(Prestonwood Country Club, Dallas, TX) –
“2018 was a strong year for the market as a whole. Deal activity in the middle market saw an increase of about 15 percent in both volume and value from 2017. The outlook for economic activity and mergers and acquisitions for 2019 is strong, but there are warning signs of a slowdown further down the road, potentially leading to a mild recession in 2020. Although we’re likely to see slower growth this year and next, most companies in the US middle market say they are optimistic about M&A in 2019. Regardless, we may see slower growth this year and next.”
Last week, Doug McCullough participated in a panel discussion hosted by The Finance Forum, a networking community that aims to foster and advance the corporate financing profession. The panel, titled “the State of the Union – Private Capital Markets” was sponsored by Triumph Business Capital and featured speakers Pat Hamner (Patriot Capital) and Bill Ashbaugh (Capital SW) alongside Mr. McCullough. The discussion also included moderator Dustin Gibson, President of the Finance Forum and private banker at CrossFirst Bank.
“Contributing to The Finance Forum’s ‘Networking Lunch and Learn’ provides an exciting opportunity to both connect and engage with the business community,” said McCullough. “2019 has had one of the strongest starts I’ve seen in several years. Although we’re beginning to experience some economic headwinds due in part to trade turmoil, there’s no sure way to know what the future holds. Any chance to develop the conversation about the condition of today’s private capital markets enables the finance community to extend our perspectives and better serve our clients. I’m honored to have been invited by The Finance Forum to share my thoughts on private capital markets.”