March 2025 Middle Market Monitor

Mirus is pleased to share our thoughts on recent market activity in our March 2025 Middle Market Monitor. The economic indicators for February 2025 reflected wider uncertainty around jobs, inflation, and U.S. trade policy. Unemployment rates were only slightly higher, but consumer confidence continued to slide, registering its largest monthly decline since August 2021. It was also a down month for U.S. public markets after posting positive returns to start the year. Nevertheless, U.S. middle-market M&A is predicted to see a rebound in deal activity this year driven by PE capital availability and demand for strategic growth.