Mergers and Acquisitions

Baird report: M&A market rebound slowed in July

Despite continued rebound over record lows one year ago, the U.S. mergers and acquisitions market showed signs of slowing last month, according to the latest Global M&A Monthly report by Milwaukee-based Robert W. Baird & Co.

There were 883 M&A deals announced in July, an almost 23 percent increase from July of 2009. Dollar volume rose $62.2 billion, but was below the last 12 month average of $72.3 billion.

July’s monthly dollar volume was the lowest level since January, the Baird report states, while the number of deals was the lowest since February.

Year to date deal total was 6,754 at the end of July, a 48 percent increase from one year earlier. Year to date dollar levels have risen to $515.7 billion in the U.S., but remain below the run rate for 2005 through 2007, the report says.

The middle market in the U.S. continued its robust recovery in July, the Baird report says. The 457 transactions announced in July were a 51.8 percent increase over one year ago, and the $30.4 billion dollar total in the middle market was a 77 percent increase.

From January through July, there were 3,314 middle market M&A deals closed, a 77.2 percent increase from the same period one year earlier – the period saw the largest number of middle market transactions since 2000.


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