We are pleased to share our Summer 2025 Newsletter, offering our perspective on the shifting deal environment and strategic insights as we move into the second half of the year.
In our last newsletter, we anticipated an upcycle on the horizon. That moment has arrived.
Key Highlights
- Momentum Has Returned to the Middle Market: The M&A market has reawakened after more than two years of slowed activity. With tariff fears easing and economic fundamentals holding strong, sellers are racing to the market and buyers are aggressively pursuing a shrinking pool of high-quality assets.
- A Market Defined by Urgency and Selectivity: Deal volume is surging—but so is selectivity. Capital efficient, domestically focused businesses are commanding exceptional valuations. In this high-stakes environment, “good” is no longer good enough—only A+ companies are getting prioritized.
- Sector Signals and What to Watch: Business services, food and ag, and domestic healthcare continue to outperform. Consumer brands are adapting to trade headwinds through regionalization. Fairness opinion demand is rising fast as buyers and boards seek confidence and protection in a hot market.