In the North American retail, wholesale & foodservice industry, there were 161 M&A deals announced in Q1 2023, worth a total value of $3bn, according to GlobalData’s Deals Database. The $2.1bn acquisition of uni-select by lkq was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Foodservices Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

In value terms, M&A activity in North America decreased by 92% in Q1 2023 compared with the previous quarter’s total of $37bn and rose by 47% as compared to Q1 2022. Related deal volume decreased by 6% in Q1 2023 versus the previous quarter and was 15% lower than in Q1 2022.

The top-ranked financial advisors supporting these M&A deals in North America in Q1 2023 were Stifel Financial; Performance Brokerage Services; Bank of Montreal with 3, 2, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in North America Q1 2023 were Fasken Martineau DuMoulin; Ellenoff Grossman & Schole; McCarter & English with 4, 2, 2 deals respectively.

For further understanding of GlobalData's Foodservices Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.

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