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Happy Friday and welcome to another edition of Axial Radar!
Following a steep drop in activity last year, M&A staged a remarkable roaring 20s-style rally in Q1 of this year. It actually broke records. According to recent data from Bloomberg, acquiring entities put $1.1T to work throughout the quarter, the best start to a year since 1998.
These trends didn’t only take place in the upper reaches of the economy, but in the lower middle market as well. Deal volume on Axial increased by 27% year-over-year in Q1, while the number of reported deals under LOI nearly doubled. Head over to this week’s featured Industry Trends section of Radar to read more about what was fueling the flame of activity in Q1, and what we can expect for the rest of 2021.
Our featured buy-side members this week include a Colorado-based PE firm, a leading middle market PE firm, and a strategic acquirer in the environmental consulting and sustainability space. On the sell-side we’ll introduce you to a leading NY-based investment bank, and an investment bank led by two partners with over 55 years of experience in the securities industry.
Click here to follow Axial on LinkedIn and stay up to date on the latest trends in the world of Lower Middle Market deal making.