1、Industry InsightsFood and Beverage M&A LandscapeFall 2022M&A Market OverviewM&A Market OverviewRecent North American M&A Activity by SubsectorPublic Company Trading MultiplesAbout Our Food and Beverage Corporate Finance PracticeSelect Recent Transactions2512184M&A deal activity in the food and bever

2、age space slightly declined in Q3 2022,with 13 fewer transactions than the previous quarter.There were 322 deals closing over the trailing 12-month(TTM)period,ending September 30,2022,a decrease of 59 transactions year-over-year.Transaction volumes in Q3 2022 were lower than the previous year,with 7

3、1 deals announced compared to 97.Q3 2022 marks the ninth consecutive quarter with over 70 deals announced in the North American food and beverage space.Q3 2022 saw several North American deals in the specialty-pet and ingredients spaces.Notable transactions within these areas include Colgate-Palmoli

4、ve Companys acquisition of several dry pet-food facilities from Red Collar Pet Foods and Benford Capital Partners investment in Gum Products International.Kroll acted as the exclusive financial advisor to the shareholders of Gum Products International.Please see page 4 for more details.Alcoholic bev

5、erages,nonalcoholic beverages,better-for-you,general and ingredients categories were the most active in terms of deal volume,representing 69%of total transactions in the quarter.M&A activity in the food and beverage sector in TTM September 2022 is still predominately driven by strategic buyers(inclu

6、ding companies primarily owned by private equity investors),with strategic transactions representing 81%of total deal volume.Of the 348 deals closed over TTM September 2022,242(75%)were completed by privately owned buyers.A variety of macroeconomic factors has led to a slight decrease in Q3 2022 dea