Dealert Deals Highway Operators
Niche · Highway Operators

Recent Highway Operators M&A deals

Specific niche view of the structured sector hierarchy. Useful for precedent work where broader sector slices include too much noise.

Deals in this slice
86
Public & account-only records combined
Year range
2026
Across the visible recent transactions
Shown below
10
Up to 10 recent records, newest first
Account benefit
Full
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Recent transactions

Public snapshots in Highway Operators

Target Buyer / Investor Sector Geo Transaction size EV / EBITDA
ACP Tollways Private Limited APCO Infratech Private Limited, other individual buyers Highway Operators $6.7M 7× – 10×
Suxichang Southern Expressway Company Ninghu Expressway Highway Operators $73.4M 8× – 11×
Conduent Public Transit business, Conduent Tolling business Modaxo, Quarterhill Inc. Highway Operators $234M 13× – 16×
Fulton Hogan Egis Operations & Maintenance Pty Ltd Egis Highway Operators $20.4M – $27.6M 6× – 8×
Conduent Tolling business Quarterhill Inc. Highway Operators $70.0M 4× – 6×
Safeway Concessions VINCI Highways Highway Operators $1,700M – $1,900M 11× – 13×
Atlas Arteria Limited IFM Highway Operators $3.1M 14× – 17×
Safeway Concessions portfolio VINCI Highways Highway Operators $1,700M – $1,900M 11× – 13×
portfolio of toll roads in India VINCI Highways Highway Operators $1,600M 14× – 16×
National Highways Infra Trust Kohlberg Kravis Roberts & Co Highway Operators $218M 12× – 14×
Showing 10 of 86 records in this slice. Create a free account for the full view.
Valuations

Valuation multiples in Highway Operators

Bins are observed deal frequencies across disclosed transactions. Use as a directional reference, not a target valuation.

Mature companies

EV / EBITDA

7.5×
2
8.0×
2
8.5×
2
10.0×
2
10.5×
3
11.0×
4
11.5×
1
12.0×
3
12.5×
1
13.0×
1
Mean
10.54×
Median
10.95×
P25
8.95×
P75
11.60×
P90
12.30×

EV / EBIT

10.0×
2
10.5×
1
11.5×
1
12.0×
1
12.5×
3
13.5×
2
14.0×
2
14.5×
1
15.0×
3
15.5×
2
16.0×
1
16.5×
1
19.0×
1
Mean
13.95×
Median
14.15×
P25
12.64×
P75
15.38×
P90
16.43×

EV / Revenue

0.8×
1
2.0×
1
2.3×
1
2.5×
2
3.0×
2
3.5×
4
4.0×
2
4.3×
1
4.5×
2
5.0×
1
5.3×
2
6.0×
1
7.0×
1
Mean
3.91×
Median
3.72×
P25
3.00×
P75
4.71×
P90
5.35×

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