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Adapting to shifting tides: M&A trends unveiled

Baker Tilly Capital, LLC recently released their Pennsylvania M&A update report, which highlights the middle market transactions in Philadelphia and Central Pennsylvania in H1 2023.

Here are some key takeaways from the report:

  • 452 transactions closed in the region, matching H2 2022 in volume but masking a 30% decline in total deal value, revealing the impact of global economic uncertainties and Federal Reserve rate hikes
  • Similar to H2 2022, the consumer sector led M&A activity in the region 20.4% of total closed deals in H1 2023 followed closely by industrials and information technology
  • The median transaction size for middle market deals dropped to $36.1 million in Q2 2023 from $67 million in Q1 2023
  • SE Pennsylvania and Philadelphia areas remained central for M&A activity

Dig into our report

For an in-depth look at M&A activity in the Philadelphia and Central Pennsylvania region, download a copy of the Pennsylvania regional M&A update (Central PA and Philadelphia) H1 2023. The report includes:

  • Regional market activity
  • M&A activity by market segment
  • Transaction data 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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