Middle-market M&A runs the economy's quietest trillions
Below the headline mega-mergers, deals under a billion dollars set the pace for business owners, and 2026 opened with buyers holding the advantage.
Amara Okonkwo
Business developments reported for their consequences inside the organization. Coverage includes earnings that trigger cost programs, mergers and the integration that follows, executive appointments and departures, and restructurings that remove whole functions. The question in every item is which jobs the decision creates, changes or ends.
Corporate results, mergers and restructurings covered for their effect on staff: which teams grow, which functions vanish, and who decides.
Below the headline mega-mergers, deals under a billion dollars set the pace for business owners, and 2026 opened with buyers holding the advantage.
Amara Okonkwo
S&P 500 companies kept returning record capital to shareholders through the mid-2020s. The 1 percent excise tax changed the paperwork, not the practice.
Amara Okonkwo
The 2025-2026 listings recovery rewarded profitable, mature businesses, and left the 2021 vintage waiting. That's a different market, not a thaw.
Amara Okonkwo
Franchise formation outpaced independent business creation in the mid-2020s, powered by laid-off professionals buying themselves a management job.
Amara Okonkwo
Manufacturing construction hit record levels after the subsidy wave — employment followed slowly, and the gap is the story.
Amara Okonkwo