BDO Capital Manufacturing & Distribution Newsletter

March 2016

M&A activity in the Manufacturing & Distribution (M&D) sector in 2015 was slightly ahead of 2014 levels, making 2015 the second most active post-recession year on record. However, a deeper dive into the details revealed an alarming trend. The pace of closings began to slow in Q3 and then dropped off materially in December 2015 and January 2016, down 10.4 percent and 20.8 percent, respectively, from comparable year-earlier periods. While financial buyers steadily purchased M&D companies throughout the year, strategic buyers pulled back in the second half. Read about this and other trends in the industry in BDO Capital's Manufacturing & Distribution Q1 2016 M&A Review & Outlook.

BDO Capital Advisors, LLC, a FINRA/SIPC member firm, is a separate legal entity and is an affiliated company of BDO USA, LLP, a Delaware limited liability partnership and national professional services firm.