Metal forming M&A activity continues at a strong pace, driven by abundant equity capital, accommodating credit markets, favorable growth trends in many end markets, and sector consolidation strategies. Strategic buyers, on the one hand, and sellers serving multiple end markets, on the other, continue to dominate transaction volume.
The outlook for North American metal forming end markets remains varied, which is reflected in public company and transaction valuation metrics. While public company valuation multiples for some end markets remain near five-year market performance highs (building/infrastructure and medical), others have cooled off or remain relatively subdued.
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