Transaction pros polled in April reported an increase in early-stage deal flow for the third consecutive month, according to the Mid-Market M&A Conditions Index (MACI), a barometer created by Mergers & Acquisitions and sponsored by PwC. (See related graphic.)

The April Composite score of 57.9 is the highest since October, when it hit 59.9. Dealmakers in April continued to forecast that M&A in 2015 will outshine 2014, which was a great year.

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