Completed middle-market transactions dipped in November, hampered by the Thanksgiving holiday and suffering by contrast with a robust October. Nevertheless, 2014 is on track to surpass recent years in deal volume and value. (See related charts.)

When it comes to deal volume, November yielded just 164 closed transactions, down from 249 in October. But with 2,203 deals completed in the first 11 months of the year, 2014 is on track to beat 2012 and 2013 in the number of closed deals.

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