BGL’s Head of Industrials Andrew Petryk is a featured contributor to the 2023 Association for Corporate Growth (ACG) Special Section of Crain’s Cleveland Business.
Andrew’s article, “Quality companies and thoughtful advisory reign during uncertainty,” discusses how 2022 was a tale of two cities in the M&A market. The year started off strong with buyers, sellers, and deal professionals expecting momentum from 2021 to propel M&A activity in 2022 and beyond, but as sentiment shifted under the weight of a possible recession, geopolitical uncertainties, and rising interest rates, investors exuded more caution, driving transaction activity down in the third quarter.
And while the market evolves, Andrew says buyers are coming to the table with a different outlook on acquisitions, with resiliency and stability in focus. He also shares his outlook for the market and deal making in 2023.
For all of Andrew’s insights, read this article in its entirety on the Crain’s Cleveland website.