M&A Quarterly Review — 4th Quarter 2021

Middle market M&A reached new highs in Q3 2021 Deal volume increased 20% to 14,228 during the trailing twelve months ended September Total deal value swelled 56% to $394 billion during the same period Valuation multiples expanded to 7.6x TTM adjusted EBITDA, beating the levels seen in the pre-pandemic period Debt and equity continue to […]

M&A Quarterly Review — 3rd Quarter 2021

M&A activity hit new highs in Q2 2021 Deal volume increased sharply in Q2 2021 driven by liquidity, low borrowing costs and seller interest Total middle market deal value continued to climb, making Q2 2021 a record quarter Valuation multiples rebounded in Q2 2021, returning to levels seen before the pandemic The availability of debt […]

M&A Quarterly Review — 2nd Quarter 2021

Buyers and sellers took a breath but activity remains steady M&A activity moderated but remained steady in Q1 2021 While deal volume declined on a sequential QoQ basis, activity remained in line with a year ago Total middle market deal value continued to climb in Q1 2021, setting a record for any first quarter Valuation […]

Banking Rules Affecting Interest Rates Are Changing

Here’s What You Need to Know The Secured Overnight Financing Rate (SOFR) is replacing the London InterBank Offered Rate (LIBOR) in the U.S. What Is the SOFR? SOFR is a benchmark that financial institutions use to price loans for businesses and consumers. The overnight financing part of its name references how SOFR sets rates for lenders. […]

M&A Quarterly Review — 1st Quarter 2021

Optimism builds as the light at the end of the pandemic grows brighter The M&A market continued to rally during Q4 2020 Deal value and volume surged in Q4 2020, powering 2020 past 2019 in terms of full year activity Total deal value during the three months ended 12/31/20 was the highest on record Valuation […]

2021 M&A Outlook — Virtual Roundtable Hosted by Axial

Matt Miller participated in Axial’s first event of 2021, in which 10 lower middle market deal professionals sat down (via Zoom) for a discussion on what to expect in the year ahead. Topics of conversation included deal structures, debt markets, and the shift to virtual. Participants also provided insights on how to get deals done […]

M&A Quarterly Review — 4th Quarter 2020

Recent bounce back in M&A activity is likely to continue in 2021 The M&A market rallied during Q3 2020 Deal value and volume rebounded sharply in Q3 2020, but still lagged the previous year on a TTM basis Total deal value during the nine months ended 9/30/20 was the lowest since 2013 Valuation multiples fell […]

Innovative Medical Systems acquired by Illinois electronic security firm (MiBiz)

By MiBiz Staff Convergint Technologies LLC in Schaumburg, Ill., has acquired Grand Rapids-based Innovative Medical Systems Inc., a reseller of acute care and technical products for hospitals. The deal will “further deepen and expand Convergint’s presence within the health care market in the United States,” according to an announcement on the transaction. Terms of the […]

M&A deals for distressed companies expected to pick up in months ahead (MiBiz)

By Mark Sanchez (MiBiz) The COVID-19 pandemic that slammed the economy this spring could generate more M&A deals in the months ahead. Sales involving distressed companies, asset sales and even liquidations could rise toward the end of the year and into 2021, according to M&A and turnaround professionals. They describe a landscape nearly eight months […]

M&A Quarterly Review — 3rd Quarter 2020

Middle Market M&A volume and value contracted but top performers hung on to high valuations Deal volume and value have been trending downward during 2020, a development exacerbated by COVID-19 Total value contracted sharply in 2Q20, reaching only $98.9 billion, or less than half of the previous quarter’s value Valuation multiples remained unchanged in 1Q20 […]