For the third month in a row, transaction pros reported a decline in overall deal flow, according to the Mid-Market M&A Conditions Index (MACI), a barometer created by Mergers & Acquisitions. (See related graphic.)
At 53.7, the composite Score for September is still in positive territory, indicating growth. But the drop from the 2015 high Composite Score of 57.9 in April – combined with three months of declines – provides on-going evidence that momentum is slowing in the middle market. For more, see Middle-Market M&A Continued Downward Trend in Third Quarter and Mid-Year Update: Is 2015 Frontloaded?