Mirus Middle Market Monitor August 2023

This document is a market brief that outlines economic indicators and trends for August 2023. It details the mixed economic signals as the economy grapples with high inflation, with the Federal Reserve focusing on labor market data, interest rates, and consumer health. The Consumer Price Index showed a deceleration from its peak, while unemployment rose to 3.8%. The document also reports a decline in the Consumer Confidence Index and a flat Case-Shiller Index for home prices. Public markets experienced a downturn, with the S&P 500 and Dow Jones Industrial Average both decreasing. Additionally, middle market M&A activity increased, particularly in technology, industrial, and business services, although cross-border transactions saw a slight decline. The document highlights significant acquisitions in the technology sector, including Scaleworks' acquisition of Full Circle Insights and Parsons' acquisition of Sealing Technologies, indicating ongoing investment and consolidation in the market.