M&A Quarterly News In The Business Services Industry Sector

M&A Quarterly News In The Business Services Industry Sector

By Brad Purifoy

February 28, 2020

The report below gives a good overview of the first quarter M&A activity in the Business Services Industry Sector. M&A activity for North American based target companies in the Business Services sector for Q4 2019 included 773 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions in the sector was announced in December when NV5 Global, Inc. acquired Quantum Spatial, Inc., a portfolio company of Arlington Capital Partners LLC, for US$318 million in cash. NV5 Global engages in the provision of professional and technical consulting and certification solutions for the public and private sectors. Quantum Spatial is the largest full-service geospatial solutions provider in North America.

Industry Indicators

  • US corporate profits, an indicator of corporate demand for business services, fell 0.8% in the third quarter of 2019 compared to the same period in 2018.
  • The value of US nonresidential construction spending, a driver for business services demand, rose 2.2% year-to-date in October 2019 compared to the same period in 2018.
  • Total US revenue for administration and support and waste management and remediation services rose 1.2% in the third quarter of 2019 compared to the previous year.

Posted by Brad Purifoy.

Read the Entire Business Services 1st Quarter Newsletter Here