M&A Update | Food & Beverage

Table 10: Middle-market food and beverage M&A activity for transactions closed Aggregate transaction value and number of deals

$1,200

10 12 14 16

$1,000

1,025

886

$800

862

793

785

703

$600

0 2 4 6 8

625

610

475

$400

455

363

335

334 333 307 285

$200

Number of Deals

$0

Aggregate Transaction Value ($MM)

Q2-2014

Q3-2014

Q4-2014

Q1-2015

Q2-2015

Q3-2015

Q4-2015

Q1-2016

Q2-2016

Q3-2016

Q4-2016

Q1-2017

Q2-2017

Q3-2017

Q4-2017

Q1-2018

Source: S&P Capital IQ and Baker Tilly Capital research (April 2018) 2 Middle-market is defined as transaction values between $10 million and $200 million

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