Q2 2023 Food & Beverage Quarterly Review
The food & beverage market continues to display its recession resilience as demonstrated by a steady stream of M&A transactions. Strategic acquirers’ activity in the sector remains elevated as they aggressively pursue accretive consolidation opportunities. Private equity buyers maintain a healthy presence in the space but have been increasingly selective in their acquisition strategy. However, record-high dry powder remains for acquisitions, and pressure is mounting on a backlog of pent-up demand from private equity.