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ESOPs Emerge as Major Players in M&A

The Quiet Rise of ESOPs in M&A: A Game Changer for Middle Market Deals?

The surge in merger and acquisition activity has brought attention to an often overlooked player in the middle market: Employee Stock Ownership Plans (ESOPs). Global deals valued at a record $2.

8 trillion in the first half of 2026 have created a competitive landscape where ESOPs are emerging as both acquirers and sellers.

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