Does an Unexpected Mid-Market Low Mean Trouble For M&A? Maybe. Maybe Not.
Mergers and acquisitions involving middle and lower middle market Texas businesses slid in 2018, putting the fourth quarter of this year on track to have the fewest such deals since early 2010. Amy Curtis, a partner at Thompson & Knight in Dallas said there are several reasons to be optimistic that 2019 will continue to be a busy year for middle-market M&A activity, particularly because tax relief has left buyers with additional cash to spend. “When it comes to energy M&A in Texas, all eyes will be on commodity prices, as continued volatility could slow planned transactions,” she said. “But generally, the sentiment from executives seems to be that 2019 will bring increased activity for deals.”