Middle market M&A in the Great Lakes: a look at the latest trends and transactions

Baker Tilly Capital, LLC recently released their Great Lakes M&A update report, which highlights the middle market transactions in the Great Lakes states of Illinois, Indiana, Michigan, Minnesota, Ohio or Wisconsin in H2 2022.

Here are some key takeaways from the report:

Middle market M&A activity increased in the Great Lakes region compared to H1 2022, with 63 reported closed transactions and an aggregate disclosed value of $13.3 billion

However, activity decreased compared to H2 2021, with a 29% decrease in the number of closed transactions and a 27% decrease in aggregate disclosed value

Average disclosed EV/Revenue multiples decreased by 20% in H2 2022 relative to H1 2022, while average disclosed EV/EBITDA multiples remained consistent

Illinois had the most activity in the region, followed by Minnesota and Ohio, while Indiana and Wisconsin had the fewest deals close

Strategic buyers represented 100% of closed transactions with reported data in Q3 and Q4 2022

The top five industries driving middle market M&A transactions in the Great Lakes region during H2 2022 were industrials, healthcare, financials, information technology, and consumer discretionary

Great-Lakes-H2-2022-M&A-report.pdf

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

Transaction profiles for middle market M&A activity

See reports for different industries and regions

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:

Transaction data for middle market M&A activity

Notable transactions closed during the period of the report

To view more on this topic or learn how Baker Tilly specialists can help, contact our team.

Baker Tilly Capital, LLC social media disclaimer

Baker Tilly Capital, LLC’s Great Lakes regional M&A report provides a recap of middle market transactions with the target company located in any of the Great Lakes states of Illinois, Indiana, Michigan, Minnesota, Ohio or Wisconsin.

Illinois businesses can’t stand still. The Baker Tilly team is committed to helping forward-looking, strategic enterprises achieve growth and economic vitality.

Baker Tilly is here for Chicago’s advisory, tax and assurance needs. We specialize in real estate, technology, private equity, financial services, risk advisory, financial service and manufacturing.

Baker Tilly Illinois | Baker Tilly  |  Advisory, Tax and Assurance

Protecting and enhancing clients’ value with our industry specialization and geographic expertise.

Baker Tilly's Michigan offices are here to serve you, specializing in manufacturing, automotive, construction, real estate, small business, not-for-profit, professional services, retail and public sector advisory.

Baker Tilly Michigan | Baker Tilly  |  Advisory, Tax and Assurance

Our team members in Minnesota are widely recognized as leaders in their communities, bringing with them a deep understanding of the local landscape. We place a strong focus on protecting and enhancing our clients' value through industry specialization and our extensive geographic expertise.

Started in Wisconsin in 1931, Baker Tilly has deep roots having served as an advisory, tax and assurance provider for more than 90 years in the Badger State.

Baker Tilly Wisconsin | Baker Tilly  |  Advisory, Tax and Assurance

From private equity firms and their portfolio companies to family office, Baker Tilly leverages industry knowledge and operational experience to offer clients value from the fund level down through the entire portfolio.

private-equity-hero-video.mp4

Baker Tilly works with clients on mergers, acquisitions, capital sourcing and markets, project finance, due diligence, valuation and transactions

Baker Tilly works with clients on mergers, acquisitions, project finance, due diligence, valuation, capital markets, capital sourcing, and everything around a business transaction. 

transaction-hero-video.mp4

At Baker Tilly Capital, we realize the challenges middle market business owners face as they decide to grow, finance, or exit their business.

At Baker Tilly Capital, we realize the challenges middle-market business owners face as they decide to grow, finance, or exit their business.

Middle market business owners, investors and corporations rely on our sell-side, buy-side and financing solutions to execute their growth strategy.

Middle-market business owners, investors and corporations rely on our sell-side, buy-side and financing solutions to execute their growth strategy.

Baker Tilly’s transaction advisory services team provides straightforward advice to clients on every critical business decision before, during and after a transaction.

Our transaction advisory team focuses on your deal needs. Whether it is a sale, buyout, carve-out or refinancing, our team can support your process every step of the way.

Great Lakes regional M&A update: H2 2022

Middle market M&A in the Great Lakes: a look at the latest trends and transactions

Get the full picture

Download the full report

See more M&A reports

Contact us

Related sections

Article Tags

The future of payroll