Industry Reports

Published on: 02/17/2014
With technology playing an important role at the core of all industries, players in the SaaS & Cloud computing  space continue to reshape the M&A landscape in the middle market. The importance of effective data storage and analysis, integrated business services, and a connected workforce cannot be understated in today’s business environment and has solidified software defined businesses as appetizing targets, as well as deal makers, for strategic and financial partners. 
Published on: 02/17/2014
M&A activity in the infrastructure sector remained vibrant in 2013, with a continued focus on smaller to mid‐sized target companies. Acquisitions of infrastructure related businesses continue to attract investors with promise of strong growth potential for years to come as the nation struggles to catch up with a deteriorated infrastructure system.
Published on: 01/24/2014
The juvenile products industry continued to experience strong M&A activity in 2013, with 34 transactions recorded for the period. Transactions were reported in every segment of the industry including toys, hard goods, safety products, apparel, consumables and baby care.
Published on: 01/24/2014
Following an unusually active year in 2012, M&A activity in the packaging industry returned to more normalized levels in 2013. This pattern was reflective of M&A in general, which slowed following a spike in the second half of 2012 that was fueled by buyers and sellers working to complete transactions ahead of the capital gains tax rate increase that went into effect in January 2013.
Published on: 01/23/2014
At the start of 2014, the medical device industry finds itself in familiar territory, battling many of the same issues it has faced for several years now. There are a few challenges facing the industry, despite perennial pressures, the outlook for the medical device industry is positive.
Published on: 01/02/2014
The recreational products industry experienced robust M&A activity in 2013 with 47 deals reported for the year. This represented over 20% growth from 2012 and the industry posted its third consecutive year of increasing activity. The 2013 transactions included companies of all sizes and representing a wide variety of recreational activities. Both corporate and private equity buyers were active, as many employed a buy vs. build strategy in order to quickly gain access to growing niches or well-known brands.
Published on: 11/15/2013
The military training & simulation market has recorded several mergers and acquisitions this year, despite continued uncertainty in the market caused by sequestration. Most diversified defense contractors now have a company, division, or group focused on training & simulation and these entities continue to seek strategic, add‐on acquisitions. There are also several large companies that specialize only in training & simulation, and many of these are seeking acquisitions as well, including targets in new end‐user markets and applications.
Published on: 11/04/2013
M&A activity in the electronic components industry has remained steady since 2009, but activity lags pre‐recession levels. As of October 31, there have been 52 transactions closed in 2013. In a positive indication of industry activity, Koch Industries announced the acquisition of Molex in early September at a 30%+ premium to the Company’s pre‐ announcement share price.
Published on: 10/28/2013
M&A activity in the industrial distribution industry lags 2012 levels, with 65 reported transactions through the end of September. Activity in the sector remains high, however, primarily driven by aggressive strategic buyers, which outnumber private equity buyers by about nine‐to‐one.
Published on: 10/25/2013
The military communications industry continues to experience a healthy level of M&A activity and could be poised for a new wave of mergers and acquisitions. Such consolidation is typical during periods of significant cuts in defense spending and often includes both middle‐market targets as well as transformative transactions.