same period.The median EV/EBITDA multiple for reported private equity deals decreased to 5.4x through 1H 2025 from 10.7x in 2024,but increased for strategic deals to 10.8x from 4.7x during the period.M&A deal volume in

3、 the T&L sector decreased 6.0%in Q2 to 235 deals from 250 in Q1,but increased 10.3%from 213 in Q2 of the prior year.Europe was the most active region in Q2 with 98 deals.Most notably in Europe was DSVs$15.9 billion acquisition of DB Schenker,a German provider of supply chain and freight management s

4、ervices for land,air,and water transportation,in April 2025.Total capital invested in M&A transactions increased 404.3%in Q2 to$23.7B from$4.7B in Q1 in large part from the DB Schenker deal mentioned above.CONTENTS3 Global Deal Analytics7 Valuation Multiples10 Leading M&A Deals13 Industry Outlook14

5、About R.L.Hulett16 Selected Transactions18 Our M&A TeamTransportation&Logistics M&A UpdateQ2 2025Dax KugelmanATransportation&Logistics M&A Update|Q2 2025|Page 3Source:PitchBook DataGlobal Deal AnalyticsOf the 235 deals in the T&L sector in Q2,Europe was the most active with 98.A notable European dea

6、l(in addition to the DB Schenker deal mentioned on the previous page)was A.P.Moller Holdings$1.4 billion acquisition of Svitzer,a Danish operator of a global network of ports and terminals,in May 2025.North America was the second most active with 88 transactions and all other regions combined for a