The Center for Middle Market Growth has announced that mid-market companies are expected to account for nearly half of all the jobs created in 2014.
One reason for the growth of mid-market businesses is the use of better business intelligence to give manufacturers access to the same data that larger companies have. This new insight will lead to increased efficiency and productivity leading to further growth.
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Dealmakers continue to report month-to-month increases in overall mergers and acquisitions. The month of May received a composite score of 57.9 for monthly deals, according to the Mergers and Acquisitions Mid-Market Pulse, a barometer that predicts deal-making activity. That was a slight decline from April, which hit its highest point since the index began in October of 2013.
And real estate investment trust W.P. Carey (NYSE:WPC) has acquired a distribution facility used by J.M. Smucker (NYSE:SJM).
W.P. Carey will pay Exeter Property Group $48 million for the facility.
A Smucker’s subsidiary making consumer products including packaged coffee, jelly and peanut butter will continue as a tenant in the building.