2021 Year End M&A Update
In this issue of Mercer Capital’s Middle Market Transaction Update, we take a look back at the trends that drove middle market deal activity to record levels in 2021 and whether we expect these trends to continue into 2022. Heavy competition for deals in the middle market resulted in high levels of activity and elevated valuation multiples. Despite these high multiples, widespread liquidity, ease of financin , and elevated levels of private equity activity boosted overall activity in the middle market in 2021. We go into further detail regarding these trends in the sections below and provide some outlook for these trends in 2022.
Also in This Issue
U.S. Deal Value & Volume
EBITDA Multiples
EBITDA Multiples by Buyer Type
U.S. Deal Volume by Industry
Debt Multiples
Number of Deals by Buyer Type