Mirus Middle Market Monitor Economic Brief May 2023

This document is a market brief detailing economic indicators and middle market M&A activity for May 2023. It outlines the resilience of economic indicators despite a rise in the unemployment rate to 3.7% and a slight decline in the Consumer Confidence Index. The Consumer Price Index increased by 0.1% in May, with shelter being the largest contributor to this rise. The public markets showed mixed results, with the S&P 500 increasing by 0.3% while the Dow Jones Industrial Average decreased by 3.5%. The report notes that middle market M&A activity remained stable, with the Industrials and Distribution sector leading in transaction volume. Additionally, cross-border M&A activity decreased, and LBO transaction volume also dipped. The document includes specific middle market M&A transactions, highlighting acquisitions by companies such as Accūrō Solutions and HKA Global Limited, indicating ongoing strategic growth in the sector.