RL Hulett：2026年第一季度全球工业领域并购市场研究报告（英文版）（22页）.pdf

1、Industrials M&A UpdateQ1 2026For 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.Industrials M&A UpdateQ1 2026REPORT HIGHLIGHTS In Q1,the S&P 500 Industrials Index increased by 4.1%,and outperformed a 4.

2、6%decrease in the S&P over the same period.The median EV/EBITDA multiple for reported private equity deals in the Industrials sector increased to 18.7x in Q1 2026 from 9.0 x in 2025,but decreased for strategic deals to 10.2x from 10.9x in the prior year.M&A deal volume in the sector increased 10.0%i

3、n Q1 to 583 deals from 530 deals in Q4,and increased 33.4%from 437 deals in Q1 of the prior year.Europe was the most active region in Q1 with 244 deals in the sector.Most notably in Europe was Apollo Global Managements$2.3 billion acquisition of Kelvion,a German-based manufacturer of industrial heat

4、 exchangers.Total capital invested in M&A transactions increased 145.3%in Q1 to$93.7B from$38.2B in Q4,primarily due to Toyota Motors$37.4 billion acquisition of Toyota Industries,an automotive components and industrial equipment supplier.REPORT CONTRIBUTORSCONTENTS3 Global Deal Analytics7 Valuation

5、 Multiples10 Leading M&A Deals13 Industry Outlook14 About R.L.Hulett16 Selected Transactions18 Our M&A TeamTrevor HulettManaging DRyan HartmanADax KugelmanAIndustrials M&A Update|Q1 2026|Page 3Source:PitchBook DataGlobal Deal Analytics2012448967Of the 583 deals in the Industrials sector in Q1,Europe

6、 was the most active with 244.A notable European deal(in addition to the Kelvion deal mentioned on the previous page),was Leonardos$2.0 billion acquisition of Iveco Defense Vehicles,an Italian manufacturer of aerospace and defense vehicles.North America was the second most active with 229 transactio