BUYER POOL ANALYSIS
Selling a Trucking to Private Equity / PE-Backed Roll-Up buyers
Private equity firms and PE-backed platform consolidators acquiring for roll-up, add-on, or platform plays. Pricing tends to lead the market for fee-viable scale, with multi-bidder competitive processes above the EBITDA floor.
Quick answers
- What multiple does this buyer pool pay?
- Median EV/EBITDA 5.27x across 6 disclosed deals (P25: 3.67x, P75: 7.38x). Median EV/Revenue 1.02x across 11 deals. Median deal value: $255.7M.
- How many disclosed transactions?
- 12 deals total (12 from 2018+), filtered to Private Equity / PE-Backed Roll-Up acquirers of trucking businesses.
- Most active buyers
- Heartland Express, Inc. (2) · Kelsian Group Limited (1) · Blue Horizon Partners, Inc. (1) · G Squared Equity Management LP (1) · ID Logistics Group SA (1) · HG Vora Capital Management, LLC (1)
Recent disclosed deals
Private Equity / PE-Backed Roll-Up acquisitions of trucking businesses with named target, named acquirer, and disclosed financials.
| Year | Target | Acquirer | EV | EV/EBITDA | EV/Rev |
|---|---|---|---|---|---|
| 2023 | All Aboard America! Holdings, Inc. | Kelsian Group Limited | $351.0M | 6.9x | 1.69x |
| 2023 | Patriot Transportation Holding, Inc. | Blue Horizon Partners, Inc. | $64.0M | 5.5x | 0.64x |
| 2023 | Turo Inc. | G Squared Equity Management LP | $67.5M | 61.2x | 3.47x |
| 2022 | Kane Logistics, Inc. | ID Logistics Group SA | $240.0M | — | 1.02x |
| 2022 | Ryder System, Inc. | HG Vora Capital Management, LLC | $11180.4M | 3.8x | 1.13x |
| 2022 | Transportation Resources, Inc. | Heartland Express, Inc. | $525.0M | 5.0x | 0.88x |
What this buyer pool prices for
Private equity acquirers price for scale and roll-up arbitrage. They pay up for businesses that fit a platform thesis — recurring revenue mix above 30%, technician/professional depth, clean financials, and a management layer that survives integration. The same trucking can command 1.5x to 2x the multiple of an individual-buyer transaction simply because the PE buyer is acquiring a platform piece, not an owner-operated shop.
Methodology note
Multiples shown are computed from disclosed M&A transactions in the ExitValue.ai database, filtered to trucking businesses acquired by private equity / pe-backed roll-up buyers. EV/EBITDA outliers outside the [0.5x, 60x] band and EV/Revenue outliers outside [0.05x, 25x] are excluded from medians. Where available, post-2018 transactions are weighted; otherwise the all-time sample is used. Deal counts shown reflect deals with disclosed financials only — total transaction count for this buyer pool is typically 2-3x larger. Full methodology
What's your trucking worth to private equity / pe-backed roll-up?
Get an instant valuation range for your business. Backed by 25,592 real M&A transactions.
Engine-grounded estimate. Comparable private equity / pe-backed roll-up deals on the full results page.