buildings by water

1Q 2023 M&A Report: Inflation, rising interest rates and global economic uncertainty are the main themes for 2023 so far. Yet M&A deal activity in the middle market remains fairly steady as investors have plenty of capital to invest and continue to concentrate on quality assets. After a relatively weak start to the year, we would not be surprised to see a nice rebound in the second half as the market adjusts to this new higher-rate environment and the possibility of a decline in inflation, which might lead the Federal Reserve to ease off the monetary brake pedal and avoid a recession.


Barry Calogero, a FOCUS Managing Director, brings more than 30 years of executive management and consulting experience, with an emphasis on driving operational excellence and improving the enterprise value of companies around the world.