M&A Market Update: 2023 Year-in-Review and 2024 Outlook [PODCAST]

Mike Hirschberg, Director at Northborne Partners, joined Joe Hellman, Partner at Redpath and Company, to reflect on 2023 M&A activity and discuss the current state of the marketplace for low to middle market organizations.

2023 finished the year as a tale of two time periods. The first part of the year provided a bit of market turmoil (including the failing of some major banks). Deal flow slowed and venture and private equity activity dried up, according to Hirschberg.

But the M&A market was resilient in spite of high interest rates, allowing industry experts to look to 2024 with some confidence. Many think that 2024 will be an active year, but how does our guest feel about the potential performance of 2024?

LISTEN TO THE PODCAST:

Listen to the podcast as Mike and Joe discuss:

• Performance of different asset types (A, B, and C)
• Leverage in the market
• Timing of diligence activity
• Strategic deal activity
• Amount of uncertainty going into 2024
• Industry-specific M&A activity
• Sustainability of company performance, recession risk, and market timing
• Legal and regulatory insights
• Valuations
• Impact of sunsetting tax provisions