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M&A activity in New England

Baker Tilly Capital’s New England regional M&A report shows activity in the region returned to pre-pandemic numbers in 2021. The stable activity slightly pulled back in Q1 2022 but picked up in Q2 falling in line with 2021:

  • A total number of 34 transactions were announced in Q2 2022 an increase compared to 13 transactions in the first quarter
  • The aggregate disclosed value of M&A transactions in H1 2022 totaled $11 billion, a slight decrease from $11.6 billion in H2 2021 and an 8% year-over-year decrease from H1 2021
  • The second quarter of 2022 saw the highest number of deals since Q4 2017

New England middle market M&A transactions
Number of closed transactions (1)

Number of closed transactions New England H1 2022

Source: S&P Capital IQ
(1) Includes only transactions with disclosed enterprise value between $10 million and $1 billion.

New England middle market M&A transactions
Aggregate value of closed transactions (1)

Aggregate value of closed transactions - New England h1 2022 M&A

Source: S&P Capital IQ
(1) Includes only transactions with disclosed enterprise value between $10 million and $1 billion.

Strategic buyers continue to drive M&A activity

Based on number of announced transactions, strategic buyers continued to be the most active buyer type in the first and second quarter of 2022. During these quarters, strategic buyers represented all but one of the announced transactions.

The information technology segment continued to be the most active during the first half of 2022, accounting for 40% of M&A deals closed. The healthcare and consumer discretionary segments accounted for the second and third largest categories for the period, with 22% and 13% of transaction volume, respectively.

H2 2021 New England middle market M&A transactions
Number of transactions by industry sector (1) (2)

New England M&A H1 2022 Number of transactions by industry sector

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.

Get the full picture

For an in-depth look at M&A activity in New England, download a copy of the New England M&A update H1 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
  • Notable transactions closed during H1
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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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