Alabama M&A Activity Q2 2020

By: Wesley Legg

According to Capital IQ and Founders proprietary sources, there were an estimated 57 transactions involving Alabama companies completed in the second quarter of 2020, which is 46% less than the number of transactions in the second quarter of 2019. M&A and private placement activity was down 52% quarter over quarter. The slowdown is attributed to a slowdown in M&A due to COVID-19 shutdowns and concerns. Transaction activity in the Alabama market is diverse with Consumer, Industrials, and Information Technology representing the top three sectors by volume. Most of the transactions completed in the second quarter of 2020 were sub $20 million in enterprise value, however there were several larger transactions, most notably the acquisition of AFS Foundation & Waterproofing Specialists by Groundworks Companies for approximately $176 million.