Morrissey Goodale’s 2023 M&A Mid-Year Review

Morrissey Goodale’s 2023 M&A Mid-Year Review

Through the first six months of 2023, Morrissey Goodale tracked 226 deals in the U.S.– the second hottest H1 on record. Here are some highlights from the report:

• 175 unique buyers and investors from eight different countries combined to close deals in the first half of 2023.
• The median acquirer boasted revenues of $91 million in H1 2023, while the median seller had revenues of $3 million.
• Ten ENR Top 500 Design firms sold or recapitalized in H1 2023.
• Employee-owned buyers drove the largest share of deals in the first half of 2023, claiming 56% of all domestic acquisitions, followed by private equity-backed buyers at 35%, and publicly traded buyers at 9%.
• Firms with proven records in the transportation, water, and power markets saw the most interest from industry buyers and investors in the first half of 2023.
• Florida, Texas, and California remained the most coveted states by dealmakers, in line with trends observed over the past few years.

To learn more about what’s going on in the world of M&A, or if you need assistance with your merger or acquisition, contact Jon Escobar at (224) 577-8595 or [email protected].