The Fortune Group’s John Hull and Brad Scharfenberg were recently featured in a St. Louis Business Journal article to discuss the region’s M&A activity in 2022 and outlook for 2023.
Although the number of reported transactions in the St. Louis area declined in 2022 compared with record-setting levels in 2021, “deal volume remained healthy, with activity reaching its second highest level over the past 10 years,” said Brad Scharfenberg, Vice President at The Fortune Group.
“M&A activity began slowing in the second half of 2022 due to tightening credit markets, higher borrowing costs and inflationary pressure,” said John Hull, Managing Director at The Fortune Group. Those factors and the widespread concern about a recession have led many M&A professionals to forecast lower transactional activity again this year, he added.
Hull said despite these headwinds, The Fortune Group believes middle market M&A deal volume in 2023 “will remain solid due to the ongoing generational transition of current business owners and the demonstrated resilience of middle market M&A.”
To read the full article, click here.
