News From The Middle

Published on: 03/14/2019

The humming economy in 2018 saw impressive gains, driving 3.1% GDP growth, bringing the unemployment rate down to a near 50-year low of 3.7%, and accelerating job creation to 2.6 million. Additionally, tax cuts administered by the Trump Administration boosted corporate earnings and led to increased capital investment. It could hardly have been a better year for the middle market. Flush with cash, corporations completed 10,527 deals, an increase of 11.7% from 2017, while private equity completed 2,853, a 17.9% year-over-year increase. In addition to volume, the average disclosed deal value also climbed to a high of $62.9 million. In the wake of the booming 2018 economy–the lingering question is how long can we keep up the momentum?