Merger and Acquisition Activity Heats Up in Trucking
TORONTO — After several slow years, merger and acquisition activity is on the rise again in the Canadian trucking industry, according to PwC’s Capital Markets Flash, a provider of tax, consulting and deals services.
“We’re seeing companies become increasingly aggressive, not taking no for an answer as hostile activity heats up,” said Nicolas Marcoux, national deals leader, PwC.
“Valuation is high in a ‘risk-on’ environment, as corporate and private equity buyers search for growth and value creation opportunities,” Marcoux said.
And it’s not just trucking. Canada had a quiet first quarter (Q1), but the merger and acquisition market accelerated in the second quarter (Q2) of 2014.
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