Private equity investors have exited 151 transportation companies based in the U.S. or Canada since the beginning of 2005, according to the PitchBook Platform. Investors have used all modes of transportation in search of healthy returns, but automotive/road-related deals have driven most of the exit activity in the timeframe (67%). Exits in the air segment accounted for 14%, and marine and rail each accounted for 6% of all of the exits. Many investors handed the keys to their portfolio companies over to strategic acquirers via corporate acquisitions, as the exit strategy accounted for 46% of the activity. About another 42% went to fellow PE firms (secondary buyouts), and 12% were handed over to the public markets through IPOs.
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