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Middle market deals decline in California

Baker Tilly Capital, LLC recently released their California M&A update report, which highlights the middle market transactions in the region in H2 2022.

Here are some key takeaways from the report:

  • Middle market M&A activity in California continued to decline in H2 2022, with a 13% decrease in the number of closed transactions and a 32% decrease in the aggregate disclosed value of completed transactions compared to H1 2022. This decline was also significant when compared to H2 2021 and the five-year look-back period
  • Reported average enterprise value / Revenue multiples ticked up in H2 2022 compared to H1 2022 and the broader five-year look-back period, while average enterprise value / EBITDA multiples decreased slightly
  • Strategic buyers were the most active buyer type in H2 2022, representing 98% of closed transactions with reported data
  • Four industries - information technology, consumer discretionary, industrials and healthcare - accounted for approximately 80% of the California middle market M&A transaction during H2 2022

Dig into our report

For an in-depth look at M&A activity in the California, download a copy of the regional M&A update: H2 2022. The report includes:

  • Regional market activity
  • M&A activity by market segment
  • Transaction profiles for middle market M&A activity
  • Buyers and targets by location
  • Transactions by industry sector
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Mergers and acquisitions reports

See more M&A reports

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:

  • M&A activity by market segment
  • Transaction data for middle market M&A activity
  • Buyers and targets by location
  • Notable transactions closed during the period of the report
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