Pacific Northwest Market Update
Quarter 4 | YE 2020
Alexander Hutton has very much been looking forward to sharing the latest edition of our Pacific Northwest Market Update, as the economic rebound continues and new trends arise! If you didn't catch the last edition, our newly expanded quarterly report provides data and insights on: transaction counts and trends by industry as well as by state in the PNW region, region specific completed transactions, how the Pacific Northwest compares to the rest of the U.S., and more!
Many Pacific Northwest businesses have shown immense resilience and durability during this pandemic. These traits are reflected in the significant resurgence in M&A activity as the year came to a very strong close. In addition to the staying power of these companies, the very acquisitive nature of corporate and private equity investors/acquirers and concerns around capital gain increases also fueled the growth in deal volume. Despite median deal value experiencing a slight decrease, the number of transactions completed has returned to rival those in pre-COVID-19 quarters with 164 deals completed.
Our Managing Director, James Thompson, weighs in on how 2020 wrapped up commenting, “Deal activity in Q4 rebounded following overall economic confidence across the economy (# of transactions actually exceeded Q4 2019). Some sectors remain challenged (hospitality, consumer focused retail, travel) but those that weathered the storm continue to attract interest from strategic and financial buyers. 2021 has started with a “bang,” as we are receiving in-bound interest from both buyers and sellers at an all-time high.”
To view the Full Version of the Q4 2020 Pacific Northwest Market Update, click the link below!