NEW YORK – In contrast to the upward trend in mergers and acquisitions in the U.S., those types of deals have been declining in New England for three consecutive years, according to Mergermarket Group’s “ New England M&A Trend Report: 2013.”
New England finished 2013 with 243 deals worth $24.8 billion, the region’s lowest aggregate value since 2002, when $18.4 billion in M&A deals were reported.
In Rhode Island, 10 mergers and acquisitions with a total value of $509 million were announced in 2013, according to Mergermarket data.
“Even though we have Rhode Island data, we can’t draw meaningful conclusions based on such a small amount of activity,” Amanda Levin, Mergermarket’s editor of the Americas, told Providence Business News. “One large transaction can skew the numbers, so we can’t really determine a trend.”
The Rhode Island M&As were mostly in the consumer segment, such as retail and restaurants, she said.
While New England M&As were down, the Mergermarket study found substantial growth of M&A activity in the mid-Atlantic and West Coast regions, particularly in the overall technology, media and telecommunications sector.
In the bigger New England picture, some companies decided to forego the M&A route and chose the IPO path, which was a robust market last year and is expected to continue to be healthy in 2014, said Levin.
Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.