Strategic buyers continue to drive M&A activity
Based on the number of transactions, strategic buyers continued to be the most active buyer type in the first half of 2022. During these quarters, strategic buyers represented 99% of closed transactions with reported data.
The information technology segment was the most active during the first half of 2022, accounting for 35% of M&A deals announced. The telecommunication services and consumer discretionary segments accounted for the second and third largest categories for the period with 14% and 13% of transaction volume, respectively.
H1 2022 California middle market M&A transactions
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.