Pittsburgh regional M&A update: Q2-2017

M&A activity

There were 47 transactions that closed in the Pittsburgh regional market during the second quarter of 2017 (Q2-2017), an increase of approximately 14.6 percent from the 41 closed transaction in the prior quarter. The 47 closed transactions also marks an increase from the 40 closed transactions during the same period in 2016.

Following the white hot M&A market in 2015 and 2016, the pace of M&A activity globally, while strong on a historical basis, decreased significantly in the first half of the year, largely in response to perceptions of political and economic uncertainty. The M&A slowdown has been less pronounced in North America, which investors still view as relatively stable compared to other economic regions. Although North American 2017 activity is on pace for an 18.5 percent year-over-year decrease in deal value and a 23.6 percent year-over-year decrease in deal volume, on a historical basis activity is still very strong. 2017 is on pace to see the third-highest deal value of any year since 2010. Private equity continues to make up a larger part of total M&A activity with sponsor-backed acquisitions growing steadily from 24.7 percent of all transactions in the first quarter of 2016 (Q1-2016) to 29.8 percent in Q2-2017.

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