US middle market food and beverage M&A activity moderated in February, with announced deal volume declining approximately 23% month-overmonth, while aggregate disclosed enterprise value increased, driven by a limited number of larger strategic transactions. Buyer participation remained decisively strategic, with corporate acquirers accounting for more than 80% of completed deals, reinforcing continued conviction in control acquisitions, category positioning and synergy realization. Financial sponsor activity was selective and price-disciplined, focused on assets wit durable earnings profiles and credible value creation pathways rather than reliance on multiple expansion.
Mesirow Financial, Inc., member FINRA, SIPC.