Crains Detroit Business recently reported that in 2015, Michigan companies were involved in at least 138 reported mergers or acquisitions worth $10,000,000 or more. Cumulatively, the deals exceeded $101.5 billion dollars. According to Crains, that makes 2015 a record year for M&A activity in Michigan.

If Wright Beamer’s experience is any indicator, the deals are continuing to roll in 2016. We have closed several multi-million dollar deals so far this year. Last week, Wright Beamer served as Seller’s counsel in the successful sale of a southeast Michigan non-automotive manufacturer to an out of state private equity fund for $15,500,000. (And to make the deal even sweeter for the Seller, it was a stock sale!)

With turbulence in the markets and the global economy, beating the 2015 numbers will be a tall order, but at least for now, it seems there is still an appetite for moving cash into well-run, profitable businesses here in Michigan.