COVID-19's impact on the course of US economics and business remains foundational. According to the most recent quarterly report released by the US Commerce Department, the US economy contracted by a record 32.9% in the second quarter.
Yet the narrative around Mergers and Acquisitions was a different story. The Alliance of Merger and Acquisition Advisors recently released a survey based on second-quarter M&A activity. Findings indicated that while 40% of in-progress deals were suspended, 35% are still in progress, with 11% of those deals closing. So, has COVID-19 had that fundamental impact on business transactions? Is the current environment a good time for owners to consider selling?
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