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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
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Andrew Moore
Associate Director tel:720-518-9026
Andrew is an associate director with SRS Acquiom in the M&A Transactional Group. He collaborates with clients and outside counsel to draft, negotiate and finalize M&A documents and related documents such as escrow, payment, and exchange agreements, among others.
Before joining SRS Acquiom, Andrew worked as an oil and gas lawyer where he researched mineral and lease ownerships, and drafted drilling and division order title opinions for a Denver law firm. Prior to that, Andrew practiced real estate, business, and water law for several years with a firm located near Winter Park, Colorado.
Andrew earned his J.D. from the University of Denver Sturm College of Law and his B.A. in Political Science from the University of Richmond.