Bankers See Strategic Acquirers Re-Entering the Marketplace
MINNEAPOLIS, Dec. 16 /PRNewswire-FirstCall/ -- U.S. Bancorp Piper Jaffray
(Piper Jaffray) Middle Market Mergers and Acquisitions (M&A) group recently
released a report on the outlook for M&A activity in the middle market in
2004. The report, entitled Middle Market M&A Outlook 2004, offers a detailed
discussion of the market in 2004 from the perspective of both sellers and
buyers and examines what companies are best positioned to capitalize on next
year's trends. In addition, the report provides a review of M&A activity in
2003 in terms of transaction volume and the impact of economic drivers.
"We are enthusiastic about the M&A market for 2004," said Glenn Gurtcheff,
managing director and co-head of Middle Market M&A at Piper Jaffray. "2003 is
on pace to be the first year since 1998 that shows an increase in the number
of M&A transactions. Buyer demand remains strong and private equity firms,
aided by liquid financing markets and an abundance of uninvested capital,
continue to pursue top-tier opportunities aggressively."
"Strategic acquirers have shown increased signs of life," said Jeff
Rosenkranz, managing director and co-head of Middle Market M&A at Piper
Jaffray. "Those companies with strong balance sheets and a clear focus have
been aggressively bidding on targets that are strategic fits. In addition, we
believe that the improving economy should lead to an increase in supply in the
M&A market, as both private and corporate owners choose to sell their
businesses off of improving financial performance."
To access Middle Market M&A Outlook 2004, clients should go to
www.gotoanalysts.com/outlook2004 ; members of the media should contact Dana
Wade at email@example.com or 415-277-1556.
U.S. Bancorp Piper Jaffray, a subsidiary of the consolidated group of U.S.
Bancorp (NYSE: USB), is a focused securities firm comprised of two revenue-
generating segments: Capital Markets and Private Client Services. Clients of
both segments are supported by Investment Research. The firm provides a full
range of investment products and services to individuals, institutions and
businesses. The firm has over 126 offices in 25 states across the country.
U.S. Bancorp offers a comprehensive range of financial solutions through U.S.
Bank, U.S. Bancorp Asset Management, U.S. Bancorp Investments and U.S. Bancorp
Piper Jaffray. For more information on U.S. Bancorp Piper Jaffray, visit
SOURCE U.S. Bancorp Piper Jaffray