The Middle-Market PE + M&A Update is a quarterly publication for the deal-making community, presented by The Bonadio Group, reporting on transaction activity in the context of national trends. This report provides information and insights on types of deals, multiples, and private equity activity.
Note: For purposes of this report, we define the “middle-market” as companies with enterprise values between $10 and $250 million. Some third-party data sources do not present deal data in that size range on a standalone basis, to avoid excluding deals where transaction values were not disclosed (which is often the case for transactions in this size range). We reference overall trends as a proxy for what’s happening in the middle market.