More than two-thirds (68 percent) of respondents expect an uptick in M&A deal volume during the next six months, according to a new Grant Thornton LLP survey.
When asked in which industries they expect the most deal activity, respondents most frequently pointed to technology/media/entertainment/communications (53 percent), healthcare and life sciences (43 percent), and services (33 percent). Elliot Findlay, Grant Thornton’s national managing principal of mergers and acquisitions, says he is seeing a lot of companies outside the technology industry acquiring technology companies.
“The pandemic accelerated the transition from brick and mortar to digital for a wide range of businesses, so many companies are trying to catch up on digital transformation,” says Findlay. “Plus, with interest rates still low, buyers are more willing to pay for strong assets. We’ll just have to see where the ceiling for dealmaking is, but the height of that ceiling may depend on w