Citizens Commercial Banking’s fourth annual Middle Market M&A Outlook shows corporate buyers are no longer content to “sit on the fence” as an improving economy has given executives more reasons to either make strategic acquisitions or stay the course and focus on organic growth.
A quarter of the middle-market executives surveyed said their firms are currently involved in acquiring another firm, up from 17% last year. For middle-market companies with annual revenue between $100 million and $2 billion, the percentage is even higher: 46% are involved in a purchase, compared to 30% last year.
“Our 2015 survey indicates that the appetite for acquisitions and sales has increased since last year,” said Bob Rubino, executive vice president and head of Corporate Finance and Capital Markets for Citizens Commercial Banking. “Many owners are looking for strategic acquisitions that can help them grow. Buyers are no longer sitting on the fence. This is consistent with what we’ve seen with the increasing number of Citizens Commercial Banking customers that currently are actively engaged in M&A activity.”
Other key findings from this year’s survey include:
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