According to data published by PwC US, financial investors in the industrial manufacturing space renewed their M&A appetites in 2013, increasing deal activity by approximately 40 percent year over year. Strategic investors continued to close the most transactions, but the rise in activity by financial investors is a signal that dry powder sitting on the sidelines for so long is finally getting to work. The majority of deals in 2013 have fallen into the middle market category (transactions worth $50 million to $250 million) with North American companies being the most active.
