Comprehensive US Lower and Middle Market M&A Report

Middle-market M&A activity in the U.S. maintained momentum in Q4 2024. This movement is characterized by stable valuations, increased private equity activity, and favorable financing conditions. Stability in valuation trends has been attributed to consistent deal demand from private equity firms and strategic acquirers.
Q424 saw a flood of investment activity reflecting increasing confidence in the market with equity firms looking to capitalize on strategic opportunities. In this report we examine a few deals that we feel are indicative of current trends and can shed light on how the M&A landscape will develop in 2025.