Andrew Lucano, left, and Moshe Berliner, right, of Seyfarth Shaw. Courtesy photos Exploring the Current State of Middle-Market M&A: Deal Term Trends and Emerging Optimism
After a turbulent 2023 characterized by high interest rates, persistent inflation, and geopolitical uncertainties that led to a sharp decline in deal volume and a cautious approach from buyers, 2024 has brought several positive developments that suggest a potential rebound.
October 28, 2024 at 08:00 AM
8 minute read
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As we progress through 2024, the middle-market mergers and acquisitions (M&A) sector is navigating a landscape marked by significant challenges alongside emerging signs of recovery. After a turbulent 2023 characterized by high interest rates, persistent inflation, and geopolitical uncertainties that led to a sharp decline in deal volume and a cautious approach from buyers, 2024 has brought several positive developments that suggest a potential rebound.
During 2023 and into 2024, amid a challenging M&A environment, private equity firms turned to lower middle-market add-on acquisitions as these smaller, strategic transactions allowed them to enhance their portfolios with reduced risk and cost compared to larger deals. This shift reflected a strategic adaptation to the economic conditions, laying a foundation for future growth.
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