Lower Middle-Market Deals: More M&A Deals, More Earnouts, Bigger Escrows
Lower middle-market private M&A deals remained resilient in 2022 despite economic headwinds.
As valuations skewed lower, buyers focused on smaller deals with heavily negotiated deal terms. To provide insight into how smaller deals are negotiated, this special report examines data from the 2023 SRS Acquiom M&A Deals Terms Study.
This special report examines M&A deals from two groups: those with transaction values of $25 million or less, and those with transaction values between $25 and $50 million.
Middle-Market M&A Topics include:
- Post-Closing Distributions
- Purchase Price Adjustments
- Earnouts
- Operational Diligence Provisions and Information Rights
- Survival
- Escrow Sizes
- Termination Fees
Download the report above.
Andrew Moore is a Director with the Transactional Group at SRS Acquiom. Based in Sarasota, Florida, Andrew reviews and negotiates contracts for SRS Acquiom’s core engagements, including: Merger and Purchase Agreements, Engagement Letters, Escrow Agreements, Payments Administration Agreements, and more.
He holds a B.A. from the University of Richmond, and a J.D. from the University of Denver Sturm College of Law.