Expectations for M&A activity in the energy sector are higher than they were earlier in 2015, according to Mergers & Acquisitions’ Mid-Market Pulse (MMP). (See related graphic).
Dealmakers polled in July gave energy a three-month Composite Score of 68.2 and a 12-month Composite Score of 71.6. Earlier in the year, they gave the sector a three-month Composite Score of 49.4 and a 12-month Composite Score of 62.4.
Fuel prices are expected to continue to fluctuate in the wake of the July 14 announcement that Iran has reached an accord with U.S. and other world powers to curb its nuclear program in exchange for lifting international sanctions on oil exports later in the year.
But based on responses to our surveys, when it comes to global economic developments, transaction pros are more concerned about the long-term impact of debt in Greece than oil from Iran.
For information on recent deals in the energy sector, see Johnson Electric Adds Stackpole, as Oil Price Volatility Continues, Pine Brook Forms New Oil Co. and 5 Ways Plummeting Energy Prices are Changing M&A.
The MMP is a forward-looking sentiment indicator derived from monthly surveys of approximately 250 executives and published in partnership with McGladrey LLP. Previous sector forecasts include technology, media and telecommunications, manufacturing, health care, consumer goods and retail and financial services.