This story appears in full in the January/February 2016 issue of Middle Market Growth.
As the 2016 presidential race heats up, M&A professionals recall the last presidential election with feelings of regret. In 2012, against the backdrop of the passage of Dodd-Frank and the lingering impact of the global financial crisis, they watched as many politicians and media assigned blame to the M&A industry. Private equity firms and others in the finance industry were cast as greedy job destroyers and antagonists responsible for everything wrong with the U.S. economy.
The industry has come a long way in the past four years. As the current presidential campaign season gains momentum, ACG continues to serve as the “voice of the middle market,” educating political candidates and government regulators about issues affecting middle-market M&A, and advocating for change. ACG’s constituents have learned that a seat at the political table means an opportunity to tell the noteworthy story of the middle market and the important role that ACG members play by helping companies grow, add jobs and improve local communities throughout the United States.
Much of the campaign season will center on candidates’ political posturing. There will be pressure on long-time friends of the industry to reposition themselves for voters seeking a more populist message. It will be more critical than ever for ACG and industry practitioners to remind candidates that policies to sustain the middle-market economy are helping Main Street, not Wall Street. […]