The report below gives a good overview of the first quarter M&A activity in the Consumer Retail Industry Sector. M&A activity for North American based target companies in the Consumer and Retail sector for Q4 2019 included 149 closed deals, according to data published by industry data tracker FactSet.
One of the notable lower middle market transactions was announced in November when RV Retailer LLC, a portfolio company of Redwood Capital Investments LLC, acquired Ocean Grove RV Sales, Inc. of St Augustine for an undisclosed amount. The acquisition would enhance and expand the business portfolio of RV Retailer in Florida. Ocean Grove RV Sales is located in Florida and retails new and used recreational vehicles.
Industry Indicators
- Total US consumer spending, an indicator of retail sales, rose 1.3%, primarily from services expenditures, in October 2019 compared to the same month in 2018.
- Total US retail sales, a measure of the retail sector, increased 3.4% in the first eleven months of 2019 compared to the same period in 2018.
- US personal income, which drives consumer nonstore retail spending, rose 4.4% in October 2019 compared to the same month in 2018.
- US retail sales for nonstore retailers, a measure of demand, increased 12.1% in the first eleven months of 2019 compared to the same period in 2018.
Posted by Joe Sands.