M&A · Industrials · Services-Business Services, NEC
GXO Logistics, Inc. to acquire Pfsweb Inc
Announced Sep 14, 2023 · Closed Oct 23, 2023
Deal value$181MEV $142M
Premium50.0%To unaffected price
EV / Adj. EBITDA—0.5x EV / Revenue
ConsiderationAll cash$7.50 per share
Transaction
- Acquirer
- GXO Logistics, Inc. (GXO)
- Target
- Pfsweb Inc (PFSW)
- Buyer type
- Strategic
- Offer price per share
- $7.50
- Enterprise value
- $142M
- Status
- Closed Oct 23, 2023
Deal protections
- Break fee (target pays)
- $6.0M · 3.3%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Goldman Sachs
- To the target
- Raymond James
Sector context · Industrials
- Comparable deals
- 73 in the prior 24 months
- Premium
- 50.0% vs. 47.1% sector median
- EV / Adj. EBITDA
- Sector median 11.0x
- Break fee
- 3.3% vs. 2.8% sector median
Timeline
- AnnouncedSep 14, 2023
- Tender offerSep 21, 2023
- ClosedOct 23, 2023