PE Today: PE Buyers Take the Lower Midmarket Acquisition Lead
Summary
Read the top headlines from Wednesday, May 4, 2022 below: Private equity buyers represented the largest portion of lower middle-market acquirers for the first quarter of the year, according to a new report from Axial. “The bad news is that the lower middle market may no longer be the best-kept secret in M&A,” said Axial CEO and founder Peter Lehrman in a statement. The data suggests 2022 will be another perfectly robust year.” Related content: Four Steps to Building a Better Board at Lower Middle-Market Companies Mill Point Capital, a middle-market private equity firm, announced its partnership with Cancos Tile Corporation, which is a distributor and retailer of luxury ceramic tiles and natural stone. In a statement, Cancos board member Robert Valva said that “the partnership with Mill Point secures the resources necessary to continue our long-term growth trajectory.” Private equity firm The Jordan Company has invested in enterprise data software company Flywheel, which coincides with the launch of its No Code Data Activation Platform, according to a press release. Flywheel co-CEO Chris Sell noted that the last 18 months have seen “a major shift” of businesses moving away from customer data platforms towards “the Modern Data Stack.” Investment from The Jordan Company will drive Flywheel’s customer and partner support initiatives amid that shift, while also fueling the company’s investments in automated intelligence.