Local M&A activity dips in Q2

Midstate businesses closed 29 mergers and acquisitions in the second quarter of 2017, down from 32 in the first quarter and 37 for the same period last year, according to a recent report.

About half of the transactions happened in either the consumer or industrial sectors, and 10 of the 20 companies on the buying end of those deals were based in the Lancaster area.

The report, issued by Philadelphia-based M&A advisory firm Baker Tilly, represents a continuation of trends the firm has noted in other quarterly analyses over the past year: decreased M&A at a national level in what is still an overall healthy environment for transactions.

Local deals of note include Armstrong Flooring’s purchase of Mannington Mills’ tile division and Select Security’s acquisition of 28,000 U.S. customers from Toronto-based AlarmForce. 

The full report is available on Baker Tilly’s website.

Jennifer Wentz
Jennifer Wentz covers Lancaster County, York County, financial services, taxation and legal services. Have a tip or question for her? Email her at jwentz@cpbj.com.

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