According to the Market Pulse Q4 survey looking at data for the whole year, personal services, consumer goods/retail, and business services led the Main Street market in 2020, while manufacturing, construction/engineering, and business services led the lower middle market. Compared to last year, we saw a slight decline in restaurant activity in the Main Street market and greater activity in consumer goods/retail for the lower middle market.
Source: IBBA & M&A Source Market Pulse 2020 Q4 (published 2/9/2021)
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