Deal volume in the Midwest remains steady, with Business Products & Services leading in volume. However, the projected annual deal volume for 2024 is expected to be soft with more buyer appetite than quality companies on the market. Strategic buyer activity is on the rise, focused on the middle market and smaller businesses. Meanwhile, private equity exits hit a low in 2023, causing funds to hold assets longer.

Find out more trends, select transactions from several Midwest states, and more in our latest update.