Pulse check: Business confidence high despite long-term concerns

M&A and hiring are big worries for companies, even in a strong economy.

By Business Observer Staff
| 6:00 a.m. April 5, 2019
| 0 Free Articles Remaining!

Tim Schar, SunTrust Bank's Tampa market president. Courtesy photo.

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As uncertainty about the U.S. and global economies continues to grow, middle market companies are increasingly open to mergers and acquisitions.

In a survey of firms ranging in size from $5 million to $250 million in gross annual revenue, SunTrust Bank found that 28% have turned to M&A as a key long-term growth strategy, with 11% saying it’s the No. 1 priority. That tops expansion, new product development and new customer segment acquisition.