Kyle Ferguson in Dallas Business Journal:  Expect an explosion in Dallas M&A deals as interest rates cool

After a year marked by a global slowdown in mergers and acquisitions (M&A) in 2023, there is a palpable sense of anticipation for a revival in deal-making activities in 2024. FBFK CEO Kyle Ferguson recently shared insights into the firm’s robust performance and the broader market trends. As reported by the Dallas Business Journal on January 17, the law firm not only weathered the challenges of 2023 but also experienced its most significant fourth quarter to date.

In the midst of high interest rates and increased borrowing costs that led to a 32% year-over-year decline in total transaction volume globally, FBFK stood out with an active engagement throughout the year. Most notably, the firm’s involvement in deals within the lower middle market, ranging from $15 million to $100 million, underscored its resilience in navigating the complex M&A landscape.

Looking ahead, Kyle expressed optimism about the prospects for 2024, particularly if the Federal Reserve follows through with anticipated interest rate reductions. “We really expect to see a pretty significant M&A year in 2024,” he said.

The Dallas-Fort Worth region, where FBFK is a key player, defied the global slowdown, witnessing 73 deals valued at least $5 million in 2023, totaling over $142.8 billion. FBFK’s active role in significant deals reflects its commitment to contributing to the local business landscape and facilitating strategic transactions.

As FBFK anticipates a shift towards more balanced distribution between private equity deals and corporate M&A in 2024, the firm remains poised to navigate the evolving dynamics of the M&A market. While acknowledging that M&A activity may not reach the record levels seen in 2021, the positive sentiment and pent-up demand suggest a busy and promising year ahead in the world of mergers and acquisitions.

Read Dallas Business Journal article here