The first six months of 2017 proved the middle market’s most productive first half in 10 years. Activity was fueled by: confidence in the overall economy, including a widely-held expectation of lower taxes and fewer regulations in the future; underlying conditions favorable to M&A, such as an aging population of baby-boomer owners looking to sell their companies and the proliferation of technology in all industries; and investor enthusiasm for private equity as an asset class, which is fueling fundraising.
Deals completed in the period totaled 5,260, according to data from Thomson Reuters. That represents a 12 percent increase over the 4,694 deals that closed in the first six months of 2016. And it marks the strongest first six months of the year since pre-recession 2007, when 5,478 middle-market deals closed.