Middle Market M&A Deals Fall To Lowest Level Since 1995

Law360, New York (August 22, 2013, 6:45 PM EDT) -- Mergers involving U.S. companies smaller than $1 billion hit their lowest level in 18 years last month, investment bank R.W. Baird & Co. said Thursday, as the middle market — traditionally the trusty driver of deal activity — continues to sputter.

There were only 193 middle market M&A deals last month, the lowest monthly count since 1995, according to R.W. Baird. Dollar volume was $25.7 billion, a nearly 18 percent drop over last July. Globally, each month this year has been worse than its predecessor in...
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