In the second half of 2021, California middle market M&A activity continued its positive trend seen in the first half of the year as businesses become more comfortable in a post-pandemic business environment. While the fourth quarter saw some receding activity, M&A activity in H2 2021 was largely positive with:
Number of closed transactions (1)
Source: S&P Capital IQ
(1) Includes only transactions with disclosed enterprise value between $10 million and $1 billion.
The information technology sector continued its lead in number of closed transactions in H2 2021, accounting for a significant 33% of deals. Coming in at a distant second and third were the healthcare and consumer discretionary segments with 16% and 14% of transaction volume, respectively.
Number of transactions by industry sector (1) (2)
Source: S&P Capital IQ
(1) Includes only transactions with disclosed enterprise value between $10 million and $1 billion.
(2) Percentages may not total 100% due to rounding.
(3) “Other” accounted for 3% of total transactions.
Baker Tilly Capital professionals develop mergers and acquisitions (M&A) updates in different industries and regions. These reports provide an overview of M&A activity, including:
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