Food & Beverage deal volume in Q1 exceeded all previous quarters since we began tracking this data. Food price deceleration increases buyer focus on product volume growth.

Consistency solidified the Food & Beverage segment as a standout within the broader Consumer industry in 2023, which largely struggled from a transaction volume standpoint.

Tamarack Partners advised SMA Support Services—a business process outsourcing firm—on its sale to Omnia Exterior Solutions.

Despite a slowdown in Food & Beverage M&A, moderating inflation and normalizing of supply chains encourage optimism for sector participants.

Tamarack Partners advised Dependable Home Health Care—a leading caregiver service for individuals with disabilities—on its sale to TEAM Services Group.

Tamarack Partners advised Hoffman Weber Construction—a leading general contractor—on its sale to Omnia Exterior Solutions.

Selling your small business—your life’s work—is a significant decision. Learn about the key players, timeline and 6 phases of the M&A process.

U.S. Food & Beverage M&A are in a state of uncertainty following a slowdown in dealmaking in 2022 after an active 2021.

Transaction volumes in 2022 surpassed pre-pandemic levels as market participants continued putting their robust amounts of capital to work through M&A.

Cost inflation continued to pressure small and big businesses alike, but operators that were able to maintain margins explored sale options due to buoyed earnings.

Tamarack Partners advised HonestRx Consulting—provider of holistic pharmacy benefit management (PBM) consulting services —on its sale to AssuredPartners Capital.

The Food Connector interviewed Tamarack Partners about the current M&A environment and key considerations when evaluating an ownership transition.

Q2 saw steady transaction volume in the Food & Beverage sector, while the impact of record-breaking food inflation on the M&A environment remains to be seen.

Deal activity remained steady in Q1 following a historic 2021. Inflation and higher input costs pressured margins, encouraging sector players to pursue M&A.

Tamarack Partners advised Medicom Digital—a custom medical marketing and health education software solutions provider—on the sale of its HRA business line, Medicom Health, to Eruptr.

Tamarack Partners advised Medicom Digital—a custom medical marketing and health education software solutions provider—on the sale of its Rx Savings Assistant® to ConnectiveRx.

Livio Health provides specialized house call services for low-income and elderly patients covered by Medicaid and Medicare.

The first half of 2021 saw record venture capital investment in digital health and highly active M&A and IPO markets, signalling that consolidation isn’t slowing down.

Demand for free-range, pasture-raised and organic eggs is driving M&A in the sector, along with opportunities for joint marketing partnerships.

High fragmentation and growth potential make the HME market ripe for consolidation, with increased interest from PE-backed platform companies.