M&A MARKET UPDATE MARCH 2021 S.E. QUARTERLY REVIEW
Notable Trends in March 2021
For the month of March, deal count increased for the first time in two months, up 5.6% from February. Compared to March 2020, deal activity was down 25.6%. Capital invested was down by 34.6% year-over-year for the month of March and down 52.3% compared to last month. The acquisition of PureCycle Technologies by Roth CH Acquisition I and Star2Star Communications by Sangoma Technologies drove invested capital in March. These two deals comprised 52% of capital invested in the Southeast. Median deal size was $67 million, a 319% increase from the median of $16 million in February 2020 and an increase of $50 million from the previous month’s median deal size. A major driver for activity has come from companies looking to grow as we emerge from this global pandemic, especially in the digital and tech industries.
