Minneapolis corporate partner Ryan Miske provided insight about the impact the COVID-19 pandemic had on mergers & acquisitions (M&A) activity in Minnesota for the Minneapolis/St. Paul Business Journal article, “Even a pandemic couldn't stop M&A in Minnesota.”
“I think it really came down to industry. Some couldn’t operate. Some had sky-rocketing demand.” – Ryan Miske, Minneapolis/St. Paul Business Journal
Miske highlighted that it took time for companies to stabilize, and those that did stabilize were able to resume M&A or take advantage of a new opportunity that presented itself after the start of the pandemic.
“I think it really came down to industry,” Miske said. “Some couldn’t operate. Some had sky-rocketing demand.”
Miske also noted that some of the surge in deals during the third and fourth quarter of 2020 came from pent-up demand. “I can think of a few deals myself that were about to go to market, say, in March, April, May, June – they were put on hold,” said Miske. “As things stabilized, they decided to go to market.”
The full article is available for Minneapolis/St. Paul Business Journal subscribers.