Pennsylvania regional M&A update: H1 2023

Adapting to shifting tides: M&A trends unveiled

Baker Tilly Capital, LLC recently released their Pennsylvania M&A update report, which highlights the middle market transactions in Philadelphia and Central Pennsylvania in H1 2023.

Here are some key takeaways from the report:

• 452 transactions closed in the region, matching H2 2022 in volume but masking a 30% decline in total deal value, revealing the impact of global economic uncertainties and Federal Reserve rate hikes
• Similar to H2 2022, the consumer sector led M&A activity in the region 20.4% of total closed deals in H1 2023 followed closely by industrials and information technology
• The median transaction size for middle market deals dropped to $36.1 million in Q2 2023 from $67 million in Q1 2023
• SE Pennsylvania and Philadelphia areas remained central for M&A activity

Dig into our report

For an in-depth look at M&A activity in the Philadelphia and Central Pennsylvania region, download a copy of the Pennsylvania regional M&A update (Central PA and Philadelphia) H1 2023. The report includes:

• Regional market activity
• M&A activity by market segment
• Transaction data for middle market M&A activity
• Buyers and targets by location
• Notable transactions closed during H1