RL Hulett：2025年第一季度全球环境服务行业并购市场研究报告（英文版）（21页）.pdf

1、Environmental Services M&A UpdateQ1 2025REPORT CONTRIBUTORSFor more information on R.L Hulett or this report please visit our website at ,call us at(314)721-0607,or contact a professional listed on this page.Trevor HulettManaging DRyan HartmanSenior AREPORT HIGHLIGHTS In Q1,the NYSE Arca Environment

2、al Services Index increased by 3.5%and outperformed the S&P 500,which decreased by 4.4%over the same period.The median EV/EBITDA multiple for reported strategic deals in the Environmental Services sector decreased to 7.1x in Q1 from 15.0 x in 2024,and the median EV/Revenue multiple for strategic buy

3、ers decreased to 1.3x from 1.8x over the same period.M&A deal volume in the sector decreased 9.2%in Q1 to 129 deals from 142 in Q4 2024,and decreased 2.3%from 132 in Q1 of the prior year.As a%of total capital invested in M&A transactions,PE participation increased in Q1 to 98.2%from 31.2%in 2024.Nor

4、th America was the most active region in Q1 with 64 deals.Most notably in North America was Apollo Global Managements$5.5 billion acquisition of GFL Environmental,a Canadian provider of dry and liquid waste management services,in January 2025.CONTENTS3 Global Deal Analytics7 Valuation Multiples10 Le

5、ading M&A Deals13 Industry Outlook14 About R.L.Hulett16 Selected Transactions18 Our M&A TeamEnvironmental Services M&A UpdateQ1 2025Environmental Services M&A Update|Q1 2025|Page 3Source:PitchBook DataGlobal Deal Analytics5248123Of the 129 deals in the Environmental Services sector in Q1,North Ameri

6、ca was the most active with 64.A notable North American deal(in addition to the GFL Environmental deal mentioned on the previous page)was Parsons$36.0 million acquisition of TRS Group,an Indianapolis-based provider of thermal remediation services for the treatment of soils,groundwater,and bedrock,in