EUR 115B
Logistics market 2024
Capittal
Menu
New website
Discover the renewed Capittal site: valuation calculator, opportunities and M&A insights for better prepared deals.
Sectors / Logistics
Logistics. Buyers, multiples and sector-specific value drivers.
Regional operators, transport, warehousing, fulfilment and last-mile services.
Sector focus
We do not apply a generic template. We adapt the narrative, buyer selection and price defence to the real logic of the sector.
+7%
Annual growth
5-8x
EBITDA multiple
1,1M
Sector employees
Market
Context before discussing multiples.
Logistics combines transport, 3PL, warehousing and last mile in a market where scale, route density, technology and recurring contracts make the difference.
Ecommerce and last mile sustain demand growth.
Driver scarcity and labour cost push consolidation.
Operators with TMS/WMS and operating data sell better.
A modern and sustainable fleet reduces future capex risk.
Drivers
What we review before speaking with buyers.
Fleet and capex
We read this driver with financial, operational and market data before approaching buyers.
Contracts
We read this driver with financial, operational and market data before approaching buyers.
Route density
We read this driver with financial, operational and market data before approaching buyers.
Labour cost
We read this driver with financial, operational and market data before approaching buyers.
Specialisation
Subsegments where the value reading truly changes.
Transport
Full truckload, groupage, regional transport and owned or subcontracted fleet.
- Fleet
- Routes
- Drivers
3PL operators
Integrated warehousing, picking, transport and value-added services.
- Contracts
- WMS
- Recurrence
Last mile
Urban distribution, parcels and ecommerce delivery.
- Coverage
- SLA
- Technology
Warehousing
Cross-docking, fulfilment, inventory and cold chain.
- m2
- Automation
- Occupancy
Sector method
What changes in a logistics mandate.
01
Operational analysis
Fleet, routes, occupancy, cost per shipment, margin by customer, contracts and network efficiency.
02
Asset due diligence
Fleet age, financing, licences, drivers, TMS/WMS systems and compliance.
03
Network synergies
Buyers with complementary routes, coverage, cross-selling or capacity to absorb volume.
FAQ
Frequently asked questions for this sector.
How is a logistics company valued?
Through EBITDA adjusted for contract quality, fleet, route density, margin by customer, technology and capex requirements.
What is the difference between transport and 3PL?
3PL usually has more recurrence, value-added services and technology, so it can achieve higher multiples than pure transport.
Who buys logistics companies?
Large operators, regional competitors, private equity platforms and groups seeking density or specialisation.