Transportation and Logistics

The report observed that T&L dealmaking activity gained renewed traction over the second half of this year, with buyers prioritizing strategic alignment over scale. And it added that acquirers focused on subsectors offering defensible growth, operating efficiency, and exposure to high-barrier markets, with activity across what the firm called the full value chain, ranging from infrastructure to asset-light platforms, coupled with capital allocated for things like technology modernization, resilient supply chains, and specialized logistics services.