Business Services | Fourth Quarter 2022
January 2023 – This issue of SOLIConnect includes a discussion with regard to the 10% increase in the overall Business Services Sector Index, outperforming the 7% increase experienced by the S&P 500. While overall M&A volumes in Q4 2022 were down relative to prior quarters, M&A activity in the Business Services sector remained resilient during Q4 2022 with numerous platform investments by private equity firms and several high-profile strategic acquisitions. Notable transactions during the quarter include H.I.G. Capital’s acquisition of Barton Associates, Cognizant’s acquisition of Austin CSI, Cross Country Healthcare’s acquisition of Hireup Leadership Inc. and numerous others described in our report.
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