The Fortune Group’s John Hull was recently featured in a St. Louis Business Journal article to discuss the strong rebound in the region’s M&A market during 2021, reaching the highest level of deal activity since the Great Recession of 2007-2009.
“The deal market has been incredibly resilient. Once the lockdown ended, people got their arms around how Covid was impacting their business and it gave them some visibility into the future, and deal activity resumed,” Hull said. “Buyers did not back off and sellers remained interested, particularly at the valuations buyers are paying. It’s been a seller’s market.”
Hull added that The Fortune Group expects M&A deal activity in the middle market to remain in 2022 “due to the large generational transition of current business owners, which in some cases is being accelerated by Covid fatigue, and buyers’ ample capital and aggressive pursuit of acquisition opportunities.”