Third Quarter 2021 Mergers and Acquisitions Update

Download our Third Quarter 2021 M&A Update Here
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M&A activity continues its record pace, supported by strong economic growth, borrower-friendly interest rates, and robust balance sheets. More than $1.8 trillion has been spent on North American M&A this year, topping $1.1 trillion and $1.6 trillion in the year-to-date periods of 2020 and 2019, respectively.
 
While these factors may continue to drive activity in the near-term, the Federal Reserve will likely raise interest rates to counter inflation, which may hamper activity down the road. This may impact valuations more than deal volume as an increasing number of Baby Boomers plan to retire.

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The Midwest continues to garner M&A interest, with over 100 deals completed and 24 announced during the quarter. Kansas City Southern continues to capture headlines as the Midwest’s darling $29-billion deal, as it aims to join Canadian Pacific in forming the only single-line railroad that links the US, Mexico, and Canada.​
 
As always, contact us if you would like to receive information about activity in your specific industry or geography, or if you would like to discuss options for your business