Sep 1, 2021

Domestic Marine Services – September 2021

Strategic Buyers Lead Strong Return of 2021 Domestic Marine M&A Activity

Capstone Partners released its Domestic Marine Services September 2021 Industry Update reporting that the resurgence of strategic & financial buyers has contributed to an extremely active merger and acquisition (M&A) environment with frothy valuations. Compared to a quiet first half of 2020, M&A volume within the space has seen a resurgence with nine deals closing through August 6th, 2020 compared to 17 deals during the same period in 2021. The number of deals is projected to near 2019 levels by year end.

Notably, technology-enabled services are becoming increasingly prevalent in the Marine industry, with automation being a key focus area. Marina and shipyard managers have been looking to marina management software to automate tasks and save resources that can be invested elsewhere. The interest in digitization is supported by a recent surge in venture-backed capital raises, with investors sharing the belief that this software will be a major disruptor for the Marine industry.

Also included in this report:

  • How COVID-19 has created a tidal wave of M&A activity with deal volume up 78% across the middle market.
  • Key macro trends that are driving deal activity.
  • Which buyers have come back to the table and are hungry for deals in Q3.
  • Why financial buyers are willing to pay premiums for marine technology companies.

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