Pittsburgh regional M&A update: Q1-2017

M&A activity

There were 41 transactions that closed in the Pittsburgh regional market during the first quarter of 2017 (Q1-2017), a decline of approximately 28.1 percent from the 57 closed transactions in the prior quarter (Q4-2016). The 41 closed transactions also marks a decrease from the 51 closed transactions during the same period in 2016.

While M&A activity slowed in Q1-2017 both regionally and nationally, it is important to note that this decline is compared to the white hot M&A market in 2015 and 2016. Strong stock market performance and perceived stability pushed U.S. M&A multiples even higher in Q1-2017, to 10.8x. Additionally, although private equity exits to strategic acquirers decreased substantially, secondary buyouts have become more common as industry dry powder grows.

View the full Pittsburgh regional M&A update: Q1-2017 >

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