Why 2024 could be a better year for M&A activity

2023 was a rough year for mergers and acquisitions, with economic uncertainty and higher interest rates forcing many companies to put their M&A plans on the back-burner. But that's going to change in 2024, according to Solomon Partners CEO Marc Cooper.
Cooper predicts "better" activity in the space, noting "mega-transactions that maybe skewed the dollar volume" of M&A in 2023.
Cooper notes that private equity has "been on the sidelines." He expects that with interest rate stability, a release of pent-up demand, and the need to return capital investors, private equity will be more active in the M&A space in 2024.
On the corporate side, Cooper says M&A can create growth in a time of low-growth for the economy. He also notes that companies are sitting on a lot of cash that they can deploy.
How is Cooper so confident about M&A activity picking up? He notes that his firm is seeing a backlog of transactions and increased pitch counts.
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