Food and beverage M&A update: H1 2023

Navigating shifting waters in the food and beverage M&A landscape

The following report developed by Baker Tilly Capital, LLC provides an update on the food and beverage mergers and acquisitions (M&A) market in the first half of 2023. The report includes an overview of the market performance, M&A activity, transactions by segment and buyer, and U.S. middle market M&A activity.

Here are some key takeaways from the report:

• The start of 2023 witnessed an uptick in M&A transactions compared to the close of 2022, but aggregate closed deal value saw a significant dip. H1 2023 marked the lowest semi-annual period in the last five years in terms of closed aggregate deal value, totaling approximately $3.1 billion
• In H1 2023, middle market M&A activity improved with 13 closed transactions, an 8% increase from H2 2022, but deal values decreased by 32% to $640 million
• Strategic buyers continued to dominate the landscape, underscoring the need for agility and adaptability in this ever-evolving sector

Dig into our report

For an in-depth look at M&A activity in the food and beverage industry, download a copy of our food and beverage M&A update: H1 2023. The report includes:

• M&A activity by market segment
• Investment information, including revenue, stock, and forward-looking information
• Highlights of agribusiness, beverage, natural/organic, and other market segments
• Notable transactions closed during H1