Greater Philadelphia Middle Market M&A Activity First Quarter 2015

M&A Activity1

  • The Greater Philadelphia region experienced an overall increase in M&A activity during the first quarter of 2015, compared to the same period in 2014. Total number of deals increased 5.8 percent from 172 in Q1-2014 to 182 in Q1-2015.
  • In Q1-2015, 46 of the 182 closed deals had reported deal values, which totaled $55.6 billion in aggregate. Of the transactions with reported values, 27 involved the acquisition of middle market companies with total reported value of $1.5 billion.
  • Strategic acquirers continued to outpace financial sponsors in the region, representing 163 of the 182 (89.6 percent) closed transactions in Q1-2015 in which the buyer was disclosed. Financial sponsors comprised the balance of the closed deals in the quarter.
  • For transactions that disclosed value, the average middle market deal value decreased from $63 million in Q4-2014 to $57 million in Q1-2015.
  • Regional M&A activity by industry was heavily weighted towards the Industrials, Information Technology, and Healthcare sectors during the first quarter. Industrial, Information Technology, and Healthcare companies represented 28 percent, 24 percent, and 19 percent of total activity, respectively.
  • For transactions that disclosed value, the number of middle-market deals closed during Q1-2015 decreased 7 percent to 27 from 29 in Q1-2014.
  • Deal volume in Q1-2015 (182 deals) increased 26% from Q4-2014 (145). In terms of total number of deals, Q1-2015 was the strongest quarter in the last four quarters.

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1Capital IQ and Baker Tilly Capital Research, March 2015.

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