auditing financial data

Insights from Withum’s Investment Banking 2025 Quarter 3 Report

How is Middle Market M&A trending? With the everchanging M&A market, we’ve put together this report to keep you informed on the latest trends and activities we have been seeing within the Middle Market M&A world.

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What’s Inside?

Activity

Deal volume remains subdued despite a rise in average purchase price multiples, indicating selective market activity.

Market Bifurcation

Premium assets continue to command strong valuations, highlighting an increasingly bifurcated market where quality is highly prized.

Value Creation

Value creation is concentrated in the $50 million to $250 million enterprise value range, where scale and access to financing provide a competitive edge.

Rates

A divided Federal Reserve lowered rates by a quarter point at the December meeting, signaling a possible pause in further rate cuts.

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Download the report to learn about current M&A activity and trends, industry segment happenings and private credit markets.

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