Table 2: New England middle market M&A transactions

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

$1,628

Aggregate value of announced transactions (1)

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.

$4,707

$6,738

$4,623

$2,707

$1,246

$2,936

$6,082

$4,783

$6,646

$5,045

$4,845

$3,786

$6,299

$3,027

$4,724

$2,464

$2,625

$3,129

$4,809