Illinois continues to lead region in M&A activity
Illinois again had the most transaction activity in H1 2022, with a total of 15 transactions. This follows a similar trend from H2 2021. Ohio and Minnesota followed with nine and seven, respectively. Indiana had six deals closed in H1 2022.
Based on number of closed transactions, strategic buyers continued to be the most active buyer type in the first and second quarters of 2022 in the Great Lakes region.
The information technology and consumer discretionary segments were the most active during the first half of 2022, accounting for 20% and 18% of M&A deals announced, respectively. The energy, healthcare, financial and industrial segments accounted for the third, fourth and fifth largest categories for the period.
H1 2022 Great Lakes 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.