After a quiet first half of the year, M&A activity in Philadelphia and Central Pennsylvania rebounded significantly during the second half of 2020, driven by:
A total of 419 transactions closed in the Philadelphia and Central Pennsylvania regional markets during the second half of 2020 (H2 2020), up from the 281 closed transactions in the first half of the year. These transactions also marked a solid 24.7% increase from the 336 closed transactions during the same period in 2019.
In Q4 2020, M&A activity in Philadelphia and Central Pennsylvania experienced a substantial increase over the first three quarters of the year. This mirrored the trajectory of the U.S.’s overall M&A markets – with a total transaction value of $336.3B in the quarter, representing a 95.7% increase over Q3 2020 and total transactions with reported values increasing from 556 in Q3 2020 to 645 in Q4 2020.
Although the Consumer sector narrowly led the Philadelphia and Central Pennsylvania M&A activity, comprising 20% of the total deals closed, the largest transactions were in the healthcare sector.
Source: S&P Capital IQ (February 2021)
For an in-depth look at M&A activity in the Philadelphia and Central Pennsylvania region, download a free copy of Pennsylvania (Central PA and Philadelphia) regional M&A update: H2 2020. The report includes: