Pennsylvania regional M&A update: H2 2022

Navigating economic uncertainty: H2 2022 M&A trends in Pennsylvania

Baker Tilly Capital, LLC has issued a report on the state of middle market mergers and acquisitions (M&A) in Philadelphia and Central Pennsylvania in H2 2022. The report highlights a slight increase in the number of closed transactions in H2 2022 compared to H1 2022, but a 20% decrease from the same period in 2021.

Here are some key takeaways from the report:

• The consumer sector led M&A activity in the region, followed by healthcare and information technology sectors
• The median transaction size for middle market deals in Q4 2022 increased compared to Q3 2022
• The largest number of buyers and targets were located in SE Pennsylvania and Philadelphia areas
• The report notes continued investor demand offset by global economic uncertainty and rate hikes by the US Federal Reserve which put a significant premium on the cost of capital for investors reliant on debt to finance their acquisitions

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) H2 2022. 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 H2