The M&A window of opportunity is wide open
The bigger the better, on merit
Maersk will double its North American warehousing and distribution capacity with the acquisition of US firm Performance Team in a deal valued at $545m – a figure that includes some $225m of warehouse lease liabilities.
The takeover will see Maersk’s North American warehouse portfolio leap from 22 sites with a combined area of 563,000 sq metres to 46 sites and 1.36m sq metres.
Last year, California-based Performance Team turned over $525m, with adjusted ebitda of $90m, offering end-to-end supply chain solutions across ...
Comment on this article
Andreas Koût
February 21, 2020 at 3:05 pmWell, if you aware of the start of the talks and when materialized this is +1 year and
some months , if you tehn goon the transaction sum -assets leased and liabilities out of these you are coming to a Multiply of +10 .
In no case a cheap acquisition ,looks out the pressure for showing something up in the US was high enough to put this amount on the table
regards
A.KOut