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Winter 2024 | M&A Report In The Business Services Industry Sector

By Brad Purifoy

January 26, 2024

The report below gives a good overview of the Winter 2024 M&A activity in the Business Services Industry Sector. Despite global economic challenges, the business services sector exhibits resilience, with a 20% increase in completed deals last year. Within business services, human capital businesses, facilities management companies, and professional services remain attractive for M&A. Economic headwinds prompt a considered approach to deal-making, emphasizing the resilience of potential targets. Private equity remains active, especially in family-owned businesses seeking value crystallization. Data analytics plays a pivotal role, accelerating due diligence processes and informing M&A opportunities. According to Clutch, in 2024, the business services landscape undergoes a significant shift, marked by the rise of digital technologies, sustainability, and AI. Adaptation is key for businesses to thrive, emphasizing personalized customer experiences through technology. Data-driven decisions and automation enhance efficiency. Staying informed, agile, and forward-thinking is crucial for navigating evolving trends and seizing opportunities. As per GlobalEdge's findings, in B2B shipping, there's growing demand for integrated warehousing, transportation, and logistics solutions. Value-added services, including sorting, packaging, inventory management, and order fulfillment, enhance efficiency in manufacturer-customer relationships. Firms leverage technology, utilizing voice control software and RFID for streamlined operations. Just-in-time shipping reduces costs by aligning goods with immediate needs, minimizing inventory. Companies are realizing that it is better to hire experts early on, rather than waiting for companies to run into major roadblocks later.

Posted by Brad Purifoy.

Read the Entire Winter 2024 Business Services Report Here