Demand was high, so brokerages met the M&A demand.

The M&A marketplace continued to sizzle in 2012 and, as anticipated, surpassed the record set just prior to the 2008 global financial meltdown. The trends in the past two consecutive four-year cycles are eerily similar. A relatively weak year (both 2005 and 2009) followed by three years of growth—the most recent of which led to a record-breaking 2012.

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