Middle Market Weekly Outlook

Total M&A volume is high, but how sturdy is the market? Bloomberg reports that 2016 numbers are “being buttressed by a few large transactions that were really spillovers from 2016.” They also report that CEO confidence — “the single biggest driver of M&A” — may take a nosedive thanks to today’s shaky economy.

Insights

• How Scalia’s death might affect U.S. business
• Globalization spurs education M&A
• Why PE groups are buying up franchisees
• How buy-and-build deals create value
• PE’s credit crunch moves beyond junk
• Relationship lessons for M&A
• How sturdy is the M&A market?

Transactions

• Huron Consulting Group acquires MyRounding, with The Braff Group as the exclusive M&A advisor
• Sentinel Capital Partners buys Marketplace Events
• PT Holdings acquires Whaley Foodservice Repairs
• United Flexible acquires Fulton Bellows
• Roark Capital invests in Orangetheory Fitness
• New Harbor acquires majority interest in Certica Solutions
• Keais Records Service acquires LegalPartners

This Week in History… the 16th Amendment, enabling a federal income tax, is ratified.