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Pennsylvania regional M&A update: H2 2022

May 17, 2023

Navigating economic uncertainty: H2 2022 M&A trends in Pennsylvania

Baker Tilly Capital, LLC has issued a report on the state of middle market mergers and acquisitions (M&A) in Philadelphia and Central Pennsylvania in H2 2022. The report highlights a slight increase in the number of closed transactions in H2 2022 compared to H1 2022, but a 20% decrease from the same period in 2021.

Here are some key takeaways from the report:

  • The consumer sector led M&A activity in the region, followed by healthcare and information technology sectors
  • The median transaction size for middle market deals in Q4 2022 increased compared to Q3 2022
  • The largest number of buyers and targets were located in SE Pennsylvania and Philadelphia areas
  • The report notes continued investor demand offset by global economic uncertainty and rate hikes by the US Federal Reserve which put a significant premium on the cost of capital for investors reliant on debt to finance their acquisitions

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) H2 2022. 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 H2
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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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