Food & Beverage Sector Quarterly Update – Insights & Market Data Q4 2025

The Year of The Horse is here! Middle market dealmakers had little to celebrate in Q4 ’25 as macroeconomic uncertainty continued to dampen M&A activity. The Year of The Horse...
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Manufacturing Sector Quarterly Update – Insights & Market Data Q4 2025

The last quarter of 2025 for M&A for manufacturing and industrial businesses continues to build momentum. As one business owner said, “the dust is starting to settle, but there is...
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HVAC Sector Quarterly Update – Insights & Market Data Q4 2025

As we move through the first quarter of 2026, M&A activity across the HVAC industry reflects a market that is stabilizing, though still highly segmented. Manufacturing, distribution, and services are...
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Consumer Sector Quarterly Update – Insights & Market Data Q4 2025

In Q4 2025, the consumer sector operated in a mixed environment, marked by resilient demand in essential and lifestyle-driven categories alongside ongoing margin and cost pressures. Performance varied across subsectors,...
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Specialized Services Sector Quarterly Update – Insights & Market Data Q4 2025

We are pleased to introduce the latest edition of our Specialized Services Quarterly Update, featuring a comprehensive look at current conditions across the sector. This report includes a Specialized Services...
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HARDI 2025 Annual Conference Recap & Key Takeaways

The HARDI HVAC distribution base and broader HARDI member community gathered last week in Las Vegas for the 2025 Annual Conference, an event that once again underscored both the scale...
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M&A East 2025: What’s Fueling Confidence in 2026 Deal Activity

CMG’s Terence Hannafin and Geoff Bradley spent two solid days at M&A East speaking with private equity investors, lenders, and fellow dealmakers from across the lower middle market. One thing...
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HVAC Sector Quarterly Update – Insights & Market Data Q3 2025

The third quarter of 2025 brought a mixed landscape for M&A across the HVAC industry. As always, the sector’s performance is nuanced, reflecting the varied dynamics of the three primary...
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Manufacturing Sector Quarterly Update – Insights & Market Data Q3 2025

The third quarter of 2025 for M&A for manufacturing and industrial businesses continues to be challenging, but there are still opportunities for well run platform companies. Overall, tariffs continue to...
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