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Thank you for participating in Mergers & Acquisitions 2027 M&A Outlook Study.

Your answers will be incorporated in our January/February 2027 Cover Story and will appear in early January 2027 on our website, TheMiddleMarket.com.

Please submit your answers in print-ready format. Please do not provide any off the record commentary. If you have any questions, please contact Demitri at ddiakantonis@themiddlemarket.com.

Please complete your survey by November 13.

Thanks again!

About You

First Name

Last Name

Job Title

Company

Email

Phone

What role best describes you?

2027 M&A Outlook

2027 Dealmaking Environment

1. How do you expect overall middle-market M&A deal volume to change in 2027 compared with 2026?

A
B
C
D
E

2. What do you expect to happen to middle-market company valuations in 2027?

A
B
C
D
E

3. What are the three biggest factors that will influence M&A activity in 2027? (Select up to three)

4. What is your boldest prediction for the middle-market M&A industry in 2027? Identify one development you believe will occur that isn't yet widely anticipated. Be as specific as possible.


Private Equity and Deal Dynamics

5. Which of the following will be the biggest driver of private equity deal activity in 2027?

A
B
C
D
E
F
G
H

Why Is That?

6. What do you expect to be the biggest obstacle to completing transactions in 2027?

A
B
C
D
E
F
G
H

Why Is That?

7. What is one change in the way deals are sourced, financed, structured or executed that you expect to become more important in 2027?

Sector & Technology Outlook

9. Choose a sector and provide your view on what we should expect in the year ahead, eg: What's an emerging trend we should pay attention to; How will the sector fare vis a vis the broader market; Where will growth come from? What are the key drivers in this sector to pay attention to? Feel free to speak to a specific subsector within one of these broader industries.

Your View:

10. Where do you expect AI to have the greatest impact on middle-market M&A in 2027? (Select up to three)

Why Is That?

Predictions for 2027 & Beyond

11. Which of the following do you predict for 2027?

Middle Market Deal Volume

Avg Purchase Price Multiples

Federal Reserve Interest Rates at Year-End

Private Equity Exits (by number)

IPO Market Activity

12. Looking beyond 2027, what is one structural change or mega trend that you believe will reshape middle-market M&A over the next three to five years?

And Finally ... 2027 Super Bowl Winner:

Kindly attach a headshot that we can use for publication