With middle-market M&A in a slump, networking is more crucial for effective dealmaking than ever. The Boston chapter of the Association for Corporate Growth is bringing together dealmakers from all over the northeast for DealFest Northeast on June 14 and DealSource Select on June 15.
More than 600 middle-market deal professionals are expected to attend DealFest for a casual block-party-style gathering at the Cyclorama, an historic venue located in the South End neighborhood of Boston, surrounded by the largest collection of Victorian brownstones in New England.
DealSource Select enables dealmakers to hold one-on-one meetings with existing or potential new business partners at the State Room, an event space that offers unmatched views of the harbor and city. In 2015, more than 850 deal pros held meetings at DealSource Select. Mergers & Acquisitions is conducting video interviews at DealSource Select.
Personal finance site WalletHub ranked Massachusetts as the fourth best economy in the U.S. with the state being first for having the highest percentage of fast growing firms and jobs in the technology sector. The Route 128 high-tech environment is a fertile ground for middle-market M&A. Earlier in 2016, Accruent acquired health care tech company Mainspring Healthcare Solutions; Siris Capital Group LLC agreed to buy mobile software developer Xura Inc. (Nasdaq: MESG) for $643 million in cash; and Waud Capital Partners-backed CyberGrants LLC acquired volunteer management software provider JK Group Inc.