M&A Summary: Q4 2018 – Mid Market

February 20, 2019

Q4 2018 was marked by geopolitical disputes and policy changes that affected the global economy and had a significant impact on markets around the world. The quarter started out on a high note with the leaders of Mexico, the United States, and Canada agreeing to the framework for a new regional trade agreement. This positive sentiment was short-lived, with Brexit and U.S.–China trade negotiations heating up and driving continued uncertainty. This and other headwinds reduced transaction volume by 10% between Q3 and Q4 of 2018, though we still saw a 2.2% increase on a year over year basis.

The utilities sector saw M&A activity flourish in the face of the uncertainty, with a significant increase in transaction volume during the quarter as disruptive new infrastructure and grid technologies continued to drive consolidation.

Cross border transactions chart
transactions by industry chart
transactions volume chart
Q4 transactions highlights

Ryan Farkas
Partner, National Corporate Finance Leader

Jamie Windle
Partner, National Transaction Services Leader