Q1-2019

Q2-2019

Q3-2019

Q4-2019

Q1-2020

Q2-2020

Q3-2020

Q4-2020

Q1-2021

Q2-2021

Q3-2021

Q4-2021

Q1-2022

Q2-2022

Q3-2022

Q4-2022

Q1-2023

Q2-2023

Q3-2023

Q4-2023

24

23

18

15

15

14

13

13

13

11

10

10

10

9

8

7

7

7

6

3

Table 1: Philadelphia & Central Pennsylvania region middle market M&A transactions

Number of announced transactions (1)(2)


Source: S&P Capital IQ.
(1) Baker Tilly Capital updated its screening criteria process in H2 2023. Therefore, comparability with prior reports may be limited.
(2) Includes only transactions with disclosed enterprise value between $10 million and $1 billion.

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Q1-2019

10

7

11

10

15

3

7

23

13

18

14

24

10

13

13

8

9

6

7

15

Number of announced transactions (1)(2)

Table 1: Philadelphia & Central Pennsylvania region middle market M&A transactions


Source: S&P Capital IQ.
(1) Baker Tilly Capital updated its screening criteria process in H2 2023. Therefore, comparability with prior reports may be limited.
(2) Includes only transactions with disclosed enterprise value between $10 million and $1 billion.