Exit and Growth Strategies for Middle Market Businesses

M&A Quarterly News In The Business Services Industry Sector

By Brad Purifoy | Feb 27, 2019

The report below gives a good overview of the first quarter M&A activity in the Business Services Industry Sector. M&A activity for North American based target companies in the Business Services sector for Q4 2018 included 667 closed deals, according to data published by industry data tracker FactSet.

One of the notable middle market transactions closed in November when Forrester Research, Inc. acquired SiriusDecisions, Inc., a portfolio company of JMI Management Inc., for US$245 million in cash, subject to certain adjustment. The acquisition enhances Forrester Research’s innovation strategy and technology services. Founded in 2001, SiriusDecisions is located in Wilton, Connecticut and provides business to business research and advisory services. It has around 340 employees.

Industry Indicators

  • US corporate profits, an indicator of corporate demand for business services, rose 10.3% in the third quarter of 2018 compared to the same period in 2017.
  • The value of US nonresidential construction spending, a driver for business services demand, rose 5.2% year-to-date in October 2018 compared to the same period in 2017.
  • Total US revenue for administration and support and waste management and remediation services rose 7.2% in the third quarter of 2018 compared to the previous year.

Posted by Brad Purifoy.

Read the Entire Business Services 1st Quarter Newsletter Here

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