Resilience and transition in New England's M&A landscape
Baker Tilly Capital, LLC recently released their New England M&A update report, which highlights the middle market transactions in New England states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont in H1 2023.
Here are some key takeaways from the report:
- Middle market M&A activity in the New England region maintains a steady pace in H1 2023
- Closed transaction volume remains consistent, but aggregate disclosed values dip slightly compared to H2 2022
- A notable 40% decrease in transaction volume is observed when comparing H1 2023 to H1 2022
- The aggregate disclosed value for middle market M&A transactions in New England reaches $4.4 billion during H1 2023, marking a 21% decrease from H2 2022
- Strategic buyers continue to dominate the M&A landscape in the first half of 2023, representing a substantial 96.4% of closed transactions with reported data
In summary, H1 2023 showcases New England's resilience in the middle market M&A arena, with a stable transaction volume despite challenging conditions. The dominance of strategic buyers and the pronounced presence of healthcare, information technology, and industrial sectors emphasize the region's diverse economic landscape.