GCG’s Q4 2024 Middle Market Update provides an overview of the latest trends in the market, including the recent performance of select sectors and the state of the middle market M&A environment.

Key findings include the following:

• • The rise in treasury yields is making borrowing more expensive, widening the existing valuation gap between buyers and sellers, and putting downward pressure on valuations heading into 2025.
  • The new administration’s approach to tariffs, trade wars, and government subsidies is creating uncertainty, making deal-making more unpredictable.
  • The push for domestic manufacturing and reshoring policies is making the US a prime investment destination for global buyers, especially those looking to gain exposure to key industries benefiting from policy shifts.
  • PE firms have delayed exits due to a weak M&A market but will face pressure to sell portfolio companies soon. At the same time, PE firms have raised a significant amount of capital that needs to be deployed, potentially fueling increased deal activity.

Click here for the full update.

Get in Touch

Tell us a little about yourself and we will get in touch as soon as we can.