U.S. Middle-Market M&A in 2026

A Reset Phase Giving Way to Disciplined, Pent-Up Deal Momentum

2025 marked a reset for U.S. lower-middle and middle-market M&A, as participants adjusted to a higher but more stable rate environment and renewed discipline in underwriting. While activity remained below the 2021 peak, volumes improved modestly from 2024, setting the stage for gradual, steady expansion into 2026.

Read more in the full report here

Get In Touch

"*" indicates required fields

Select Professionals

Gary Sandhu

Vice President

248.345.0480 | Email Gary

Related transactions

View all our transactions

Advanced Spine & Rehabilitation Acquired by First Care Medical

The Norlee Group Acquires Colwill Engineering

Pinnacle MEP Holdings Acquires Parker-Arntz Plumbing & Heating, Inc.

NSF Has Acquired Guelph Food Technology Centre

Emergency Medicine Specialists Acquired By TeamHealth

NSF Has Acquired Euro Consultants

DeGarA has merged with American Physician Partners

EMS has partnered with Avante Health Solutions

Kalamazoo Emergency Associates Acquired by American Physician Partners

Safari Circuits have been acquired by Waséyabek Development Company, LLC

BullsEye Telecom, Inc. has acquired Bandwave Systems, LLC

Morae Global Secured Growth Capital From Lateral Capital Management

Waterwatch Corporation Acquired by Conservice

NSF Has Acquired AuthenTechnologies

TCC Wireless Recapitalizes with Brightwood Capital

Grand Flower Growers has completed a minority recapitalization with Main Street Capital Corporation

Capitol Supply and Service was acquired by Style Crest, Inc.

NSF Has Acquired Inassa

NSF Has Acquired Surefish

NSF Has Acquired Becker & Associates

NWP Has Acquired Sierra Utility Billing Services

IDC Has Acquired NA Publishing

NSF Has Acquired Avarent

NSF Has Formed A Strategic Partnership With Trucost

NSF has acquired Erdmann

IPS has merged with MeterTek

Eclipsys has acquired Sysware

Commercial Printer Turnaround Consulting Case Study

Publishing Company – Restructuring & Financing Case Study

Security Corporation Acquired by ADT Commercial

Transdev Sells Assets to WHC Worldwide

LSG Insurance Partners Was Acquired by Gallagher

Surgere has secured a growth capital investment from Cypress Growth Capital

Cascade facilitates growth for Pacific Power and Systems; arranges financing for 2nd acquisition & working capital line of credit

The Perrigo Company divested of Perrigo’s effervescent tablets business and related manufacturing facilities to Tower Laboratories,

MedTrak Systems, Inc. has been acquired by CompassCare, Inc